Drax Group 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	73	526.6	562.2	85.1	79.7
Depreciation & Amortization	244.8	231.7	212.4	230.4	188.9
Other Amortization	-	10.1	11	15.1	16.2
Loss (Gain) on Sale of Assets	5.4	11.2	2.6	5.5	-6.8
Loss (Gain) on Sale of Investments	3.6	-	-	-	-
Loss (Gain) on Equity Investments	1.6	2.2	1.6	-0.5	-0.3
Asset Writedown	374.1	14.4	70.8	41.5	-
Stock-Based Compensation	15.7	14	13.9	9.6	7.4
Change in Accounts Receivable	136.2	392.2	71.4	-379	-27.4
Change in Inventory	76.5	25.2	20.6	-133.4	37.4
Change in Accounts Payable	-110.2	-142.7	-30.8	431.8	15
Change in Other Net Operating Assets	-16.2	-152.5	37	-332.8	-7.3
Other Operating Activities	5.5	-72.9	-137.1	234.4	-20.4
Net Cash from Discontinued Operations	-	-	-	-	24.1
Operating Cash Flow	810	859.5	835.6	207.7	306.5
Operating Cash Flow Growth	-5.76%	2.86%	302.31%	-32.23%	0.10%
Capital Expenditures	-282	-379.8	-429.8	-163.9	-191
Sale of Property, Plant & Equipment	9	0.5	-	1.6	0.7
Cash Acquisitions	-	-	-9	-7.6	-203.5
Divestitures	-	-	-	-	183.7
Sale (Purchase) of Intangibles	-12.2	-7.7	-11.3	-10.8	-18.7
Investment in Securities	-2	-2.9	-1.7	-	-
Investing Cash Flow	-287.2	-389.9	-451.8	-180.7	-228.8
Long-Term Debt Issued	-	731.8	140	188.5	302.6
Long-Term Debt Repaid	-261.7	-976.6	-151.1	-204.4	-269.5
Net Debt Issued (Repaid)	-261.7	-244.8	-11.1	-15.9	33.1
Issuance of Common Stock	5	2.7	8.6	1.2	2.4
Repurchase of Common Stock	-221.1	-115.4	-149.2	-	-
Common Dividends Paid	-95.7	-93.5	-86.3	-78.9	-70.9
Other Financing Activities	-5.4	-40.6	0.1	-18.3	-15
Financing Cash Flow	-578.9	-491.6	-237.9	-111.9	-50.4
Foreign Exchange Rate Adjustments	2.2	-1.5	-4.4	5.5	0.3
Net Cash Flow	-53.9	-23.5	141.5	-79.4	27.6
Free Cash Flow	528	479.7	405.8	43.8	115.5
Free Cash Flow Growth	10.07%	18.21%	826.48%	-62.08%	-18.89%
Free Cash Flow Margin	9.79%	7.78%	5.25%	0.56%	2.27%
Free Cash Flow Per Share	1.46	1.23	1.01	0.11	0.28
Cash Interest Paid	96.4	99.5	106.1	77.2	60.5
Cash Income Tax Paid	109.5	193.6	180	38.7	-12.4
Levered Free Cash Flow	513.56	445.19	192.86	-23.28	263.84
Unlevered Free Cash Flow	560.69	510.31	263.61	21.56	301.76
Change in Working Capital	86.3	122.2	98.2	-413.4	17.7

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