Telecom Plus Cash Flow Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	66.18	76.1	71.04	68.43	35.47	32.58
Depreciation & Amortization	13	15.17	14.79	15.2	15.79	15.96
Other Amortization	13.03	8.7	7.22	6.69	4.99	3.68
Loss (Gain) on Sale of Assets	-0	-	-0.13	-3.68	0.2	-0.05
Asset Writedown	-	-	0.22	-	1.54	-
Stock-Based Compensation	4.21	3.41	5.16	2.85	0.96	1.38
Change in Accounts Receivable	22.92	-55.11	-4.24	-176.15	-18.75	-6.71
Change in Inventory	-0.65	0.55	1.95	-1.55	2.17	-1.69
Change in Accounts Payable	-2.22	51.39	-237.46	323.97	6.14	-4.05
Other Operating Activities	3.31	8.54	8.97	0.46	2.79	2.27
Operating Cash Flow	119.77	108.75	-132.49	236.22	51.3	43.36
Operating Cash Flow Growth	88.12%	-	-	360.50%	18.31%	11.12%
Capital Expenditures	-0.35	-0.39	-0.88	-3.54	-2.2	-2.58
Sale of Property, Plant & Equipment	-	-	0.13	0.09	1.57	0.1
Divestitures	-	-	-	-0.6	-	-
Sale (Purchase) of Intangibles	-71.08	-28.74	-11.61	-7.48	-7.75	-7.46
Investment in Securities	-	-	0.68	-	-	-
Other Investing Activities	3.29	3.06	3.54	0.85	0.14	0.1
Investing Cash Flow	-68.14	-26.08	-8.15	-10.67	-8.24	-9.84
Long-Term Debt Issued	-	55	183.55	55	65	30
Long-Term Debt Repaid	-	-40.79	-95.25	-65.11	-56.53	-36.32
Net Debt Issued (Repaid)	49.21	14.21	88.3	-10.11	8.47	-6.32
Issuance of Common Stock	7.99	5.82	0.91	3.56	2.03	1.21
Repurchase of Common Stock	-	-	-10.19	-	-0	-
Common Dividends Paid	-74.75	-66.44	-64.98	-50.6	-44.79	-44.71
Other Financing Activities	-14.01	-15.07	-9.37	-4.95	-3.47	-2.25
Financing Cash Flow	-31.57	-61.48	4.66	-62.1	-37.75	-52.07
Net Cash Flow	20.06	21.19	-135.98	163.45	5.3	-18.56
Free Cash Flow	119.42	108.36	-133.37	232.68	49.1	40.78
Free Cash Flow Growth	89.73%	-	-	373.90%	20.41%	12.92%
Free Cash Flow Margin	6.34%	5.90%	-6.54%	9.40%	5.08%	4.74%
Free Cash Flow Per Share	1.48	1.35	-1.67	2.90	0.62	0.52
Cash Interest Paid	13.39	14.49	7.22	4.95	2.87	2.25
Cash Income Tax Paid	32.28	31.25	26.25	20.61	11.53	10.95
Levered Free Cash Flow	30.48	60.03	-150.23	217.35	36.58	29.46
Unlevered Free Cash Flow	38.22	67.43	-144.83	220	37.66	30.29
Change in Working Capital	20.05	-3.17	-239.75	146.28	-10.43	-12.45

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