Serco Group 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	145.6	44.2	202.4	155.4	303.9
Depreciation & Amortization	212.7	185.6	165.5	161.6	144.6
Other Amortization	8.8	8.3	7.7	10	11.3
Loss (Gain) From Sale of Assets	-5.3	0.4	-1.4	-0.1	1.4
Asset Writedown & Restructuring Costs	3.2	116.6	9.1	0.2	0.3
Loss (Gain) on Equity Investments	-28.8	-22.8	-29	-12	-8.7
Stock-Based Compensation	13.6	15.2	13.5	15.6	15.8
Other Operating Activities	53.7	41.6	-4.8	20.7	-139.1
Change in Accounts Receivable	-8	-1.9	63.1	1.2	25.4
Change in Inventory	3.7	-0.7	-2.3	-1.5	1.7
Change in Accounts Payable	47.5	32.9	-30.7	-23.9	-6.7
Operating Cash Flow	446.7	419.4	393.1	327.2	349.9
Operating Cash Flow Growth	6.51%	6.69%	20.14%	-6.49%	30.32%
Capital Expenditures	-21.5	-25.3	-15.9	-12.4	-23.9
Sale of Property, Plant & Equipment	4.4	1.3	1.4	0.7	7
Cash Acquisitions	-247.8	-20.8	-7.7	-19.2	-234.9
Divestitures	-2.9	-	0.2	-	-
Sale (Purchase) of Intangibles	-11.7	-9.1	-7.5	-7	-8.2
Investment in Securities	-	-	-	-	13
Other Investing Activities	28.6	46.5	24.1	2.6	14.7
Investing Cash Flow	-250.9	-7.4	-5.4	-35.3	-232.3
Long-Term Debt Issued	193.2	118.2	-	205	110
Long-Term Debt Repaid	-196.1	-190.2	-168.9	-474.8	-251
Net Debt Issued (Repaid)	-2.9	-72	-168.9	-269.8	-141
Issuance of Common Stock	3.9	0.1	-	0.1	0.2
Repurchase of Common Stock	-76.6	-164.1	-111.7	-107.1	-40.7
Common Dividends Paid	-43.3	-38.4	-33.7	-30.3	-26.5
Other Financing Activities	-57.1	-47.9	-33.6	-29.7	-42.1
Financing Cash Flow	-176	-322.3	-347.9	-436.8	-250.1
Foreign Exchange Rate Adjustments	-3.5	-1.1	-2.6	3.7	-4.8
Net Cash Flow	16.3	88.6	37.2	-141.2	-137.3
Free Cash Flow	425.2	394.1	377.2	314.8	326
Free Cash Flow Growth	7.89%	4.48%	19.82%	-3.44%	43.80%
Free Cash Flow Margin	8.72%	8.23%	7.74%	6.94%	7.37%
Free Cash Flow Per Share	0.41	0.37	0.33	0.26	0.26
Cash Interest Paid	46	33.8	30.4	24.4	24.9
Cash Income Tax Paid	43.4	41.3	41.1	44.2	-
Levered Free Cash Flow	301.64	376.85	208.39	327.91	260.31
Unlevered Free Cash Flow	330.89	398.48	226.33	342.35	274.94
Change in Working Capital	43.2	30.3	30.1	-24.2	20.4

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.