Braemar Cash Flow Statement

Financials in millions GBP. Fiscal year is March - February.

Millions GBP. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	2.28	6.1	4.62	4.6	13.92
Depreciation & Amortization	4.02	3.64	3.58	3.17	3.14
Other Amortization	0.1	0.17	0.23	0.19	0.35
Loss (Gain) From Sale of Assets	0.02	0	-	0.11	0.01
Asset Writedown & Restructuring Costs	0.41	0.74	-	9.26	0.39
Loss (Gain) From Sale of Investments	-0.22	-0.09	0.15	0.85	-
Loss (Gain) on Equity Investments	-	-	-0.01	0.02	-0.06
Stock-Based Compensation	2.39	5.4	6.39	4.52	2.89
Other Operating Activities	0.96	1.97	-3.66	-4.51	-7.81
Change in Accounts Receivable	0.38	-2.15	6.25	-14.86	-7.58
Change in Accounts Payable	3.63	-9.85	-12.14	16.84	12.57
Change in Other Net Operating Assets	-1.85	0.01	-0.14	2.08	0.29
Operating Cash Flow	12.11	5.94	5.18	22.06	20.47
Operating Cash Flow Growth	103.86%	14.65%	-76.51%	7.80%	61.06%
Capital Expenditures	-1.4	-0.62	-0.5	-0.7	-0.65
Cash Acquisitions	-	-	-	0.35	-
Sale (Purchase) of Intangibles	-0.01	-	-0.03	-0.09	-0.52
Investment in Securities	0.93	-	-	-	6.91
Other Investing Activities	1.7	1.67	1.4	6.5	-12.41
Investing Cash Flow	1.21	1.29	1.49	6.67	-5.87
Long-Term Debt Issued	4.5	-	4.5	7.69	8.29
Total Debt Issued	4.5	-	4.5	7.69	8.29
Long-Term Debt Repaid	-6.47	-7.69	-8.84	-8.31	-14.22
Total Debt Repaid	-6.47	-7.69	-8.84	-8.31	-14.22
Net Debt Issued (Repaid)	-1.97	-7.69	-4.34	-0.62	-5.93
Issuance of Common Stock	-	0.51	0.83	1.17	-
Repurchase of Common Stock	-6.16	-2.38	-6.13	-7.96	-7.04
Common Dividends Paid	-1.55	-5.5	-2.44	-3.19	-2.11
Financing Cash Flow	-9.69	-15.05	-12.08	-10.6	-15.08
Foreign Exchange Rate Adjustments	-0.75	0.34	-1.38	2.64	0.28
Net Cash Flow	2.89	-7.47	-6.78	20.77	-0.2
Free Cash Flow	10.71	5.33	4.68	21.37	19.82
Free Cash Flow Growth	101.14%	13.83%	-78.10%	7.84%	62.35%
Free Cash Flow Margin	7.90%	3.75%	3.06%	13.98%	19.56%
Free Cash Flow Per Share	-	0.14	0.13	0.61	0.53
Cash Interest Paid	2.65	2.61	2.68	1.93	0.92
Cash Income Tax Paid	1.94	1.02	6.47	4.38	2.16
Levered Free Cash Flow	11.44	6.93	7.25	31.62	7.66
Unlevered Free Cash Flow	13.16	8.63	9.01	32.71	8.53
Change in Working Capital	2.16	-12	-6.03	4.06	5.28

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