Strategic Report
Governance Report
Financial Statements
Company Financial Statements
All share options under the LTIP schemes set out below have exercise prices of £nil. 32. Share-based incentive and benefits plans continued
33. Reconciliation of operating profit to net cash inflow from operating activities
2024 restated 1 £’000
2025 Number of shares
2024 Number of shares
2025 £’000 12,006
Operating profit before tax
22,256
Long-Term Incentive Plan Outstanding at start of year
609,163 385,085 (88,809) (110,742) 794,697
687,360 232,851 (58,541) (252,507)
Adjustments for: Amortisation of intangible assets
Granted Forfeited Exercised
7,850
4,758
520
Depreciation of property, plant and equipment
567
2,044
Depreciation of right-of-use assets Impairment of right-of-use assets
1,585
Outstanding at end of year Exercisable at end of year
609,163
411 247 537
–
2,896
–
Other losses/(gains)
(83)
Decrease in receivables Increase in payables Increase in provisions
4,391 5,851
Long-Term Incentive Scheme Outstanding at start of year
3,125
1,144
5,442
151
684
–
Exercised
(4,298)
457
Increase/(decrease) in other non-current liabilities
(196)
Outstanding at end of year Exercisable at end of year
1,144 1,144
1,144 1,144
1,379
Share-based payments charge
1,366 41,179
Net cash inflow from operating activities
28,727
Employee Benefit Trust (“EBT”) The Company established an EBT on 3 December 2010 to acquire ordinary shares in the Company to satisfy various company award plans. All finance costs and administration expenses connected with the EBT are charged to the consolidated statement of comprehensive income as they accrue. The EBT has waived its rights to dividends. The number of shares held by the EBT have not yet vested unconditionally.
1 The prior financial year operating profit has been restated to separate the results of discontinued operations, consistent with the presentation in the current financial year. Refer to note 13 for details of the results of discontinued operations.
2025 Number of shares
2024 Number of shares
Employee Benefit Trust 1 July
421,938 141,070 (125,634)
552,633 123,918 (254,613) 421,938
Acquired in the year
Exercised At 30 June
437,374
Brooks Macdonald Group plc Annual Report and Accounts 2025
147
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