LondonMetric Property 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	314.4	347.9	118.7	-506.3	734.5	257.3
Depreciation & Amortization	0.6	0.6	0.7	0.6	0.6	0.7
Other Amortization	4.7	4.3	2	1.6	1.2	1.8
Gain (Loss) on Sale of Assets	23.7	13	7.4	14.7	-8	-0.8
Gain (Loss) on Sale of Investments	-1.6	-0.9	-	-	-	-
Asset Writedown	-86.5	-106	7.5	577.4	-615.2	-169.9
Stock-Based Compensation	5.9	5.3	3.5	3.6	3.5	3.8
Income (Loss) on Equity Investments	-6	-6.1	0.1	10.3	-23.3	-6.9
Change in Accounts Receivable	9.9	7.9	-4.1	8.1	-2.6	-1.9
Change in Accounts Payable	8.8	-12.5	14.8	4.5	11.5	4.5
Other Operating Activities	68.1	63.4	-27.5	18.5	17.3	11
Operating Cash Flow	342	316.9	123.1	133	119.5	99.6
Operating Cash Flow Growth	71.69%	157.43%	-7.44%	11.30%	19.98%	57.59%
Acquisition of Real Estate Assets	-233	-329	-63.2	-274.9	-551.6	-254.6
Sale of Real Estate Assets	341.3	322.7	198.3	258.6	179.8	208.4
Net Sale / Acq. of Real Estate Assets	108.3	-6.3	135.1	-16.3	-371.8	-46.2
Cash Acquisition	-	-	73.3	-	-	-
Investment in Marketable & Equity Securities	-166.9	-15.9	-8.3	0.7	8.8	1.8
Other Investing Activities	15.5	14.3	6	-1.8	-4.2	-2
Investing Cash Flow	-43.1	-7.9	206.1	-17.4	-367.2	-46.4
Long-Term Debt Issued	-	406.8	669.2	440	1,059	316
Long-Term Debt Repaid	-	-433.6	-770.3	-450.8	-871.7	-409
Net Debt Issued (Repaid)	170.5	-26.8	-101.1	-10.8	187.3	-93
Issuance of Common Stock	-	-	-	-	170.2	116.6
Repurchase of Common Stock	-17.2	-18.7	-3	-6.4	-2.3	-5.8
Common Dividends Paid	-210.3	-181.4	-90.5	-83.3	-77.5	-72.4
Other Financing Activities	-121.2	-112.8	-55.3	-33.8	-30.1	-29
Net Cash Flow	120.7	-30.7	79.3	-18.7	-0.1	-30.4
Cash Interest Paid	103.4	98.7	43.6	32.8	23.5	20.1
Cash Income Tax Paid	8.4	0.6	0.6	0.3	-0.3	0.3
Levered Free Cash Flow	197.38	162.83	163.24	75.69	66.7	64.89
Unlevered Free Cash Flow	270.86	230.15	187.68	93.46	79.88	75.71
Change in Working Capital	18.7	-4.6	10.7	12.6	8.9	2.6

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