Ninety One 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	158	150.1	163.9	163.8	205.3	154.4
Depreciation & Amortization	14.7	13.8	13.5	14.8	15	16.6
Loss (Gain) From Sale of Assets	-	-	-	-	-14.9	0.4
Loss (Gain) From Sale of Investments	-1,111	-641.1	-568.9	-360	-479.7	-1,206
Loss (Gain) on Equity Investments	-1.8	-2.4	-1.3	-1.4	-0.4	-0.6
Stock-Based Compensation	17.2	16.2	16.5	14.2	12.1	7.8
Other Operating Activities	1,105	760.3	530.9	298.6	546.5	1,412
Change in Accounts Receivable	0.8	11.1	31.4	5.5	-13.1	-3.7
Change in Accounts Payable	7.9	0.6	-31.7	-52.2	-27.7	77.3
Change in Other Net Operating Assets	20.9	9.8	17.5	-9.4	-10.8	1.6
Operating Cash Flow	211.9	318.4	171.8	73.9	232.3	459.4
Operating Cash Flow Growth	10.13%	85.33%	132.48%	-68.19%	-49.43%	-43.54%
Capital Expenditures	-4.2	-4.4	-2.5	-1.2	-1.4	-19.4
Divestitures	-	-	-	-	17.7	-
Investment in Securities	-0.4	-3.4	-1.9	3.6	12.9	-389.3
Investing Cash Flow	-4.3	-7.8	-4.4	2.4	29.2	-408.7
Long-Term Debt Repaid	-	-10.1	-10.1	-10.3	-5.3	-4
Net Debt Issued (Repaid)	-10.5	-10.1	-10.1	-10.3	-5.3	-4
Repurchase of Common Stock	-43.7	-48.1	-37.9	-23.8	-16.7	-9.6
Common Dividends Paid	-109.7	-107.2	-115.8	-130.2	-123.7	-53.9
Other Financing Activities	-	-	-	-	-	-1.4
Financing Cash Flow	-163.9	-165.4	-163.8	-164.3	-145.7	-68.9
Foreign Exchange Rate Adjustments	-16.8	-2.6	-17.4	-35.4	7.5	28.6
Net Cash Flow	26.9	142.6	-13.8	-123.4	123.3	10.4
Free Cash Flow	207.7	314	169.3	72.7	230.9	440
Free Cash Flow Growth	9.37%	85.47%	132.88%	-68.52%	-47.52%	-45.01%
Free Cash Flow Margin	34.11%	52.81%	28.77%	11.59%	34.78%	70.39%
Free Cash Flow Per Share	0.24	0.36	0.19	0.08	0.25	0.48
Cash Interest Paid	3	3.3	3.6	3.8	1.9	1.4
Cash Income Tax Paid	38.8	43.7	59.8	54.2	69.7	48.9
Levered Free Cash Flow	113.71	140.56	125.55	125.6	191.85	149.33
Unlevered Free Cash Flow	115.59	142.63	127.99	127.98	194.35	151.76
Change in Working Capital	29.6	21.5	17.2	-56.1	-51.6	75.2

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.