RIT Capital Partners 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	459.3	305	66.1	-577.2	859.2
Depreciation & Amortization	0.3	0.3	0.3	0.4	0.4
Loss (Gain) From Sale of Investments	-344.5	-408.9	-11.2	192.4	-807.6
Other Operating Activities	82.7	181.6	69.2	474.8	39.3
Change in Accounts Receivable	61.9	-51.9	174.1	17.5	-157.5
Change in Accounts Payable	-53.1	38.3	-24.3	-105.3	105.3
Change in Other Net Operating Assets	0.2	25.4	20	30.1	12.7
Operating Cash Flow	206.8	89.8	294.2	32.7	51.8
Operating Cash Flow Growth	130.29%	-69.48%	799.69%	-36.87%	-66.77%
Capital Expenditures	-0.4	-0.1	-0.3	-0.1	-0.1
Investing Cash Flow	-0.4	-0.1	-0.3	-0.1	-0.1
Long-Term Debt Issued	362	339.7	618.6	555.4	469.8
Long-Term Debt Repaid	-384.1	-288.8	-699.9	-591.6	-421.9
Net Debt Issued (Repaid)	-22.1	50.9	-81.3	-36.2	47.9
Repurchase of Common Stock	-95.9	-94.1	-172.9	-51.4	-22.4
Common Dividends Paid	-60.2	-56.5	-56.7	-57.6	-55
Financing Cash Flow	-178.2	-99.7	-310.9	-145.2	-29.5
Foreign Exchange Rate Adjustments	3	-4.9	3.3	4.7	6.9
Net Cash Flow	31.2	-14.9	-13.7	-107.9	29.1
Free Cash Flow	206.4	89.7	293.9	32.6	51.7
Free Cash Flow Growth	130.10%	-69.48%	801.53%	-36.94%	-66.80%
Free Cash Flow Margin	38.50%	23.90%	206.39%	-	5.63%
Free Cash Flow Per Share	1.47	0.62	1.95	0.21	0.33
Cash Interest Paid	33.6	33.4	34.4	25	20
Levered Free Cash Flow	237.89	292.39	194.01	-466.19	515.43
Unlevered Free Cash Flow	258.64	313.2	215.51	-450.75	527.74
Change in Working Capital	9	11.8	169.8	-57.7	-39.5

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