Cash flow Foresight Group Holdings Limited

Equities

FSG

GG00BMD8MJ76

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 16:35:15 13/02/2026 GMT			5-day change	1st Jan Change
411.50 ^GBX	+1.35%		+1.48%	-4.30%

12-05	Foresight Group Holdings Limited, H1 2026 Earnings Call, Dec 04, 2025
12-02	RBC cuts Berkeley and Barratt; raises Persimmon	AN

364744.RWhV2dYlBlywhIX9SpiQizjBlv2PuwuHSDZmN-74i8k.ECYhrZVMMino4fStIvXX5neH5YzW-UnNek81D9iUzI91ATOUr3x0LOXixA

Published financial data: FORESIGHT GROUP HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	69.1M	86.07M	119M	141M	154M
Total Revenues	69.1M	86.07M	119M	141M	154M
Cost of Goods Sold, Total	4.64M	5.11M	6.3M	7.3M	7.79M
Gross Profit	64.46M	80.96M	113M	134M	146M
Selling General & Admin Expenses, Total	46.54M	50.91M	77.3M	91.61M	93.73M
Provision for Bad Debts	112K	-	-	-	-
Depreciation & Amortization - (IS)	2.65M	3.48M	2.8M	3.23M	3.19M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	2.41M	3.21M	2.93M
Other Operating Expenses	-	-	-	-	-123K
Other Operating Expenses, Total	49.3M	54.4M	82.52M	98.04M	99.73M
Operating Income	15.16M	26.57M	30.34M	35.98M	46.47M
Interest Expense, Total	-710K	-653K	-854K	-564K	-1.19M
Interest And Investment Income	3K	2K	121K	875K	1.57M
Net Interest Expenses	-707K	-651K	-733K	311K	379K
Income (Loss) On Equity Invest.	26K	53K	-	-	-
Currency Exchange Gains (Loss)	251K	-	-	-	-
Other Non Operating Income (Expenses)	-	-	762K	434K	81K
EBT, Excl. Unusual Items	14.72M	25.97M	30.37M	36.72M	46.93M
Merger & Related Restructuring Charges	-	-	-3.72M	-	-
Gain (Loss) On Sale Of Investments	192K	638K	349K	278K	75K
Gain (Loss) On Sale Of Assets	170K	-	-	-	-
Asset Writedown	-	-	-	-2.9M	-6.34M
Other Unusual Items	568K	1.26M	327K	206K	45K
EBT, Incl. Unusual Items	15.66M	27.87M	27.32M	34.31M	40.7M
Income Tax Expense	481K	2.79M	3.7M	7.88M	7.46M
Earnings From Continuing Operations	15.17M	25.08M	23.62M	26.43M	33.24M
Net Income to Company	15.17M	25.08M	23.62M	26.43M	33.24M
Net Income - (IS)	15.17M	25.08M	23.62M	26.43M	33.24M
Net Income to Common Incl Extra Items	15.17M	25.08M	23.62M	26.43M	33.24M
Net Income to Common Excl. Extra Items	15.17M	25.08M	23.62M	26.43M	33.24M
Per Share Items
Net EPS - Basic	0.15	0.23	0.21	0.23	0.29
Basic EPS - Continuing Operations	0.15	0.23	0.21	0.23	0.29
Basic Weighted Average Shares Outstanding	102M	108M	113M	116M	115M
Net EPS - Diluted	0.15	0.23	0.21	0.22	0.28
Diluted EPS - Continuing Operations	0.15	0.23	0.21	0.22	0.28
Diluted Weighted Average Shares Outstanding	102M	109M	114M	119M	119M
Normalized Basic EPS	0.09	0.15	0.17	0.2	0.25
Normalized Diluted EPS	0.09	0.15	0.17	0.19	0.25
Dividend Per Share	0.02	0.14	0.2	0.22	0.24
Payout Ratio	120.13	24.63	67.58	97.55	79.61
Supplemental Items
