LondonMetric Property Cash Flow Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	314.4	347.9	118.7	-506.3	734.5	257.3	Upgrade
Depreciation & Amortization	0.6	0.6	0.7	0.6	0.6	0.7	Upgrade
Other Amortization	4.7	4.3	2	1.6	1.2	1.8	Upgrade
Gain (Loss) on Sale of Assets	23.7	13	7.4	14.7	-8	-0.8	Upgrade
Gain (Loss) on Sale of Investments	-1.6	-0.9	-	-	-	-	Upgrade
Asset Writedown	-86.5	-106	7.5	577.4	-615.2	-169.9	Upgrade
Stock-Based Compensation	5.9	5.3	3.5	3.6	3.5	3.8	Upgrade
Income (Loss) on Equity Investments	-6	-6.1	0.1	10.3	-23.3	-6.9	Upgrade
Change in Accounts Receivable	9.9	7.9	-4.1	8.1	-2.6	-1.9	Upgrade
Change in Accounts Payable	8.8	-12.5	14.8	4.5	11.5	4.5	Upgrade
Other Operating Activities	68.1	63.4	-27.5	18.5	17.3	11	Upgrade
Operating Cash Flow	342	316.9	123.1	133	119.5	99.6	Upgrade
Operating Cash Flow Growth	71.69%	157.43%	-7.44%	11.30%	19.98%	57.59%	Upgrade
Acquisition of Real Estate Assets	-233	-329	-63.2	-274.9	-551.6	-254.6	Upgrade
Sale of Real Estate Assets	341.3	322.7	198.3	258.6	179.8	208.4	Upgrade
Net Sale / Acq. of Real Estate Assets	108.3	-6.3	135.1	-16.3	-371.8	-46.2	Upgrade
Cash Acquisition	-	-	73.3	-	-	-	Upgrade
Investment in Marketable & Equity Securities	-166.9	-15.9	-8.3	0.7	8.8	1.8	Upgrade
Other Investing Activities	15.5	14.3	6	-1.8	-4.2	-2	Upgrade
Investing Cash Flow	-43.1	-7.9	206.1	-17.4	-367.2	-46.4	Upgrade
Long-Term Debt Issued	-	406.8	669.2	440	1,059	316	Upgrade
Long-Term Debt Repaid	-	-433.6	-770.3	-450.8	-871.7	-409	Upgrade
Net Debt Issued (Repaid)	170.5	-26.8	-101.1	-10.8	187.3	-93	Upgrade
Issuance of Common Stock	-	-	-	-	170.2	116.6	Upgrade
Repurchase of Common Stock	-17.2	-18.7	-3	-6.4	-2.3	-5.8	Upgrade
Common Dividends Paid	-210.3	-181.4	-90.5	-83.3	-77.5	-72.4	Upgrade
Other Financing Activities	-121.2	-112.8	-55.3	-33.8	-30.1	-29	Upgrade
Net Cash Flow	120.7	-30.7	79.3	-18.7	-0.1	-30.4	Upgrade
Cash Interest Paid	103.4	98.7	43.6	32.8	23.5	20.1	Upgrade
Cash Income Tax Paid	8.4	0.6	0.6	0.3	-0.3	0.3	Upgrade
Levered Free Cash Flow	197.38	162.83	163.24	75.69	66.7	64.89	Upgrade
Unlevered Free Cash Flow	270.86	230.15	187.68	93.46	79.88	75.71	Upgrade
Change in Working Capital	18.7	-4.6	10.7	12.6	8.9	2.6	Upgrade

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