Regal Partners Cash Flow Statement

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	130.55	66.24	1.6	12.44	59.86
Depreciation & Amortization	18.48	14.76	5.45	5.96	5.06
Loss (Gain) From Sale of Investments	-15.8	-17.08	-7.45	7.88	-3.56
Loss (Gain) on Equity Investments	-8.36	-4.35	-0.83	-0.1	-0.25
Stock-Based Compensation	-31.54	13.48	26.16	8.66	0.26
Other Operating Activities	-2.12	-13.08	-5.5	0.41	0.52
Change in Accounts Receivable	-78.62	-3.4	-10.52	42.84	5.32
Change in Accounts Payable	15.17	-3.33	5.75	-8.96	-26.19
Change in Unearned Revenue	-2.98	-17.27	0.47	-2.62	-
Change in Income Taxes	21.81	16.46	5.88	-5.8	-14.82
Change in Other Net Operating Assets	15.29	-0.17	-4.88	-29.21	17.69
Operating Cash Flow	61.88	52.27	16.12	31.49	43.88
Operating Cash Flow Growth	18.40%	224.27%	-48.82%	-28.23%	-
Capital Expenditures	-1.24	-0.82	-0.72	-0.65	-0.16
Sale of Property, Plant & Equipment	0.04	-	-	-	-
Cash Acquisitions	-	-30.88	-17.57	41.46	1.64
Sale (Purchase) of Intangibles	-	-	-0.2	-2.2	-
Investment in Securities	17.53	103.33	-34.82	-96.45	2.13
Other Investing Activities	-1.29	0.5	1.65	3.49	-
Investing Cash Flow	15.05	72.14	-49.55	-53.86	3.75
Long-Term Debt Issued	131	-	42	-	-
Long-Term Debt Repaid	-135.39	-44.65	-2.06	-2.22	-0.99
Net Debt Issued (Repaid)	-4.39	-44.65	39.94	-2.22	-0.99
Issuance of Common Stock	-	-	-	109.99	-
Repurchase of Common Stock	-	-	-6.06	-	-
Common Dividends Paid	-61.81	-44.57	-22.54	-32.04	-18
Other Financing Activities	-1.74	-1.56	-0.71	-2.18	-
Financing Cash Flow	-67.94	-90.77	10.64	45.55	-38.99
Foreign Exchange Rate Adjustments	-1.25	1.37	0.26	-0.02	-
Net Cash Flow	7.74	35	-22.54	23.17	8.64
Free Cash Flow	60.65	51.44	15.39	30.84	43.72
Free Cash Flow Growth	17.89%	234.18%	-50.09%	-29.46%	-
Free Cash Flow Margin	16.07%	19.98%	14.62%	34.92%	29.15%
Free Cash Flow Per Share	0.16	0.16	0.05	0.15	0.26
Cash Interest Paid	1.74	1.56	0.71	-	-
Cash Income Tax Paid	34.15	19.55	3.94	16.14	40.29
Levered Free Cash Flow	39.73	119.03	34.53	38.22	-
Unlevered Free Cash Flow	39.73	119.03	34.53	38.22	-
Change in Working Capital	-29.34	-7.72	-3.3	-3.75	-18

Source: S&P Global Market Intelligence. Standard template. Financial Sources.