Greggs 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 27, 2025	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	122.2	153.4	142.5	120.3	117.5
Depreciation & Amortization	155.9	135.8	121.1	110.8	102.9
Other Amortization	4.7	4.2	3.9	4.7	4.5
Loss (Gain) From Sale of Assets	1.7	-11.8	2	1	0.9
Asset Writedown & Restructuring Costs	6.9	5	3.9	1.2	-3.5
Stock-Based Compensation	1.5	4.5	4.6	3.6	2.2
Other Operating Activities	14.3	13.8	27.1	12.9	8.6
Change in Accounts Receivable	-7.4	-8.1	-3.6	-12.4	1.8
Change in Inventory	-0.4	-6.4	-8.2	-12.7	-5.4
Change in Accounts Payable	31.6	24.9	18	30.8	58.9
Change in Other Net Operating Assets	6	-4.4	-0.5	-8.7	-2.9
Operating Cash Flow	337	310.9	310.8	251.5	285.5
Operating Cash Flow Growth	8.39%	0.03%	23.58%	-11.91%	554.82%
Capital Expenditures	-263.3	-230	-189.5	-100	-50.5
Sale of Property, Plant & Equipment	0.9	16.1	0.8	2.5	0.3
Sale (Purchase) of Intangibles	-22.1	-10.9	-8.6	-3.3	-3.8
Other Investing Activities	-	7.7	6.1	1.4	-
Investing Cash Flow	-284.5	-217.1	-191.2	-99.4	-54
Long-Term Debt Issued	40	-	-	-	-
Total Debt Issued	40	-	-	-	-
Long-Term Debt Repaid	-78.3	-56.7	-53.7	-52.7	-49
Total Debt Repaid	-78.3	-56.7	-53.7	-52.7	-49
Net Debt Issued (Repaid)	-38.3	-56.7	-53.7	-52.7	-49
Issuance of Common Stock	1.6	4.7	3.6	3.1	4.6
Repurchase of Common Stock	-	-5	-5	-11	-10
Common Dividends Paid	-70.3	-66.1	-60.8	-57.9	-15.3
Financing Cash Flow	-107	-163.8	-115.9	-159.1	-69.7
Net Cash Flow	-54.5	-70	3.7	-7	161.8
Free Cash Flow	73.7	80.9	121.3	151.5	235
Free Cash Flow Growth	-8.90%	-33.31%	-19.93%	-35.53%	-
Free Cash Flow Margin	3.43%	4.02%	6.70%	10.02%	19.11%
Free Cash Flow Per Share	0.72	0.79	1.19	1.48	2.29
Cash Interest Paid	17.3	14	10.3	7.5	7.4
Cash Income Tax Paid	31.5	27.7	11.9	13.3	19.2
Levered Free Cash Flow	4.31	41.75	48.5	122.16	200.68
Unlevered Free Cash Flow	15.19	50.44	54.94	126.85	205.3
Change in Working Capital	29.8	6	5.7	-3	52.4

Updated Dec 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.