Picton Property Income Cash Flow Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	25.85	37.32	-4.79	-89.53	146.99
Depreciation & Amortization	0.22	0.14	0.14	0.17	0.17
Gain (Loss) on Sale of Assets	0.96	-1.5	-	-	-0.04
Asset Writedown	-6.56	-12.99	26.53	110.82	-129.8
Stock-Based Compensation	0.74	0.75	0.73	0.68	0.67
Change in Accounts Receivable	0.94	1.04	-3.35	0.1	-3.31
Change in Accounts Payable	-0.98	-0.29	1	-0.29	0.9
Other Operating Activities	0.45	0.44	-0.06	1.1	4.45
Operating Cash Flow	21.62	24.92	20.21	23.03	20.01
Operating Cash Flow Growth	-13.25%	23.34%	-12.27%	15.09%	7.78%
Acquisition of Real Estate Assets	-8.8	-12.34	-4.46	-26.76	-34.56
Sale of Real Estate Assets	32.95	50.03	-	-	0.73
Net Sale / Acq. of Real Estate Assets	24.16	37.69	-4.46	-26.76	-33.83
Other Investing Activities	2.35	-	-	-	-
Investing Cash Flow	26.51	37.69	-4.46	-26.76	-33.83
Long-Term Debt Issued	-	-	4.5	12	79.55
Long-Term Debt Repaid	-1.68	-17.9	-1.43	-6.37	-26.92
Net Debt Issued (Repaid)	-1.68	-17.9	3.07	5.63	52.63
Repurchase of Common Stock	-18.26	-9.01	-	-1.13	-0.73
Common Dividends Paid	-19.74	-20.16	-19.09	-19.09	-18.43
Other Financing Activities	-0.51	-	-	-0.18	-4.46
Net Cash Flow	7.94	15.55	-0.28	-18.5	15.19
Cash Interest Paid	8.14	8.54	9.09	7.94	8.1
Levered Free Cash Flow	13.9	51.86	-23.72	14.75	11.42
Unlevered Free Cash Flow	19.23	57.2	-17.76	20.39	16.73
Change in Working Capital	-0.05	0.75	-2.35	-0.19	-2.41