Switch Metals Cash Flow Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Jan '24 Jan 31, 2024
Net Income	-2.23	-0.91	-0.28
Depreciation & Amortization	0.74	-	-
Stock-Based Compensation	0.42	0.08	0.07
Other Operating Activities	-0.01	0	-
Change in Accounts Receivable	-0.07	-0.03	-0.03
Change in Accounts Payable	-0.14	0.44	-0.01
Operating Cash Flow	-1.3	-0.41	-0.24
Capital Expenditures	-0.44	-	-
Investing Cash Flow	-0.44	-0.42	-
Long-Term Debt Issued	0.23	-	-
Total Debt Issued	0.23	0.05	-
Net Debt Issued (Repaid)	0.23	0.05	-
Issuance of Common Stock	2	-	0.99
Financing Cash Flow	2.23	0.05	0.99
Foreign Exchange Rate Adjustments	-0.02	-	-
Net Cash Flow	0.47	-0.78	0.75
Free Cash Flow	-1.74	-0.41	-0.24
Free Cash Flow Per Share	-0.02	-0.01	-0.01
Levered Free Cash Flow	-1.18	-	-
Unlevered Free Cash Flow	-1.1	-	-
Change in Working Capital	-0.21	0.41	-0.04