MS INTERNATIONAL Cash Flow Statement

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

Millions GBP. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 30, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	14.36	14.53	11.5	4.12	4.93	1.18
Depreciation & Amortization	2.69	2.6	2.19	2.27	1.96	1.89
Other Amortization	0.01	0.01	0.02	0.02	0.01	0.01
Loss (Gain) From Sale of Assets	-0.12	-0.19	-0.21	-0.11	-0.17	-0.07
Asset Writedown & Restructuring Costs	-	-	-	0.39	0.35	0.36
Loss (Gain) on Equity Investments	-	-	-0.01	0.04	-	-0.03
Stock-Based Compensation	0.08	0.08	0.07	0.09	-	-
Other Operating Activities	2.74	-0.1	0.63	0.02	0.62	1.76
Change in Accounts Receivable	-7.74	-13.11	-19.26	5.51	-0.93	-6.83
Change in Inventory	11.91	-5.86	-0.61	-8.33	-3.66	3.38
Change in Accounts Payable	-1.49	-3.33	6.64	-0.01	1.34	1.16
Change in Unearned Revenue	-12.58	2.06	37.99	-3.73	-3.66	7.82
Change in Other Net Operating Assets	1.67	0.07	-2.33	-0.68	-0.9	-0.84
Operating Cash Flow	11.52	-3.25	36.6	-0.4	-0.1	9.79
Capital Expenditures	-3.82	-3.73	-4.9	-1.97	-2.7	-0.78
Sale of Property, Plant & Equipment	0.18	0.28	0.31	0.24	0.23	0.1
Cash Acquisitions	-	-	-	-	-	-0.09
Sale (Purchase) of Intangibles	-0.32	-0.02	-0.14	-	-0.05	-
Other Investing Activities	2.77	3.13	-4.25	-1.76	5.01	-6.17
Investing Cash Flow	-1.19	-0.34	-8.98	-3.49	2.48	-6.94
Long-Term Debt Repaid	-	-0.39	-0.41	-0.42	-0.41	-0.33
Net Debt Issued (Repaid)	-0.4	-0.39	-0.41	-0.42	-0.41	-0.33
Issuance of Common Stock	0.29	0.35	0.32	-	-	-
Repurchase of Common Stock	-	-4.48	-1.68	-	-	-0.64
Common Dividends Paid	-3.74	-3.51	-2.61	-1.52	-1.32	-0.58
Financing Cash Flow	-3.85	-8.03	-4.38	-1.94	-1.72	-1.54
Foreign Exchange Rate Adjustments	-0	-0.15	-0.07	0.07	0.05	-0.04
Net Cash Flow	6.47	-11.76	23.17	-5.76	0.7	1.27
Free Cash Flow	7.7	-6.98	31.7	-2.37	-2.8	9
Free Cash Flow Margin	6.49%	-5.94%	28.93%	-2.82%	-3.76%	14.63%
Free Cash Flow Per Share	0.46	-0.42	1.86	-0.14	-0.17	0.54
Cash Income Tax Paid	1.41	5.52	3.8	0.76	0.45	-0.46
Levered Free Cash Flow	0.57	-5.16	14.3	-4.73	1.42	2.22
Unlevered Free Cash Flow	0.59	-5.15	14.37	-4.64	1.48	2.28
Change in Working Capital	-8.23	-20.17	22.42	-7.22	-7.81	4.69

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