Funding Circle Holdings 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 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	46	8.6	-38.3	-6.9	61.2
Depreciation & Amortization	2.3	3.2	4.3	5.1	5.9
Other Amortization	8.7	9.8	12.4	10.1	8
Asset Writedown & Restructuring Costs	0.1	1.2	6.2	-3.2	-25.6
Loss (Gain) From Sale of Investments	6.7	-6.4	-8.7	-	-
Loss (Gain) on Equity Investments	-	-	-0.1	-0.4	-0.9
Stock-Based Compensation	5	8.1	5.6	4.7	8.5
Provision & Write-off of Bad Debts	18.3	8.7	4.4	-	-
Other Operating Activities	-112	-69.5	-9.3	-22.6	-6.4
Change in Accounts Receivable	-11.4	-3.1	-13.5	8.8	46.4
Change in Accounts Payable	2.5	-26.6	34.7	-3.7	1.4
Operating Cash Flow	-33.8	-67.4	-25.6	-8.1	98.5
Operating Cash Flow Growth	-	-	-	-	197.58%
Capital Expenditures	-0.6	-2.9	-0.7	-1.2	-0.8
Divestitures	-	7.5	-	-	-
Sale (Purchase) of Intangibles	-8.9	-9	-11.5	-12.7	-8.6
Investment in Securities	8	11.4	5.9	8.7	-14.9
Other Investing Activities	-	-	0.1	0.3	0.1
Investing Cash Flow	-126.2	23.3	66.4	159.7	312.5
Long-Term Debt Issued	176.8	52.6	55.8	-	208.2
Total Debt Issued	176.8	52.6	55.8	-	208.2
Short-Term Debt Repaid	-	-	-23.4	-129.1	-160.6
Long-Term Debt Repaid	-13.3	-9.6	-28.1	-65.2	-339.4
Total Debt Repaid	-13.3	-9.6	-51.5	-194.3	-500
Net Debt Issued (Repaid)	163.5	43	4.3	-194.3	-291.8
Issuance of Common Stock	0.4	0.5	-	0.1	0.4
Repurchase of Common Stock	-39.2	-33.7	-1.8	-8.7	-
Other Financing Activities	-	0.4	1.2	1.2	0.2
Financing Cash Flow	124.7	10.2	3.7	-201.7	-291.2
Foreign Exchange Rate Adjustments	0.1	0.1	-0.8	3.8	0.9
Net Cash Flow	-35.2	-33.8	43.7	-46.3	120.7
Free Cash Flow	-34.4	-70.3	-26.3	-9.3	97.7
Free Cash Flow Growth	-	-	-	-	202.48%
Free Cash Flow Margin	-16.84%	-43.91%	-20.21%	-5.97%	41.49%
Free Cash Flow Per Share	-0.10	-0.18	-0.08	-0.03	0.26
Cash Income Tax Paid	-2.1	0.1	0.6	1	3.1
Levered Free Cash Flow	-53.45	-60.31	-9.41	-13.84	92.68
Unlevered Free Cash Flow	-53.45	-60.31	-9.41	-13.84	93.36
Change in Working Capital	-8.9	-29.7	21.2	5.1	47.8

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