LON:IPF Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	38	27.6	42.5	50.7	41.7	116.3
Cash & Short-Term Investments	38	27.6	42.5	50.7	41.7	116.3
Cash Growth	-56.07%	-35.06%	-16.17%	21.58%	-64.14%	210.96%
Accounts Receivable	674.1	624.4	689.6	656.6	566.6	532.6
Other Receivables	34.2	29.7	9.6	9	8.4	3.6
Receivables	708.3	654.1	699.2	665.6	575	536.2
Prepaid Expenses	-	9.3	9.7	8.8	7.2	7.8
Other Current Assets	3.6	2.6	2.9	4.5	0.7	0.5
Total Current Assets	749.9	693.6	754.3	729.6	624.6	660.8
Property, Plant & Equipment	33.2	31.7	37.7	36.6	31.5	32.9
Goodwill	23.3	22.6	23.6	24.2	22.9	24.4
Other Intangible Assets	42.4	37.1	32.3	27.9	25.2	30.2
Long-Term Accounts Receivable	263.7	245.6	203.3	212.2	150.2	136.5
Long-Term Deferred Tax Assets	108.7	106.7	131.7	138.5	124.7	135.7
Other Long-Term Assets	4.6	4.4	6.1	2.1	20.2	3.4
Total Assets	1,226	1,142	1,189	1,171	999.3	1,024
Accounts Payable	118	14.4	16.8	15.5	10.8	7.7
Accrued Expenses	-	50.1	57.2	53.6	58	39.9
Current Portion of Long-Term Debt	84.2	92.8	52.2	71.8	3.1	0.2
Current Portion of Leases	7.7	8.1	8.3	7.2	6.4	7.4
Current Income Taxes Payable	13.9	6	7.3	18.3	8.2	13.4
Other Current Liabilities	1.1	65	63.3	62.4	57	67.4
Total Current Liabilities	224.9	236.4	205.1	228.8	143.5	136
Long-Term Debt	481.4	423.1	459.6	477	468.5	491.8
Long-Term Leases	13.8	11.8	15.3	14.2	12.3	11.8
Long-Term Deferred Tax Liabilities	4.1	4.1	7.1	5.9	7.9	13.8
Total Liabilities	724.2	675.4	687.1	725.9	632.2	653.4
Common Stock	22.5	22.5	23.4	23.4	23.4	23.4
Retained Earnings	522.3	513.4	503.2	476	441.5	406.6
Treasury Stock	-18.3	-24.9	-36.7	-43.3	-46.6	-45.2
Comprehensive Income & Other	-24.9	-44.7	12	-10.9	-51.2	-14.3
Shareholders' Equity	501.6	466.3	501.9	445.2	367.1	370.5
Total Liabilities & Equity	1,226	1,142	1,189	1,171	999.3	1,024
Total Debt	587.1	535.8	535.4	570.2	490.3	511.2
Net Cash (Debt)	-549.1	-508.2	-492.9	-519.5	-448.6	-394.9
Net Cash Per Share	-2.37	-2.16	-2.08	-2.22	-1.91	-1.78
Filing Date Shares Outstanding	217.7	216.32	224.03	222.59	221.78	222.68
Total Common Shares Outstanding	217.7	216.32	224.03	222.59	221.78	222.68
Working Capital	525	457.2	549.2	500.8	481.1	524.8
Book Value Per Share	2.30	2.16	2.24	2.00	1.66	1.66
Tangible Book Value	435.9	406.6	446	393.1	319	315.9
Tangible Book Value Per Share	2.00	1.88	1.99	1.77	1.44	1.42
Machinery	-	103	107.6	108.8	102.7	106.5

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.