SThree Cash Flow Statement

Financials in millions GBP. Fiscal year is December - November.

Millions GBP. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	17.67	49.69	56.05	54.2	41.98
Depreciation & Amortization	16.09	15.23	15.9	18.68	15.76
Other Amortization	1.58	0.02	0.02	0.22	1.95
Loss (Gain) From Sale of Assets	0.05	-	0.16	1.3	0.27
Asset Writedown & Restructuring Costs	-	-	-	0.5	0.61
Stock-Based Compensation	4.66	4.99	4.87	5	1.52
Other Operating Activities	-0.01	-3.68	3.07	4.3	2.27
Change in Accounts Receivable	44.15	-28.38	3.64	-59.29	-63.56
Change in Accounts Payable	-20.97	3.67	-11.82	17.17	41.07
Change in Other Net Operating Assets	-1.56	-1.86	-2.22	3.51	-4.07
Operating Cash Flow	61.67	39.68	69.66	45.6	37.79
Operating Cash Flow Growth	55.42%	-43.04%	52.76%	20.66%	-43.17%
Capital Expenditures	-3.39	-6.83	-1.98	-3.41	-1.92
Sale (Purchase) of Intangibles	-5.24	-6.34	-6.24	-0.27	-0.73
Investing Cash Flow	-8.63	-13.17	-8.21	-3.67	-2.65
Long-Term Debt Repaid	-12.5	-13.11	-14.25	-13.72	-12.46
Total Debt Repaid	-12.5	-13.11	-14.25	-13.72	-12.46
Net Debt Issued (Repaid)	-12.5	-13.11	-14.25	-13.72	-12.46
Issuance of Common Stock	0	0.5	0.26	0.51	0.21
Repurchase of Common Stock	-21.38	-10	-10	-9.9	-5.15
Common Dividends Paid	-18.54	-15.86	-20.99	-14.65	-6.62
Other Financing Activities	-2.13	-1.45	-0.79	-0.78	-0.96
Financing Cash Flow	-54.56	-39.92	-45.77	-38.54	-24.97
Foreign Exchange Rate Adjustments	-0.19	-0.13	2.14	4.49	-2.56
Net Cash Flow	-1.71	-13.53	17.82	7.88	7.61
Free Cash Flow	58.28	32.85	67.68	42.19	35.87
Free Cash Flow Growth	77.43%	-51.47%	60.42%	17.63%	-41.99%
Free Cash Flow Margin	4.48%	2.20%	4.07%	2.57%	2.70%
Free Cash Flow Per Share	0.45	0.24	0.50	0.31	0.26
Cash Interest Paid	2.07	1.45	0.7	0.67	0.87
Cash Income Tax Paid	9.89	23	19.5	18.92	16.77
Levered Free Cash Flow	45.14	14.17	66.06	30.94	32.01
Unlevered Free Cash Flow	46.44	15.08	66.5	31.36	32.56
Change in Working Capital	21.62	-26.58	-10.41	-38.6	-26.55

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