PageGroup 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	9.02	28.44	77.07	139.01	118.36
Depreciation & Amortization	47.07	52.26	55.05	47.27	43.69
Other Amortization	10.21	10.66	11.73	13.32	10.03
Loss (Gain) From Sale of Assets	-0.03	1.05	0.82	4.4	-0.06
Stock-Based Compensation	3.73	2.69	5.5	5.99	7.05
Other Operating Activities	-12.33	4.73	-17.22	-4.53	13.11
Change in Accounts Receivable	18.4	47.44	46.06	-61.51	-115.32
Change in Accounts Payable	-26.44	-20.62	-26	40.82	72.37
Operating Cash Flow	49.62	126.66	153.01	184.77	149.24
Operating Cash Flow Growth	-60.82%	-17.22%	-17.19%	23.81%	8.77%
Capital Expenditures	-9.96	-15.66	-27.35	-21.98	-10.23
Sale of Property, Plant & Equipment	1.1	2.36	0.59	2.08	2.63
Sale (Purchase) of Intangibles	-2.52	-2.61	-4.03	-9.69	-18.13
Other Investing Activities	1.58	2.17	2.24	1.1	0.29
Investing Cash Flow	-9.8	-13.74	-28.56	-28.49	-25.44
Long-Term Debt Repaid	-41.59	-40.63	-40.05	-35.9	-37.03
Net Debt Issued (Repaid)	-41.59	-40.63	-40.05	-35.9	-37.03
Issuance of Common Stock	-	0.53	1.95	0.45	16.43
Repurchase of Common Stock	-8.35	-13.16	-17.53	-14.84	-10.37
Common Dividends Paid	-53.57	-52	-50.06	-48.35	-15
Other Financing Activities	-1.15	-0.83	-1.07	-1.21	-0.84
Financing Cash Flow	-104.65	-106.1	-156.76	-184.75	-132.04
Foreign Exchange Rate Adjustments	0.86	-1.62	-9.03	5.96	-3.76
Net Cash Flow	-63.97	5.21	-41.34	-22.5	-12
Free Cash Flow	39.66	110.99	125.66	162.79	139.01
Free Cash Flow Growth	-64.27%	-11.67%	-22.81%	17.11%	5.05%
Free Cash Flow Margin	2.48%	6.38%	6.25%	8.18%	8.46%
Free Cash Flow Per Share	0.13	0.35	0.40	0.51	0.43
Cash Interest Paid	1.15	0.83	1.07	1.21	0.84
Cash Income Tax Paid	24.18	19.28	58.96	61.6	37.05
Levered Free Cash Flow	39.7	112.23	123.94	120.78	102.99
Unlevered Free Cash Flow	43.59	115.66	126.2	122.54	104.34
Change in Working Capital	-8.04	26.82	20.06	-20.69	-42.95

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