Polar Capital Holdings Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	76.86	51.65	54.69	45.2	62.09
Depreciation & Amortization	2.46	17.26	3.63	3.33	9.26
Stock-Based Compensation	7.67	7.01	5.08	4.39	7.35
Other Adjustments	-3.45	0.88	-2.79	1.83	-0.3
Change in Receivables	-6.92	-1.81	-1.55	5.91	-1.51
Changes in Accounts Payable	14.38	5.73	-7.09	-8.68	8.42
Changes in Other Operating Activities	-18.43	-16.69	-10.07	-6.85	-10.65
Operating Cash Flow	72.55	64.02	41.91	45.13	74.67
Operating Cash Flow Growth	13.33%	52.76%	-7.13%	-39.57%	-3.26%
Capital Expenditures	-0.16	-0.17	-0.24	-0.49	-0.55
Sale of Property, Plant & Equipment	0.05	0.01	-	-	-
Purchases of Investments	-53.46	-46.95	-36.42	-62.77	-70.34
Proceeds from Sale of Investments	75.93	50.71	49.41	55.28	41.24
Cash Acquisitions	-0.01	-0.04	-0.07	-0.23	-9.38
Other Investing Activities	-10.11	0.35	0.43	-11.29	0.23
Investing Cash Flow	12.24	3.91	13.11	-19.49	-38.8
Issuance of Common Stock	-7.16	0.36	-8.22	-	0
Repurchase of Common Stock	-	-	-	-10.66	-12.38
Net Common Stock Issued (Repurchased)	-7.16	0.36	-8.22	-10.66	-12.38
Common Dividends Paid	-44.52	-44.4	-44.33	-44.48	-43.4
Other Financing Activities	-4.06	-1.4	-10.37	15.2	4
Financing Cash Flow	-55.75	-45.44	-62.92	-39.94	-51.78
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.12	0.45	-0.19	0.15	0.32
Net Cash Flow	29.05	22.49	-7.91	-14.3	-15.91
Free Cash Flow	72.39	63.85	41.66	44.64	74.12
Free Cash Flow Growth	13.38%	53.24%	-6.67%	-39.78%	-3.79%
FCF Margin	27.38%	28.24%	21.09%	24.07%	32.85%
Free Cash Flow Per Share	0.73	0.65	0.43	0.45	0.74
Levered Free Cash Flow	56.93	41.44	27.02	22.93	55.41
Unlevered Free Cash Flow	57.08	41.58	27.18	23.06	55.41