Morgan Sindall Group plc (LON:MGNS)

Morgan Sindall Group Cash Flow Statement

Financials in millions GBP. Fiscal year is January - December.

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	189	174.9	131.7	117.7	60.9	97.9
Depreciation & Amortization	37	35.8	33.1	29.7	24.9	22
Other Amortization	0.4	0.4	0.5	-	-	-
Loss (Gain) From Sale of Assets	-0.3	-0.3	-0.7	-0.1	-0.5	-0.5
Asset Writedown & Restructuring Costs	1.1	3.5	-	-	-	-
Loss (Gain) From Sale of Investments	-0.7	-1.2	-5.1	-	0.9	1.2
Loss (Gain) on Equity Investments	2.1	-0.3	-4.6	-14.1	-14.3	-5.4
Stock-Based Compensation	13	10.8	10.5	6.6	9.7	12.1
Other Operating Activities	-9.7	-15.3	-2.8	12.6	36.5	31.9
Change in Accounts Receivable	-81.9	-111.3	53.8	-83.8	-86.4	-154.8
Change in Inventory	-134	-127.3	-131.3	-10.8	-45.4	5.7
Change in Accounts Payable	183.7	209.3	29.1	116.2	71.6	73.5
Change in Unearned Revenue	-11.2	8.3	14.6	21.6	-4.3	22.9
Operating Cash Flow	188.4	187.3	128.8	196	54.7	110.5
Operating Cash Flow Growth	34.19%	45.42%	-34.29%	258.32%	-50.50%	-37.82%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-17.5	-16	-18.2	-14.3	-10.5	-6.7
Sale of Property, Plant & Equipment	6.2	0.5	1.9	2	0.6	1.4
Sale (Purchase) of Intangibles	-0.5	-0.6	-	-0.3	-1.3	-1.3
Investment in Securities	-20.9	-28.7	-1.2	-10	16.3	-
Other Investing Activities	21.9	20.6	22.2	11.6	3.2	2.1
Investing Cash Flow	-10.8	-24.2	4.7	-11	8.3	-4.5

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Repaid	-	-28.3	-25.8	-21.2	-17.6	-15.2
Lease Payments	-30.8	-28.3	-25.8	-21.2	-17.2	-15.2
Net Debt Issued (Repaid)	-30.8	-28.3	-25.8	-21.2	-17.6	-15.2
Issuance of Common Stock	10.2	12.5	29.2	4.1	11.8	2
Repurchase of Common Stock	-51.9	-40.7	-47.2	-11.3	-15.7	-33.6
Common Dividends Paid	-74.1	-65.8	-56.1	-48.1	-43.5	-32.3
Other Financing Activities	-2.2	-2	-1.9	-2.4	-1.8	-1.7
Financing Cash Flow	-148.8	-124.3	-101.8	-78.9	-66.8	-80.8

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	28.8	38.8	31.7	106.1	-3.8	25.2

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	170.9	171.3	110.6	181.7	44.2	103.8
Free Cash Flow Growth	31.77%	54.88%	-39.13%	311.09%	-57.42%	-40.17%
Free Cash Flow Margin	3.28%	3.41%	2.43%	4.41%	1.22%	3.23%
Free Cash Flow Per Share	3.46	3.48	2.28	3.87	0.95	2.17
Levered Free Cash Flow	141.54	134.84	98	164.88	65.55	40.13
Unlevered Free Cash Flow	145.54	138.78	101.75	167.69	68.11	42.75
Free Cash Flow After Leases	140.1	143	84.8	160.5	27	88.6

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	2.2	2	1.9	2.4	1.8	1.7
Cash Income Tax Paid	51.3	48.3	43.9	25.2	20.3	28.3
Change in Working Capital	-43.4	-21	-33.8	43.2	-64.5	-52.7

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 3, 2026

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