LON:IPF Balance Sheet

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
Cash & Equivalents	30.4	27.6	42.5	50.7	41.7
Cash & Short-Term Investments	30.4	27.6	42.5	50.7	41.7
Cash Growth	10.14%	-35.06%	-16.17%	21.58%	-64.14%
Accounts Receivable	770.2	624.4	689.6	656.6	566.6
Other Receivables	7.9	29.7	9.6	9	8.4
Receivables	778.1	654.1	699.2	665.6	575
Prepaid Expenses	10.5	9.3	9.7	8.8	7.2
Other Current Assets	1.5	2.6	2.9	4.5	0.7
Total Current Assets	820.5	693.6	754.3	729.6	624.6
Property, Plant & Equipment	36.8	31.7	37.7	36.6	31.5
Goodwill	23.8	22.6	23.6	24.2	22.9
Other Intangible Assets	52.7	37.1	32.3	27.9	25.2
Long-Term Accounts Receivable	291.1	245.6	203.3	212.2	150.2
Long-Term Deferred Tax Assets	107.4	106.7	131.7	138.5	124.7
Other Long-Term Assets	5	4.4	6.1	2.1	20.2
Total Assets	1,337	1,142	1,189	1,171	999.3
Accounts Payable	14.4	14.4	16.8	15.5	10.8
Accrued Expenses	60.3	50.1	57.2	53.6	58
Current Portion of Long-Term Debt	58.9	92.8	52.2	71.8	3.1
Current Portion of Leases	8.4	8.1	8.3	7.2	6.4
Current Income Taxes Payable	9.5	6	7.3	18.3	8.2
Other Current Liabilities	62.7	65	63.3	62.4	57
Total Current Liabilities	214.2	236.4	205.1	228.8	143.5
Long-Term Debt	558.8	423.1	459.6	477	468.5
Long-Term Leases	14.2	11.8	15.3	14.2	12.3
Long-Term Deferred Tax Liabilities	4.1	4.1	7.1	5.9	7.9
Total Liabilities	791.3	675.4	687.1	725.9	632.2
Common Stock	22.5	22.5	23.4	23.4	23.4
Retained Earnings	536.6	513.4	503.2	476	441.5
Treasury Stock	-15.4	-24.9	-36.7	-43.3	-46.6
Comprehensive Income & Other	2.3	-44.7	12	-10.9	-51.2
Shareholders' Equity	546	466.3	501.9	445.2	367.1
Total Liabilities & Equity	1,337	1,142	1,189	1,171	999.3
Total Debt	640.3	535.8	535.4	570.2	490.3
Net Cash (Debt)	-609.9	-508.2	-492.9	-519.5	-448.6
Net Cash Per Share	-2.65	-2.16	-2.08	-2.22	-1.91
Filing Date Shares Outstanding	219.36	216.32	224.03	222.59	221.78
Total Common Shares Outstanding	219.36	216.32	224.03	222.59	221.78
Working Capital	606.3	457.2	549.2	500.8	481.1
Book Value Per Share	2.49	2.16	2.24	2.00	1.66
Tangible Book Value	469.5	406.6	446	393.1	319
Tangible Book Value Per Share	2.14	1.88	1.99	1.77	1.44
Machinery	109.8	103	107.6	108.8	102.7

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