Ryanair Holdings plc (RYAAY)

Ryanair Holdings Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net Income	2,359	1,612	1,917	1,314	-240.8	-1,015
Depreciation & Amortization	1,275	1,214	1,060	923.2	719.4	571
Stock-Based Compensation	14.1	12.8	-3.9	16.2	8.6	3.6
Other Operating Activities	163.7	95.1	154.7	269.3	-326	-300.6
Change in Accounts Receivable	17.3	2.9	-16.7	-16.2	-24.9	48.9
Change in Inventory	-0.6	1.6	-0.2	-1.7	-0.7	-0.3
Change in Accounts Payable	36	124.8	-46.4	31.2	284.6	-407.6
Change in Other Net Operating Assets	148.8	352.5	93.8	1,355	1,520	-1,348
Operating Cash Flow	4,013	3,416	3,158	3,891	1,941	-2,448
Operating Cash Flow Growth	48.67%	8.16%	-18.84%	100.52%	-	-
Capital Expenditures	-1,776	-1,553	-2,392	-1,915	-1,182	-294.7
Sale of Property, Plant & Equipment	-	-	-	4.9	110.5	112.1
Investment in Securities	395.8	137.7	818.4	-122.1	-468.6	741.7
Other Investing Activities	-16.7	-16.7	13.1	130.7	125.3	377.9
Investing Cash Flow	-1,397	-1,432	-1,560	-1,901	-1,414	937
Long-Term Debt Issued	-	-	-	-	1,192	2,229
Long-Term Debt Repaid	-	-86.4	-1,143	-1,086	-1,775	-1,027
Net Debt Issued (Repaid)	-1,271	-86.4	-1,143	-1,086	-583.3	1,202
Issuance of Common Stock	4.8	4.9	16.4	31.7	46.8	421
Repurchase of Common Stock	-825.8	-1,478	-	-	-	-
Common Dividends Paid	-480.8	-437.7	-199.5	-	-	-
Financing Cash Flow	-2,573	-1,997	-1,326	-1,054	-536.5	1,623
Foreign Exchange Rate Adjustments	-6.2	0.7	4.9	-5.5	28.7	-27.2
Net Cash Flow	37.3	-12.1	276.1	930.3	18.3	84.3
Free Cash Flow	2,237	1,863	766	1,976	758.9	-2,743
Free Cash Flow Growth	123.09%	143.24%	-61.24%	160.42%	-	-
Free Cash Flow Margin	14.84%	13.36%	5.70%	18.34%	15.81%	-167.67%
Free Cash Flow Per Share	2.08	1.68	0.67	1.73	0.67	-2.47
Cash Interest Paid	62.6	69.7	88.7	75	86.6	59.2
Cash Income Tax Paid	99.4	84.9	49.1	4.1	-9.5	-87.1
Levered Free Cash Flow	1,045	1,230	-568.74	2,699	115.93	-3,213
Unlevered Free Cash Flow	1,087	1,272	-516.86	2,747	173.05	-3,169
Change in Working Capital	201.5	481.8	30.5	1,369	1,779	-1,707

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q