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

Notes to the Accounts continued

Company Statement of Financial Position as at 31 December 2025

FINANCIAL STATEMENTS

33. Analysis of changes in net cash

2025 £000

2024 £000

Note

1 January £000

Cash flows £000

Exchange loss £000

31 December £000

Assets Non-current assets Intangible assets

Cash at bank and in hand

65,449

7,907

– –

73,356

13

3 4

31

Liquid resources Cash on deposit

21

105

126

3,415

Property, plant and equipment

3,410

46,456 (12,029) 99,897

(16,456)

30,000

Investments Investment property Other investments

Loan capital over one year

4,386

55 55

(7,588)

180,719 141,459 15,925 341,531

5 6

168,896 110,329 13,644 296,310

Net cash

(4,058)

95,894

Defined benefit pension scheme surplus

16

Cash on deposit at 31 December 2025 includes two deposits over 90 days totalling £15.0m (2024: includes four deposits over 90 days totalling £30.5m) disclosed under other financial assets (note 16).

Non-current assets

Current assets Trade and other receivables Derivative financial instruments

328

7

479

2,068 5,365 2,487 15,000 33,446 58,694 400,225

12

–

Group debtors

7 7 6

3,735 3,459

Prepayments and other debtors Other short-term financial assets

30,453 28,502 66,628 362,938

Cash and cash equivalents

Current assets

Total assets

Liabilities Non-current liabilities Provisions

208

9

413

7,588

Borrowings

11

12,029 21,987 34,429

22,868 30,664

Deferred tax liabilities Non-current liabilities Current liabilities Trade and other payables

10

22,284

8 8

12,621

1,822

Current tax liabilities

937 592

90

Derivative financial instruments

12

6,575 30,771 61,435

Other liabilities Current liabilities Total liabilities

8

5,970 20,120 54,549 308,389

Net assets

338,790

Equity

492

Share capital Other reserves

15

492

(6,852)

(6,852)

345,150 338,790

Retained earnings

314,749 308,389

Total equity

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

136

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Lucy Group Ltd Annual Report & Accounts 2025

LUCYGROUP.COM

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137