LON:MAB1 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	22.1	22.89	16.18	17.35	23.18
Depreciation & Amortization	10.67	7.56	7.55	4.02	1.33
Stock-Based Compensation	4.41	2.55	4.43	2.98	1.21
Other Adjustments	-5.65	-5.21	-7.27	-0.92	-4.57
Changes in Accrued Interest and Accounts Receivable	-2.55	-1.18	1.43	-1.32	-1.48
Changes in Accounts Payable	4.65	3.17	-0.28	0.83	6.05
Changes in Other Operating Activities	0.75	0.26	2.6	1.49	1.19
Operating Cash Flow	34.37	30.03	23.74	24.34	26.87
Operating Cash Flow Growth	14.46%	26.51%	-2.48%	-9.40%	50.79%
Net Change in Securities and Investments	-	-	-	-	-2.5
Payments for Business Acquisitions	-5.85	-2.25	-1.65	-50.48	-5.01
Proceeds from Business Divestments	-	-	-	0.12	0.33
Capital Expenditures	-1.23	-0.38	-0.93	-3.23	-0.21
Purchases of Intangible Assets	-5.01	-2.61	-1.12	-0.62	-
Other Investing Activities	-0.43	-0.05	-	-	-
Investing Cash Flow	-10.78	-5.04	-2.52	-54.21	-7.38
Long-Term Debt Issued	-	-	-	22.92	-
Long-Term Debt Repaid	-4.08	-5.22	-6.26	-23.94	-0.35
Net Long-Term Debt Issued (Repaid)	-4.08	-5.22	-6.26	-1.02	-0.35
Issuance of Common Stock	-	-	-	40	-
Net Common Stock Issued (Repurchased)	-	-	-	40	-
Common Dividends Paid	-12.75	-16.17	-16.04	-16.02	-17.34
Other Financing Activities	-2.51	-1.63	-2.15	-2.14	-0.41
Financing Cash Flow	-21.09	-23.26	-24.74	20.92	-18.05
Net Cash Flow	2.51	1.74	-3.52	-8.95	1.43
Free Cash Flow	33.15	29.65	22.81	21.11	26.66
Free Cash Flow Growth	11.79%	30.01%	8.02%	-20.82%	52.26%
FCF Margin	10.45%	11.15%	9.40%	9.13%	14.02%
Free Cash Flow Per Share	0.57	0.51	0.40	0.37	0.50