Gamma Communications 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	64.9	69.8	53.6	49.3	53.6
Depreciation & Amortization	25.7	22.6	20.8	20.9	19.7
Other Amortization	14.3	11.2	10.5	6.3	7.4
Loss (Gain) From Sale of Assets	-	-	-	0.3	-
Asset Writedown & Restructuring Costs	-	-	12.7	12.2	-
Stock-Based Compensation	2.2	2.7	2.7	4.3	4.8
Other Operating Activities	-4	-4.7	-1.9	0.8	1.4
Change in Accounts Receivable	-6.8	-1.7	6.7	-10.1	-5.4
Change in Inventory	3.4	-1.7	-1	-2.6	0.2
Change in Accounts Payable	-6	-4.8	2.1	4.1	-6.2
Change in Unearned Revenue	-6.1	2	-1.5	-0.4	1.5
Change in Other Net Operating Assets	0.8	-2.5	3.5	-0.4	-0.5
Operating Cash Flow	88.4	92.9	108.2	84.7	76.5
Operating Cash Flow Growth	-4.84%	-14.14%	27.74%	10.72%	36.12%
Capital Expenditures	-4.8	-4.9	-5.6	-6.8	-9.1
Sale of Property, Plant & Equipment	-	-	-	0.4	-
Cash Acquisitions	-144.7	-15.4	-22.8	-9.8	-49.3
Divestitures	-	-	-	-0.3	-
Sale (Purchase) of Intangibles	-19.5	-14.3	-17.4	-13.9	-7.7
Other Investing Activities	2.3	7.1	4.9	0.8	0.2
Investing Cash Flow	-166.7	-27.5	-40.9	-29.6	-65.9
Long-Term Debt Issued	108.5	-	-	-	-
Long-Term Debt Repaid	-95.2	-4.8	-10.5	-3.5	-5.4
Net Debt Issued (Repaid)	13.3	-4.8	-10.5	-3.5	-5.4
Issuance of Common Stock	0.9	1.8	1.9	3.1	5.9
Repurchase of Common Stock	-45.1	-27.3	-	-	-
Common Dividends Paid	-18.9	-17.3	-15.2	-13.3	-11.7
Other Financing Activities	-3	-	-1.4	-0.1	-0.5
Financing Cash Flow	-52.8	-47.6	-25.2	-13.8	-11.7
Foreign Exchange Rate Adjustments	1.1	-0.6	-0.2	0.5	-
Net Cash Flow	-130	17.2	41.9	41.8	-1.1
Free Cash Flow	83.6	88	102.6	77.9	67.4
Free Cash Flow Growth	-5.00%	-14.23%	31.71%	15.58%	44.32%
Free Cash Flow Margin	12.95%	15.19%	19.67%	16.07%	15.05%
Free Cash Flow Per Share	0.89	0.91	1.05	0.80	0.69
Cash Interest Paid	3	-	0.1	0.1	0.5
Cash Income Tax Paid	26.7	23.9	15.3	14.4	13.3
Levered Free Cash Flow	87.56	77.35	81.16	51.04	42.65
Unlevered Free Cash Flow	89.94	77.54	81.48	51.35	43.09
Change in Working Capital	-14.7	-8.7	9.8	-9.4	-10.4

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