QinetiQ Group plc (LON:QQ)

QinetiQ Group Cash Flow Statement

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

Operating Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	107.5	-185.7	139.6	154.4	90
Depreciation & Amortization	99.8	94.8	83.3	67.1	56.9
Other Amortization	14.9	13.1	8.6	8.3	5.8
Loss (Gain) From Sale of Assets	15.6	45.4	-1.2	-17.7	0.2
Asset Writedown & Restructuring Costs	6.6	148.9	0.7	-	1.7
Loss (Gain) on Equity Investments	1	-0.3	-0.8	-0.8	-0.3
Stock-Based Compensation	11.5	9.8	9.4	6.1	7.4
Other Operating Activities	-9.6	45.5	-6.3	-3.7	5
Change in Accounts Receivable	-4.9	56.3	-10	-56.7	-13
Change in Inventory	-3.2	16.5	-21.4	-9.6	1.4
Change in Accounts Payable	-7.4	-23	41.2	58.6	33.6
Operating Cash Flow	231.8	221.3	243.1	206	188.7
Operating Cash Flow Growth	4.75%	-8.97%	18.01%	9.17%	6.01%

Investing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Capital Expenditures	-59.6	-96.1	-85.4	-95.2	-62.9
Sale of Property, Plant & Equipment	-	108.9	2.3	2.4	1.5
Cash Acquisitions	-	-	-5.1	-385.9	-0.8
Divestitures	17.9	-	-	28.1	-
Sale (Purchase) of Intangibles	-12.9	-12.7	-10.9	-13.8	-21.4
Other Investing Activities	-	0.3	-	-	2
Investing Cash Flow	-54.6	0.4	-99.1	-464.4	-81.6

Financing Activities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Long-Term Debt Issued	-	-	-	481.1	-
Long-Term Debt Repaid	-12.6	-10.8	-6.8	-265.3	-6.2
Lease Payments	-12.6	-10.8	-6.8	-7.4	-6.2
Net Debt Issued (Repaid)	-12.6	-10.8	-6.8	215.8	-6.2
Repurchase of Common Stock	-146.9	-108.9	-17.1	-0.8	-0.8
Common Dividends Paid	-48.7	-47.9	-45.6	-42.6	-40.2
Other Financing Activities	-	9.2	6.3	-12.7	-3.2
Financing Cash Flow	-208.2	-158.4	-63.2	159.7	-50.4

Net Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Foreign Exchange Rate Adjustments	-0.4	-3.7	-1	1.8	1.3
Net Cash Flow	-31.4	59.6	79.8	-96.9	58

Free Cash Flow

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Free Cash Flow	172.2	125.2	157.7	110.8	125.8
Free Cash Flow Growth	37.54%	-20.61%	42.33%	-11.92%	11.33%
Free Cash Flow Margin	8.96%	6.48%	8.25%	7.01%	9.53%
Free Cash Flow Per Share	0.32	0.22	0.27	0.19	0.22
Levered Free Cash Flow	153.05	166.31	178.38	75.23	102.6
Unlevered Free Cash Flow	166.1	179.54	190.05	82.74	103.39
Free Cash Flow After Leases	159.6	114.4	150.9	103.4	119.6

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash Interest Paid	21.6	23.4	19.4	9.9	1.5
Cash Income Tax Paid	44.4	48.6	36.9	30.2	25.4
Change in Working Capital	-15.5	49.8	9.8	-7.7	22

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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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