Regal Partners Cash Flow Statement

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

Millions AUD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	42.28	66.24	1.6	12.44	59.86
Depreciation & Amortization	17.56	14.76	5.45	5.96	5.06
Loss (Gain) From Sale of Investments	-17.08	-17.08	-7.45	7.88	-3.56
Loss (Gain) on Equity Investments	-4.35	-4.35	-0.83	-0.1	-0.25
Stock-Based Compensation	13.48	13.48	26.16	8.66	0.26
Other Operating Activities	20.49	-13.08	-5.5	0.41	0.52
Change in Accounts Receivable	-3.4	-3.4	-10.52	42.84	5.32
Change in Accounts Payable	-3.33	-3.33	5.75	-8.96	-26.19
Change in Unearned Revenue	-17.27	-17.27	0.47	-2.62	-
Change in Income Taxes	16.46	16.46	5.88	-5.8	-14.82
Change in Other Net Operating Assets	-0.17	-0.17	-4.88	-29.21	17.69
Operating Cash Flow	64.67	52.27	16.12	31.49	43.88
Operating Cash Flow Growth	-	224.27%	-48.82%	-28.23%	-
Capital Expenditures	-1.96	-0.82	-0.72	-0.65	-0.16
Cash Acquisitions	-30.86	-30.88	-17.57	41.46	1.64
Sale (Purchase) of Intangibles	-	-	-0.2	-2.2	-
Investment in Securities	21.6	103.33	-34.82	-96.45	2.13
Other Investing Activities	0.78	0.5	1.65	3.49	-
Investing Cash Flow	-10.49	72.14	-49.55	-53.86	3.75
Long-Term Debt Issued	-	-	42	-	-
Long-Term Debt Repaid	-	-44.65	-2.06	-2.22	-0.99
Net Debt Issued (Repaid)	-5.55	-44.65	39.94	-2.22	-0.99
Issuance of Common Stock	-	-	-	109.99	-
Repurchase of Common Stock	-	-	-6.06	-	-
Common Dividends Paid	-66.75	-44.57	-22.54	-32.04	-18
Other Financing Activities	-3.22	-1.56	-0.71	-2.18	-
Financing Cash Flow	-75.52	-90.77	10.64	45.55	-38.99
Foreign Exchange Rate Adjustments	0.91	1.37	0.26	-0.02	-
Net Cash Flow	-20.44	35	-22.54	23.17	8.64
Free Cash Flow	62.71	51.44	15.39	30.84	43.72
Free Cash Flow Growth	-	234.18%	-50.09%	-29.46%	-
Free Cash Flow Margin	25.55%	19.98%	14.62%	34.92%	29.15%
Free Cash Flow Per Share	0.17	0.16	0.05	0.15	0.26
Cash Interest Paid	2.83	1.56	0.71	-	-
Cash Income Tax Paid	38	19.55	3.94	16.14	40.29
Levered Free Cash Flow	90.3	99.11	34.53	38.22	-
Unlevered Free Cash Flow	90.3	99.11	34.53	38.22	-
Change in Working Capital	-7.72	-7.72	-3.3	-3.75	-18

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