Games Workshop Group Cash Flow Statement

Financials in millions GBP. Fiscal year is July - June.

Millions GBP. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Jun '25 Jun 1, 2025	Jun '24 Jun 2, 2024	May '23 May 28, 2023	May '22 May 29, 2022	May '21 May 30, 2021
Net Income	206.4	196.1	151.1	134.7	128.4	122
Depreciation & Amortization	31	29.5	26.5	25.6	23.1	20.2
Other Amortization	14.1	14.4	12.5	13.9	11.7	6
Loss (Gain) From Sale of Assets	0.3	0.4	0.1	0.4	0.3	0.1
Asset Writedown & Restructuring Costs	-	1.2	2.6	3.6	1.3	0.4
Stock-Based Compensation	2.6	1.3	1.2	1	1.6	1.2
Other Operating Activities	-0.2	1.3	10.1	-5.1	-9	-2.4
Change in Accounts Receivable	23.9	-4	-7.6	8.1	-21.5	-10.8
Change in Inventory	-3.6	2.5	-10	6	-12.2	-6.2
Change in Accounts Payable	5.7	4.6	9.4	4.2	-2.2	3.1
Change in Other Net Operating Assets	0.3	0.1	0.3	0.3	-	-0.9
Operating Cash Flow	280.5	247.4	196.2	192.7	121.5	132.7
Operating Cash Flow Growth	40.39%	26.10%	1.82%	58.60%	-8.44%	26.99%
Capital Expenditures	-26.9	-24	-15.6	-14.8	-17	-17.4
Sale (Purchase) of Intangibles	-16.6	-16.9	-17	-13.5	-15.3	-12.6
Other Investing Activities	2.8	2.9	2.5	1.2	0.2	0.2
Investing Cash Flow	-40.7	-38	-30.1	-27.1	-32.1	-29.8
Long-Term Debt Repaid	-	-12.3	-11.8	-11.8	-11.1	-10
Net Debt Issued (Repaid)	-11.9	-12.3	-11.8	-11.8	-11.1	-10
Issuance of Common Stock	4.5	1.8	2.7	2.6	1.8	1.4
Common Dividends Paid	-184.6	-171.4	-138.3	-136.5	-93.5	-60.5
Other Financing Activities	-1.5	-1.4	-1.1	-0.9	-0.8	-0.9
Financing Cash Flow	-193.5	-183.3	-148.5	-146.6	-103.6	-70
Foreign Exchange Rate Adjustments	-1	-1.1	-0.2	-0.2	0.4	-0.6
Net Cash Flow	45.3	25	17.4	18.8	-13.8	32.3
Free Cash Flow	253.6	223.4	180.6	177.9	104.5	115.3
Free Cash Flow Growth	42.39%	23.70%	1.52%	70.24%	-9.37%	30.73%
Free Cash Flow Margin	39.01%	36.18%	34.35%	37.79%	25.19%	31.20%
Free Cash Flow Per Share	7.67	6.76	5.48	5.41	3.18	3.50
Cash Interest Paid	1.5	1.4	1.1	0.9	0.8	0.9
Cash Income Tax Paid	67.9	64.1	41.7	39	37.7	32.1
Levered Free Cash Flow	186.56	160.89	144.14	121.76	78.58	74.44
Unlevered Free Cash Flow	187.5	161.76	144.95	122.33	79.08	75.06
Change in Working Capital	26.3	3.2	-7.9	18.6	-35.9	-14.8

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