Workspace Group Cash Flow Statement

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

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	-120.3	5.4	-192.5	-37.8	123.9
Depreciation & Amortization	1.8	2.3	2.3	2.3	2.7
Other Amortization	1.6	2.4	2	2.5	1.1
Gain (Loss) on Sale of Assets	14.5	1.9	6.4	5.8	-7.8
Asset Writedown	159.2	55.9	251.2	88	-68.7
Stock-Based Compensation	1.7	2.7	3.3	1.4	1.6
Change in Accounts Receivable	5.5	5.7	-2.9	-6.4	1.4
Change in Accounts Payable	-2.2	-2.1	-16.2	17.6	7.4
Other Operating Activities	0.8	2.4	0.3	5.4	-3.7
Operating Cash Flow	62.6	76.6	53.9	78.8	57.9
Operating Cash Flow Growth	-18.28%	42.12%	-31.60%	36.10%	50.78%
Acquisition of Real Estate Assets	-52.1	-60.7	-72.1	-243.7	-118.9
Sale of Real Estate Assets	111.2	76.9	118.5	48.5	117.3
Net Sale / Acq. of Real Estate Assets	59.1	16.2	46.4	-195.2	-1.6
Investment in Marketable & Equity Securities	-2.3	-	-	-	6.8
Other Investing Activities	1.3	0.7	0.3	-4.2	4.5
Investing Cash Flow	58.1	16.5	45.9	-200.2	9.2
Long-Term Debt Issued	164.8	341.5	156	286	25
Long-Term Debt Repaid	-251	-355.5	-211	-150	-173.5
Net Debt Issued (Repaid)	-86.2	-14	-55	136	-148.5
Repurchase of Common Stock	-	-	-	-	-0.3
Common Dividends Paid	-54.6	-54.5	-50.6	-43.9	-44.8
Other Financing Activities	-2.1	-3.5	-1.1	-1.2	-15.5
Net Cash Flow	-22.2	21.1	-6.9	-30.5	-142
Cash Interest Paid	32.1	30.4	34.6	33.3	23.9
Levered Free Cash Flow	33.04	71.98	99.53	-14.19	-35.09
Unlevered Free Cash Flow	52.41	90.55	119.76	5.44	-23.38
Change in Working Capital	3.3	3.6	-19.1	11.2	8.8