Morgan Sindall Group 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	590.5	544.2	541.3	431.7	468.6
Cash & Short-Term Investments	590.5	544.2	541.3	431.7	468.6
Cash Growth	8.51%	0.54%	25.39%	-7.88%	17.00%
Accounts Receivable	703.5	594.1	640.3	584.6	482.8
Other Receivables	67.5	74.5	74.1	50	69.6
Receivables	771	668.6	714.4	635	553.9
Inventory	603.3	476	344.7	333.9	288.5
Prepaid Expenses	19.5	16.1	17.8	13	13.2
Other Current Assets	6.6	-	-	-	-
Total Current Assets	1,991	1,705	1,618	1,414	1,324
Property, Plant & Equipment	102.2	95.1	86	74.8	66.6
Long-Term Investments	132.7	111.9	106.6	84	94.1
Goodwill	-	217.7	217.7	217.7	217.7
Other Intangible Assets	218.3	0.4	0.9	3.5	4.2
Long-Term Deferred Tax Assets	4.2	-	-	-	-
Other Long-Term Assets	-	0.6	0.8	0.8	0.8
Total Assets	2,448	2,131	2,030	1,794	1,708
Accounts Payable	237.5	211.3	202.4	165.6	157.8
Accrued Expenses	1,067	870.3	846.7	744.7	710.2
Short-Term Debt	59.3	51.8	80.6	77.1	110.2
Current Portion of Leases	24.8	22.6	19.1	16	13.4
Current Income Taxes Payable	-	-	1.9	5.6	-
Current Unearned Revenue	121.7	117.5	99.6	80	87.4
Other Current Liabilities	108.1	126.7	110.8	102.2	47.9
Total Current Liabilities	1,618	1,400	1,361	1,191	1,127
Long-Term Debt	-	-	-	-	0.4
Long-Term Leases	48.8	44.1	44.7	40.9	39.4
Pension & Post-Retirement Benefits	-	-	-	0.2	0.2
Long-Term Deferred Tax Liabilities	-	2.1	8.7	6.8	10
Other Long-Term Liabilities	32.6	37	47.6	59.1	56.5
Total Liabilities	1,700	1,483	1,462	1,298	1,233
Common Stock	2.4	2.4	2.4	2.4	2.3
Additional Paid-In Capital	65.9	65.7	56	55.9	45.8
Retained Earnings	679.3	629.7	531.8	462.9	452.4
Comprehensive Income & Other	1.2	-50.6	-22.1	-25	-26.3
Total Common Equity	748.8	647.2	568.1	496.2	474.2
Shareholders' Equity	748.8	647.2	568.1	496.2	474.2
Total Liabilities & Equity	2,448	2,131	2,030	1,794	1,708
Total Debt	132.9	118.5	144.4	134	163.4
Net Cash (Debt)	457.6	425.7	396.9	297.7	305.2
Net Cash Growth	7.49%	7.26%	33.32%	-2.46%	8.30%
Net Cash Per Share	9.28	8.78	8.44	6.37	6.37
Filing Date Shares Outstanding	47.1	46.76	46.23	46.22	45.32
Total Common Shares Outstanding	47.1	46.76	46.23	46.22	45.32
Working Capital	372.8	304.7	257.1	222.4	197.3
Book Value Per Share	15.90	13.84	12.29	10.74	10.46
Tangible Book Value	530.5	429.1	349.5	275	252.3
Tangible Book Value Per Share	11.26	9.18	7.56	5.95	5.57
Machinery	-	65.3	59.3	53.2	49.1
Order Backlog	11,972	11,419	8,920	8,459	8,614

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