32816-Lucy-Group-AR-2025 web ready spreads_FINAL

Consolidated Statement of Financial Position as at 31 December 2025

Consolidated Statement of Cash Flows for the year ended 31 December 2025

FINANCIAL STATEMENTS

2025 £000

2024 £000

2025 £000

2024 £000

Note

Assets Non-current assets Goodwill

Cash flows from operating activities Operating profit before revaluation of investment property

46,675

80,829

10,428

10 11 12 13 16 25 24 19

3,678 1,802

7,816

Depreciation, amortisation and impairments

6,816

1,301

Other intangible assets

23

Other income

303 229

62,193 170,221

Property, plant and equipment

47,806 162,368

(546)

Currency revaluation

Investment property

Operating cash flow before changes in working capital, interest and taxes

53,968

88,177

3,187

Other long-term financial assets

2,981

15,925

Defined benefit pension scheme surplus

13,644

2,737

Deferred tax assets Other receivables Non-current assets

972 194

(5,326)

Increase in inventories

(10,513)

667

2,588

Decrease in trade and other receivables Decrease in trade and other payables

2,535

266,659

233,445

(6,873)

(8,768) (2,363)

(467)

Decrease in provisions

Current assets Inventories

(2,570) (12,648)

Change in derivative financial instruments Cash flow from changes in working capital

801

115,513 66,968 2,068 15,000 88,482 288,031 554,690

18 19 20 16

110,188 69,604

(18,308)

Trade and other receivables Derivative financial instruments Other short-term financial assets

–

30,453 81,473 291,718 525,163

3,769

Interest received

2,945

Cash and cash equivalents

(873)

Interest paid

(1,069) (11,511)

Current assets

(17,058)

Tax paid

Total assets

Net cash from operating activities

27,158

60,234

Liabilities Non-current liabilities Provisions

Investing activities Capital Expenditure

(10,720)

(15,600)

8,115 7,550 7,588 3,192

21 25 26 23 24 23

8,116 7,352

Pension and other employee obligations

443 895

Proceeds from disposal and redemption of non-derivative financial assets

375 269

Borrowings

12,029

Proceeds from disposal of property, plant and equipment Acquisition of subsidiaries, net of cash acquired

Corporation tax liabilities Deferred tax liabilities Other payables and liabilities

5,133

(15,688)

–

24,481 8,620 59,546

22,635 2,285 57,550

(343)

Purchase of non-derivative financial assets Net cash used in investing activities

(383)

(25,413)

(15,339)

Non-current liabilities

Free cash flow

1,745

44,895

Current liabilities Trade and other payables

62,906

22 22 20

64,341

1,211

Current tax liabilities

8,727

Financing activities Cash flow from borrowings

90

Derivative financial instruments

592

(4,386) 15,453 (4,168)

(1,930)

Current liabilities Total liabilities

64,207 123,753 430,937

73,660 131,210 393,953

Cash on deposit Dividends paid

(20,453) (4,388) (26,771)

Net assets

Net cash used in financing activities

6,899

Equity

492

Share capital Other reserves

28 29 29

492

Net change in cash and cash equivalents Cash and cash equivalents, beginning of year Exchange differences on cash and cash equivalents

8,644 81,473 (1,635)

18,124 63,091

(7,802)

(783)

436,928 429,618

Retained earnings

393,425 393,134

258

Equity attributable to owners of the parent

Cash and cash equivalents, end of year

88,482

81,473

1,319

Non-controlling interest

819

Total equity

430,937

393,953

Approved by the Board of Directors on 24 March 2026 and signed on its behalf

C R Dick

G D Ashton

Executive Chairman

Group Finance Director

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Lucy Group Ltd Annual Report & Accounts 2025

LUCYGROUP.COM

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