GMO Financial Holdings Cash Flow Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	15,012	7,544	12,750	3,267	16,262
Depreciation & Amortization, Total	3,253	3,441	3,848	4,014	1,968
Gain (Loss) On Sale of Investments	68	262	985	963	-
Change in Other Net Operating Assets	-743	17,993	-5,785	2,801	-44,769
Other Operating Activities	-5,730	-6,187	-1,716	-6,687	-5,997
Operating Cash Flow	11,896	23,729	10,505	4,564	-32,493
Capital Expenditures	-414	-232	-282	-781	-472
Sale (Purchase) of Intangibles	-809	-783	-1,019	-1,500	-936
Investment in Securities	-200	-5,435	-9,714	-1,175	-16,852
Other Investing Activities	2,145	-157	186	-1,297	-344
Investing Cash Flow	723	-6,607	-10,819	-4,753	-18,604
Short-Term Debt Issued	4,765	-	-	-	48,422
Long-Term Debt Issued	14,905	25,638	13,025	24,700	10,977
Total Debt Issued	19,670	25,638	13,025	24,700	59,399
Short-Term Debt Repaid	-	-5,266	-551	-12,082	-
Long-Term Debt Repaid	-3,003	-	-	-	-
Total Debt Repaid	-3,003	-5,266	-551	-12,082	-
Net Debt Issued (Repaid)	16,667	20,372	12,474	12,618	59,399
Issuance of Common Stock	-	-	-	52	71
Common Dividends Paid	-6,404	-3,466	-2,964	-3,619	-5,346
Other Financing Activities	147	74	-374	-475	423
Financing Cash Flow	10,410	16,980	9,136	8,576	54,547
Foreign Exchange Rate Adjustments	37	501	88	253	19
Net Cash Flow	23,067	34,604	8,910	8,640	3,467
Free Cash Flow	11,482	23,497	10,223	3,783	-32,965
Free Cash Flow Growth	-51.13%	129.84%	170.24%	-	-
Free Cash Flow Margin	24.75%	58.28%	22.71%	9.35%	-74.59%
Free Cash Flow Per Share	97.31	199.15	87.42	33.16	-288.90
Cash Interest Paid	2,273	2,656	2,335	1,594	1,023
Cash Income Tax Paid	5,819	6,211	1,724	6,647	6,069

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.