Marston's Cash Flow Statement

Financials in millions GBP. Fiscal year is October - September.

Millions GBP. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 28, 2026	Sep '25 Sep 27, 2025	Sep '24 Sep 28, 2024	Sep '23 Sep 30, 2023	Oct '22 Oct 1, 2022	Oct '21 Oct 2, 2021
Net Income	74.6	71.6	-18.5	-9.3	137.2	162.8
Depreciation & Amortization	39.2	40.3	40	40.5	39.8	38.9
Other Amortization	4.9	4.9	5.3	5	4.4	3.8
Loss (Gain) From Sale of Assets	-23.7	-23.7	-2.6	23	-24.6	84.6
Loss (Gain) From Sale of Investments	-	-	19.9	-	-	-
Loss (Gain) on Equity Investments	-	-	16.1	-9.9	-3.3	14.5
Stock-Based Compensation	1.8	1.8	2	0.4	0.5	1.2
Other Operating Activities	92	101.3	137	120.5	11.8	25.8
Change in Accounts Receivable	-3.8	-3.8	0.8	4.7	-7.4	-12.7
Change in Inventory	0.6	0.6	0.5	-2.3	0.3	2.9
Change in Accounts Payable	6.2	6.2	6.9	-31.4	-24.7	3.4
Operating Cash Flow	185.5	199.2	207.4	141.2	134	34.7
Operating Cash Flow Growth	-6.27%	-3.95%	46.88%	5.37%	286.17%	-77.83%
Capital Expenditures	-69.2	-61.2	-46.2	-65.3	-70.1	-46.6
Sale of Property, Plant & Equipment	3	6.4	46.9	51.3	9.9	16.2
Divestitures	-	-	-	-	28.2	-
Other Investing Activities	-0.6	-0.6	209.2	1.7	1.1	227.3
Investing Cash Flow	-62.7	-54.2	211.9	-9.8	-28.2	198.2
Long-Term Debt Issued	-	201	225	165	25	10
Long-Term Debt Repaid	-	-267.4	-518.9	-200.5	-55.9	-135.3
Net Debt Issued (Repaid)	-38.3	-66.4	-293.9	-35.5	-30.9	-125.3
Issuance of Common Stock	0.4	0.1	-	-	-	0.1
Repurchase of Common Stock	-0.6	-0.8	-	-	-	-
Other Financing Activities	-87.9	-87.5	-107.5	-97.1	-79.4	-116.2
Financing Cash Flow	-126.4	-154.6	-401.4	-132.6	-110.3	-241.4
Net Cash Flow	-3.6	-9.6	17.9	-1.2	-4.5	-8.5
Free Cash Flow	116.3	138	161.2	75.9	63.9	-11.9
Free Cash Flow Growth	-18.33%	-14.39%	112.39%	18.78%	-	-
Free Cash Flow Margin	13.02%	15.37%	17.94%	8.70%	7.99%	-2.96%
Free Cash Flow Per Share	0.18	0.21	0.25	0.12	0.10	-0.02
Cash Interest Paid	86.6	86.6	101.9	93.1	79.4	96.3
Cash Income Tax Paid	5.3	5.3	-0.1	0.9	-1.5	-7.5
Levered Free Cash Flow	16.19	29.08	20.64	-50.96	65.13	104.4
Unlevered Free Cash Flow	73.69	87.58	107.33	25.29	54.31	157.53
Change in Working Capital	-3.3	3	8.2	-29	-31.8	-6.4

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