Shaftesbury Capital 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	340.2	252.1	750.4	-211.8	34.8
Depreciation & Amortization	0.9	0.7	0.4	0.2	0.2
Other Amortization	-	-	-	-2.6	-
Gain (Loss) on Sale of Assets	-	8.3	-3.5	-	5.9
Gain (Loss) on Sale of Investments	7.5	11	-39.5	247.4	-112.3
Asset Writedown	-322.5	-205.9	68.5	0.8	-1.8
Stock-Based Compensation	8.3	3.1	7.9	2.4	1.5
Income (Loss) on Equity Investments	-	-4.5	-0.2	-	-
Change in Accounts Receivable	15.6	-4.6	-27.1	2	-4.7
Change in Accounts Payable	8.5	-10.2	-14.3	2.9	-4.3
Other Operating Activities	54.6	-2.2	-758.2	-32.7	72.2
Operating Cash Flow	116.4	51.7	-13.6	7	-0.9
Operating Cash Flow Growth	125.14%	-	-	-	-
Acquisition of Real Estate Assets	-120.4	-132.7	-54.6	-11.1	-7.9
Sale of Real Estate Assets	9.4	136.6	88.1	-	94.7
Net Sale / Acq. of Real Estate Assets	-111	3.9	33.5	-11.1	86.8
Cash Acquisition	-	-	118.1	-	-
Investment in Marketable & Equity Securities	-	82.5	-	-	-
Other Investing Activities	-	16.8	4.2	18.2	14.2
Investing Cash Flow	-111	103.2	155.8	7.1	101
Long-Term Debt Issued	25	135	1,126	-	-
Long-Term Debt Repaid	-292.4	-305	-1,151	-200	-140.2
Net Debt Issued (Repaid)	-267.4	-170	-25	-200	-140.2
Issuance of Common Stock	-	-	-	1.7	-
Repurchase of Common Stock	-	-	-	-1.7	-
Common Dividends Paid	-66.7	-61.1	-41.9	-15.3	-4
Other Financing Activities	566.1	-	-5	-	-3.4
Net Cash Flow	237.4	-76.2	70.3	-201.2	-47.5
Cash Interest Paid	65.1	72	59.5	29.7	26.3
Cash Income Tax Paid	-	-	-	-0.5	1.5
Levered Free Cash Flow	65.98	30.43	61.05	42	7.08
Unlevered Free Cash Flow	105.85	75.43	103.24	59	26.89
Change in Working Capital	24.1	-14.8	-41.4	4.9	-9

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.