Workspace Group 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
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
Net Income	-75.9	5.4	-192.5	-37.8	123.9	-235.7
Depreciation & Amortization	2.1	2.3	2.3	2.3	2.7	2.9
Other Amortization	2.2	2.4	2	2.5	1.1	0.9
Gain (Loss) on Sale of Assets	2.4	1.9	6.4	5.8	-7.8	0.1
Asset Writedown	131.2	55.9	251.2	88	-68.7	257.7
Stock-Based Compensation	2.6	2.7	3.3	1.4	1.6	2.5
Change in Accounts Receivable	6.8	5.7	-2.9	-6.4	1.4	-4.4
Change in Accounts Payable	-3.1	-2.1	-16.2	17.6	7.4	-1.1
Other Operating Activities	2.9	2.4	0.3	5.4	-3.7	15.5
Operating Cash Flow	71.2	76.6	53.9	78.8	57.9	38.4
Operating Cash Flow Growth	-4.43%	42.12%	-31.60%	36.10%	50.78%	-54.66%
Acquisition of Real Estate Assets	-64.2	-60.7	-72.1	-243.7	-118.9	-24.8
Sale of Real Estate Assets	73.7	76.9	118.5	48.5	117.3	11
Net Sale / Acq. of Real Estate Assets	9.5	16.2	46.4	-195.2	-1.6	-13.8
Investment in Marketable & Equity Securities	-	-	-	-	6.8	-
Other Investing Activities	1.3	0.7	0.3	-4.2	4.5	0.1
Investing Cash Flow	10.9	16.5	45.9	-200.2	9.2	-14.9
Long-Term Debt Issued	-	341.5	156	286	25	353.5
Long-Term Debt Repaid	-	-355.5	-211	-150	-173.5	-217
Net Debt Issued (Repaid)	-24.8	-14	-55	136	-148.5	136.5
Issuance of Common Stock	-	-	-	-	-	0.1
Repurchase of Common Stock	-0.3	-	-	-	-0.3	-
Common Dividends Paid	-52.7	-54.5	-50.6	-43.9	-44.8	-44.2
Other Financing Activities	-4.8	-3.5	-1.1	-1.2	-15.5	-4.1
Net Cash Flow	-0.5	21.1	-6.9	-30.5	-142	111.8
Cash Interest Paid	32.5	29.8	34.6	33.3	23.9	25.4
Cash Income Tax Paid	-	-	-	-	-	0.6
Levered Free Cash Flow	2.53	71.98	99.53	-14.19	-35.09	48.09
Unlevered Free Cash Flow	22.14	90.55	119.76	5.44	-23.38	62.06
Change in Working Capital	3.7	3.6	-19.1	11.2	8.8	-5.5

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