Mears Group 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	46.22	46.53	35.2	28.31	14.12
Depreciation & Amortization	78.83	69.28	58.46	51.75	56.68
Other Amortization	1.87	2	1.64	2.06	2.12
Loss (Gain) From Sale of Assets	0.83	0.64	-0.1	-0.22	0.25
Asset Writedown & Restructuring Costs	0.86	0.63	6.22	-	-
Loss (Gain) From Sale of Investments	-1.5	-0.79	-	-	-
Loss (Gain) on Equity Investments	-0.01	-1.01	-0.49	-0.86	-0.86
Stock-Based Compensation	2.29	2.62	1.04	0.6	0.58
Other Operating Activities	12.93	8.08	6.87	9.71	5.6
Change in Accounts Receivable	-24.68	-7.02	1.29	13.86	-2.24
Change in Inventory	0.26	0.29	5.42	15.99	12.94
Change in Accounts Payable	-5.23	7.55	20.35	-9.76	-32.57
Operating Cash Flow	112.65	128.8	135.89	110.93	56.67
Operating Cash Flow Growth	-12.54%	-5.22%	22.50%	95.75%	-46.43%
Capital Expenditures	-45.24	-29.82	-24.35	-8.05	-7.59
Sale of Property, Plant & Equipment	18.4	16.43	0.02	-	0.05
Cash Acquisitions	-8.89	-	-	-2.93	-
Sale (Purchase) of Intangibles	-1.7	-1.44	-1.5	-1.36	-1.18
Investment in Securities	-	7.24	-3.99	-1.66	1.11
Other Investing Activities	-0.02	4.04	4.17	8.1	1.41
Investing Cash Flow	-37.46	-3.56	-25.65	-5.91	-6.2
Short-Term Debt Issued	-	-	11.24	-	-
Total Debt Issued	-	-	11.24	-	-
Short-Term Debt Repaid	-	-11.24	-	-	-
Long-Term Debt Repaid	-68.35	-57.91	-48.15	-43.21	-80.26
Total Debt Repaid	-68.35	-69.15	-48.15	-43.21	-80.26
Net Debt Issued (Repaid)	-68.35	-69.15	-36.91	-43.21	-80.26
Issuance of Common Stock	0.62	0.26	2.56	0.09	0.04
Repurchase of Common Stock	-17.79	-52.05	-37.89	-	-
Common Dividends Paid	-13.89	-12.93	-11.76	-9.69	-2.77
Other Financing Activities	-15.38	-13.26	-11.08	-8.71	-9.06
Financing Cash Flow	-114.79	-147.14	-95.08	-61.52	-92.06
Net Cash Flow	-39.6	-21.9	15.16	43.51	-41.59
Free Cash Flow	67.41	98.99	111.55	102.88	49.08
Free Cash Flow Growth	-31.90%	-11.26%	8.42%	109.61%	-51.27%
Free Cash Flow Margin	5.94%	8.74%	10.24%	10.72%	5.59%
Free Cash Flow Per Share	0.79	1.04	1.01	0.91	0.43
Cash Interest Paid	15.38	13.26	11.08	8.43	8.84
Cash Income Tax Paid	15.69	17.41	9.33	4.13	3.75
Levered Free Cash Flow	31.53	79.91	84.6	94.43	25.14
Unlevered Free Cash Flow	41.58	88.5	91.59	99.62	30.56
Change in Working Capital	-29.66	0.82	27.05	20.09	-21.87

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.