Manchester United plc (MANU)

Manchester United Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Net Income	-33.02	-113.16	-28.68	-115.51	-92.22
Depreciation & Amortization	213.38	206.65	186.53	165.78	139.36
Other Amortization	1.94	1.55	0.75	0.71	0.63
Loss (Gain) From Sale of Assets	-48.74	-37.42	-20.42	-21.94	-7.38
Stock-Based Compensation	0.66	0.88	1.75	0.2	2.09
Other Operating Activities	-19.87	12.51	-13.08	1.46	33.08
Change in Accounts Receivable	-65.99	5.91	17.34	3.79	77.12
Change in Inventory	-9.51	-0.38	-0.97	-0.12	0.11
Change in Accounts Payable	29	-18.9	-31.14	22.48	5.42
Change in Unearned Revenue	7.43	27.69	-6.26	41.62	-49.41
Change in Other Net Operating Assets	-2.56	0.35	-10.06	-2.09	4.3
Operating Cash Flow	72.7	85.67	95.77	96.37	113.08
Operating Cash Flow Growth	-15.14%	-10.54%	-0.63%	-14.78%	-
Capital Expenditures	-44.72	-17.51	-15.61	-8.32	-6.24
Sale (Purchase) of Intangibles	-229.95	-153.69	-124.55	-85.11	-92.19
Other Investing Activities	-	-	-	-	-0.94
Investing Cash Flow	-274.68	-171.2	-140.16	-93.43	-99.37
Long-Term Debt Issued	230	160	100	40	60
Long-Term Debt Repaid	-100.4	-230.98	-101.95	-1.41	-1.64
Net Debt Issued (Repaid)	129.6	-70.98	-1.95	38.59	58.36
Issuance of Common Stock	79.99	158.54	-	-	-
Common Dividends Paid	-	-	-	-33.55	-10.72
Other Financing Activities	-	-1.34	-	-	-
Financing Cash Flow	209.58	86.23	-1.95	5.04	47.64
Foreign Exchange Rate Adjustments	4.95	-3.17	1.14	2.59	-2.23
Net Cash Flow	12.56	-2.47	-45.2	10.57	59.12
Free Cash Flow	27.98	68.16	80.16	88.05	106.84
Free Cash Flow Growth	-58.95%	-14.97%	-8.96%	-17.59%	-
Free Cash Flow Margin	4.20%	10.30%	12.36%	15.10%	21.62%
Free Cash Flow Per Share	0.16	0.41	0.49	0.54	0.66
Cash Interest Paid	37.2	37.23	31.95	20.64	20.54
Cash Income Tax Paid	0.95	-3.75	1.63	4.84	4.16
Levered Free Cash Flow	-67.38	27.55	45.5	62.61	1.53
Unlevered Free Cash Flow	-44.55	50.24	66.62	76.79	13.37
Change in Working Capital	-41.64	14.67	-31.08	65.67	37.53

Updated Sep 17, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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