NEXT plc Cash Flow Statement

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

Millions GBP. Fiscal year is Feb - Jan.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jan '26 Jan 31, 2026	Jan '25 Jan 25, 2025	Jan '24 Jan 27, 2024	Jan '23 Jan 28, 2023	Jan '22 Jan 29, 2022
Net Income	1,279	1,075	987.9	941.5	905.4
Depreciation & Amortization	334.7	311	246	165.8	207.2
Stock-Based Compensation	43.1	40.9	31.9	24.3	19.9
Other Adjustments	-8.4	14.2	-3.3	-13.2	-4.8
Change in Receivables	-153.7	-52.3	3.7	-156.5	-165.4
Changes in Inventories	-79.2	-100.3	15.3	-22.8	-96.5
Changes in Accounts Payable	45.9	93.2	47.6	12	235.2
Changes in Income Taxes Payable	-233.1	-242.6	-193.3	-151.5	-125.3
Changes in Other Operating Activities	5.5	1,371	1,298	949.5	1,092
Operating Cash Flow	1,234	1,134	1,120	798.8	971.4
Operating Cash Flow Growth	8.79%	1.21%	40.25%	-17.77%	17.77%
Capital Expenditures	-270.8	-258.6	-274	-410.2	-487.2
Sale of Property, Plant & Equipment	56.1	2.6	2	-	3.4
Purchases of Intangible Assets	-35.8	-28.2	-51.2	-41	-22.7
Purchases of Investments	-4.8	-26.3	-154.1	-95.4	-34.3
Proceeds from Sale of Investments	-	-	2.6	28.4	-10.8
Other Investing Activities	-	-	3.3	41.7	15.5
Investing Cash Flow	-119.9	-181.2	-334.4	-271.4	-292.5
Short-Term Debt Issued	60	-	-	-	-
Net Short-Term Debt Issued (Repaid)	60	-	-	-	-
Long-Term Debt Issued	298.4	-	-	-	-
Long-Term Debt Repaid	-417.9	-2.4	-2.5	-	-325
Net Long-Term Debt Issued (Repaid)	-119.5	-2.4	-2.5	-	-325
Issuance of Common Stock	107.2	77	97.8	34.3	72.5
Repurchase of Common Stock	-721.9	-487	-293.6	-352.5	-160
Net Common Stock Issued (Repurchased)	-614.7	-410	-195.8	-318.2	-87.5
Common Dividends Paid	-286.5	-257.8	-248.3	-237.4	-344.5
Other Financing Activities	-264.3	-269.4	-216.7	-171.5	-236.4
Financing Cash Flow	-1,225	-939.6	-663.3	-727.1	-993.4
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.2	-	-1	2.5	-0.4
Net Cash Flow	-111.3	13.1	122.6	-199.7	-314.5
Free Cash Flow	962.8	875.3	846.3	388.6	484.2
Free Cash Flow Growth	10.00%	3.43%	117.78%	-19.74%	-9.60%
FCF Margin	13.95%	14.31%	15.41%	7.72%	10.47%
Free Cash Flow Per Share	8.24	7.20	6.91	3.12	3.74
Levered Free Cash Flow	632	1,907	1,940	1,255	1,178
Unlevered Free Cash Flow	765.91	1,983	1,918	1,313	1,571

Updated Jan 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.