NatWest 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	5,831	4,802	4,636	3,589	3,268
Depreciation & Amortization	465	497	934	833	838
Other Amortization	689	561	-	-	-
Gain (Loss) on Sale of Assets	-7	-23	125	154	-25
Gain (Loss) on Sale of Investments	41	295	-540	1,439	1,653
Total Asset Writedown	-	-	-	-	85
Provision for Credit Losses	671	359	572	266	-1,173
Change in Trading Asset Securities	17,884	-5,704	21,153	18,612	67,448
Change in Other Net Operating Assets	-36,400	-12,938	-29,617	-31,729	-74,586
Other Operating Activities	-1,522	2,486	2,617	-1,199	2,343
Net Cash from Discontinued Operations	-	81	-112	-262	305
Operating Cash Flow	-12,416	-9,603	-223	-8,267	-60
Capital Expenditures	-665	-464	-811	-639	-901
Sale of Property, Plant and Equipment	60	198	128	154	165
Cash Acquisitions	230	-2,301	-144	-1	-3,128
Investment in Securities	-15,260	-12,342	-19,695	13,465	6,658
Income (Loss) Equity Investments	-68	-19	9	30	-216
Divestitures	-	995	5,473	6,164	114
Purchase / Sale of Intangibles	-617	-614	-744	-743	-479
Other Investing Activities	2,487	1,829	1,099	659	636
Investing Cash Flow	-13,765	-12,699	-14,694	19,059	3,065
Long-Term Debt Issued	5,692	6,437	4,584	4,369	5,017
Long-Term Debt Repaid	-4,177	-3,853	-5,486	-8,685	-4,765
Net Debt Issued (Repaid)	1,515	2,584	-902	-4,316	252
Issuance of Common Stock	1,248	1,390	-	-	937
Repurchase of Common Stock	-579	-2,716	-2,416	-2,054	-1,806
Common Dividends Paid	-2,370	-1,788	-1,698	-1,454	-992
Preferred Dividends Paid	-	-	-	-	-19
Total Dividends Paid	-2,370	-1,788	-1,698	-1,454	-1,011
Net Increase (Decrease) in Deposit Accounts	19,488	11,375	-17,215	-35,330	53,744
Other Financing Activities	-3,308	-1,356	-1,288	-1,082	-973
Financing Cash Flow	15,994	9,489	-23,519	-45,982	51,143
Foreign Exchange Rate Adjustments	775	-1,166	-1,189	2,933	-2,641
Net Cash Flow	-9,412	-13,979	-39,625	-32,257	51,507
Free Cash Flow	-13,081	-10,067	-1,034	-8,906	-961
Free Cash Flow Margin	-81.91%	-70.18%	-7.29%	-68.61%	-8.18%
Free Cash Flow Per Share	-1.61	-1.18	-0.11	-0.90	-0.09
Cash Interest Paid	14,330	15,033	10,154	3,434	2,636
Cash Income Tax Paid	1,792	1,602	1,033	1,223	856

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