Land Securities Group Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	465	526	-227	-569	935
Depreciation & Amortization	2	4	4	5	5
Stock-Based Compensation	9	6	8	6	4
Other Adjustments	4	-70	690	1,011	-545
Change in Receivables	-56	-128	-32	-17	28
Changes in Accounts Payable	-71	43	-14	-80	21
Changes in Other Operating Activities	-139	-125	-91	-14	-67
Operating Cash Flow	214	256	338	342	381
Operating Cash Flow Growth	-16.41%	-24.26%	-1.17%	-10.24%	63.52%
Capital Expenditures	-445	-456	-328	-355	-344
Sale of Property, Plant & Equipment	734	404	176	1,269	265
Payments for Business Acquisitions	-84	-343	-137	-94	-546
Other Investing Activities	11	12	17	14	18
Investing Cash Flow	216	-383	-272	834	-607
Long-Term Debt Issued	300	963	708	394	1,053
Long-Term Debt Repaid	-338	-562	-427	-1,407	-489
Net Long-Term Debt Issued (Repaid)	-38	401	281	-1,013	564
Issuance of Common Stock	-	12	-	-	-
Repurchase of Common Stock	-27	-	-	-	-
Net Common Stock Issued (Repurchased)	-27	12	-	-	-
Common Dividends Paid	-290	-305	-291	-289	-190
Other Financing Activities	-8	-20	-19	21	-12
Financing Cash Flow	-363	88	-29	-1,281	362
Net Cash Flow	67	-39	37	-105	136
Free Cash Flow	-231	-200	10	-13	37
Free Cash Flow Growth	-	-	-	-	146.67%
FCF Margin	-25.90%	-23.75%	1.21%	-1.64%	5.45%
Free Cash Flow Per Share	-0.31	-0.27	0.01	-0.02	0.05
Levered Free Cash Flow	-348	263	-467	-2,076	1,048
Unlevered Free Cash Flow	-190.69	-3.98	-656	-1,013	550