Associated British Foods Cash Flow Statement

Financials in millions GBP. Fiscal year is October - September.

Millions GBP. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 28, 2026	Sep '25 Sep 13, 2025	Sep '24 Sep 14, 2024	Sep '23 Sep 16, 2023	Sep '22 Sep 17, 2022	Sep '21 Sep 18, 2021
Net Income	1,353	1,413	1,917	1,340	1,076	725
Depreciation & Amortization	1,015	988	949	886	870	897
Stock-Based Compensation	12	18	31	18	19	17
Other Adjustments	190	236	-19	3	218	156
Change in Receivables	-45	-13	23	-107	-288	-98
Changes in Inventories	9	-223	169	-94	-953	-120
Changes in Accounts Payable	32	141	113	-15	512	175
Changes in Income Taxes Payable	-281	-298	-340	-341	-304	-298
Changes in Other Operating Activities	-28	-31	31	-36	3	-41
Operating Cash Flow	2,257	2,231	2,874	1,654	1,153	1,413
Operating Cash Flow Growth	-7.99%	-22.37%	73.76%	43.45%	-18.40%	-19.39%
Capital Expenditures	-1,073	-1,099	-1,124	-997	-680	-551
Sale of Property, Plant & Equipment	20	13	43	48	30	21
Purchases of Intangible Assets	-125	-135	-60	-76	-89	-76
Purchases of Investments	-20	-6	-4	-4	-7	-14
Payments for Business Acquisitions	-3	-8	-93	-94	-154	-57
Proceeds from Business Divestments	-8	-8	24	4	-	34
Other Investing Activities	228	514	-118	216	156	82
Investing Cash Flow	-981	-721	-1,332	-903	-744	-561
Short-Term Debt Issued	5	2	-50	-13	-12	-10
Net Short-Term Debt Issued (Repaid)	5	2	-50	-13	-12	-10
Long-Term Debt Issued	25	-6	66	-	178	-18
Net Long-Term Debt Issued (Repaid)	25	-6	66	-	178	-18
Repurchase of Common Stock	-380	-629	-582	-494	-50	-
Net Common Stock Issued (Repurchased)	-380	-629	-582	-494	-50	-
Common Dividends Paid	-449	-656	-502	-345	-380	-49
Other Financing Activities	-506	-502	-501	-433	-413	-435
Financing Cash Flow	-1,305	-1,791	-1,569	-1,285	-677	-512
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-43	-28	-126	-73	74	-60
Net Cash Flow	-29	-281	-27	-534	-268	340
Free Cash Flow	1,184	1,132	1,750	657	473	862
Free Cash Flow Growth	4.59%	-35.31%	166.36%	38.90%	-45.13%	-27.68%
FCF Margin	6.10%	5.82%	8.72%	3.33%	2.78%	6.21%
Free Cash Flow Per Share	1.66	1.56	2.33	0.84	0.60	1.09
Levered Free Cash Flow	654	499	1,269	434	314	512
Unlevered Free Cash Flow	668.77	551.1	1,310	502.88	220.86	630.75

Updated Feb 28, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.