Consolidated cash flow statement for the year ended 30 September 2025
16 month period ended 30 September 2024 £m
Year ended 30 September 2025 £m
Note
Cash flows from operating activities Loss for the year/period of continuing operations Profit for the year/period from discontinued operations 1
(9.1)
(67.2)
26.2
16
34.7
Profit/(loss) for year/period including discontinued operations
17.1
(32.5)
Adjustments for: Depreciation of property, plant and equipment
4.3 5.5 8.1 2.1
12 13 11 11 11
5.4 8.1
Depreciation of right-of-use assets
Amortisation of customer contracts and relationships Amortisation of software and development costs
12.5
3.3
—
Impairment of goodwill
31.9
0.3 1.2
Impairment of non-current assets included in ISIs
4
3.9
Disposals of non-current assets included in administrative costs Impairment reversal of non-current assets included in administrative costs
12
—
—
5 4
0.9
(0.2)
Impairment reversal of non-current assets included in ISIs
(0.8)
2.1 1.1 3.8 2.7
Share-based payments Lease financing costs Other financing costs Foreign exchange loss
24 18
2.3 1.7 6.6 1.9
7 5 5 5
(1.9)
Gain on disposal of derecognised lease liabilities
—
—
Profit on disposal of right-of-use-assets Profit on disposal of businesses Profit on disposal of investment Loss on disposal of fixed assets Loss on disposal of intangible assets
(0.1) (1.6) (0.1)
(11.3)
31 30
— —
0.1
0.3 3.5
11
—
Income tax expense
8
5.0
Cash inflow for the year/period before changes in working capital
38.7
48.5
(5.4)
(Increase)/decrease in trade and other receivables
1.3
0.4
Decrease/(increase) in contract assets
(5.9)
—
Decrease in inventories
0.2
10.3
Increase/(decrease) in trade and other payables (Decrease)/increase in contract liabilities
(11.9)
(1.1) (3.0)
5.5 0.7
(Decrease)/increase in provisions
Cash generated from operating activities before interest and taxation
39.9
38.4
(1.1) (3.3) (2.0)
Interest element of lease payments
18
(1.7) (6.0) (4.3)
Other interest paid
Taxation paid
Net cash generated from operating activities
33.5
26.4
Cash flows from investing activities Acquisition of trade and assets as part of business combinations
—
(1.0) (6.2) (2.6)
(4.7) (0.4)
Purchase of property, plant and equipment
12
Software, development and customer contract expenditure Sale proceeds of business disposals (net of cash disposed of)
61.4
4, 30, 31
12.4
Net cash generated from investing activities
56.3
2.6
Cash flows from financing activities Proceeds from the issue of ordinary share capital
0.3
25
0.3
(5.8) (6.8)
Acquisition of treasury shares
(5.8)
Principal element of lease payments
18
(10.2)
21.1
Drawdown of borrowings (net of deferred issue costs)
57.8
(0.3)
Issue costs related to borrowings
—
(80.3) (19.0)
Repayment of borrowings
(75.0) (14.5)
Equity dividends paid
9
Net cash used in financing activities
(90.8)
(47.4)
(1.0)
Net decrease in cash and cash equivalents (inc. bank overdraft)
(18.4)
Cash and cash equivalents (inc. bank overdraft) at beginning of year/period
16.2
32.3
1.2
Effect of foreign currency exchange rate changes
2.3
Cash and cash equivalents 2 (inc. bank overdraft) at end of year/period
16.4
16, 22
16.2
1 See Note 16 for the operation, financing and investing cash flows of discontinued operations.
2 Inclusive of £3.9m of cash and cash equivalents classified as asset held for sale – see Note 16.
The accompanying Notes 1 to 32 are an integral part of these consolidated Financial Statements.
NCC Group plc — Annual report and accounts for the year ended 30 September 2025 106
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