EBITDA	16M	27.61M	33.6M	40.16M	50.4M
EBITA	15.25M	26.86M	32.75M	39.19M	49.4M
EBIT	15.16M	26.57M	30.34M	35.98M	46.47M
EBITDAR	16.24M	-	-	40.21M	50.44M
Effective Tax Rate - (Ratio)	3.07	10.02	13.53	22.96	18.32
Current Domestic Taxes	-	-	3.26M	6.37M	7.57M
Current Foreign Taxes	-	-	1.71M	2.05M	2.51M
Total Current Taxes	245K	3.17M	4.97M	8.42M	10.08M
Total Deferred Taxes	236K	-376K	-1.27M	-537K	-2.62M
Normalized Net Income	9.2M	16.23M	18.98M	22.95M	29.33M
Interest on Long-Term Debt	703K	649K	651K	516K	1.08M
Supplemental Operating Expense Items
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	12.57M	15.52M	16.49M	20.25M	22.4M
Net Rental Expense, Total	241K	-	-	49K	41K
Imputed Operating Lease Interest Expense	89.49K	-	-	21.94K	28.64K
Imputed Operating Lease Depreciation	152K	-	-	27.06K	12.36K
Stock-Based Comp., G&A Exp. (Total)	35K	-	-	-	-
Stock-Based Comp., Other (Total)	-	459K	10.66M	13.73M	5.73M
Total Stock-Based Compensation	35K	459K	10.66M	13.73M	5.73M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	39.43M	54.29M	39.76M	45M	43.25M
Total Cash And Short Term Investments	39.43M	54.29M	39.76M	45M	43.25M
Accounts Receivable, Total	10.99M	12.26M	11.91M	16.99M	25.37M
Other Receivables	4.26M	2.89M	3.41M	6.01M	7.35M
Notes Receivable	-	-	-	-	-
Total Receivables	15.24M	15.16M	15.32M	23M	32.72M
Prepaid Expenses	2.8M	2.05M	3.08M	3.85M	4.52M
Other Current Assets, Total	2.74M	1.38M	1.74M	1.71M	1.16M
Total Current Assets	60.21M	72.88M	59.9M	73.56M	81.65M
Gross Property Plant And Equipment	14.86M	14.2M	13.89M	13.14M	24.26M
Accumulated Depreciation	-2.73M	-3.29M	-4.08M	-5.04M	-5.4M
Net Property Plant And Equipment	12.13M	10.92M	9.8M	8.1M	18.86M
Long-term Investments	2.33M	2.78M	3.97M	4.73M	5.42M
Goodwill	-	-	18.43M	17.87M	17.24M
Other Intangibles, Total	3.01M	4.43M	44.48M	43.49M	36.13M
Accounts Receivable Long-Term	-	1.12M	1.04M	822K	1.24M
Deferred Tax Assets Long-Term	977K	615K	1.74M	1.56M	1.62M
Deferred Charges Long-Term	-	3.98M	3.44M	2.78M	4.9M
Other Long-Term Assets, Total	-	2.14M	1.8M	420K	100K
Total Assets	78.66M	98.86M	145M	153M	167M
Liabilities
Accounts Payable, Total	1.18M	1.32M	1.94M	1.58M	1.64M
Accrued Expenses, Total	11.92M	15.63M	20.38M	19.99M	22.52M
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	688K	660K	2.65M	121K	138K
Current Portion of Leases	2.16M	2.3M	2.56M	2.9M	1.15M
Current Income Taxes Payable	143K	497K	1.56M	4.89M	2.93M
Unearned Revenue Current, Total	541K	134K	5.79M	7.36M	11.49M
Other Current Liabilities	6.86M	6.4M	6.86M	5.2M	12.1M
Total Current Liabilities	23.49M	26.94M	41.74M	42.05M	51.96M
Long-Term Debt	3.64M	3.03M	485K	388K	242K
Long-Term Leases	9.86M	8.11M	6.69M	4.36M	17.92M
Deferred Tax Liability Non Current	1.58M	1.2M	12.83M	13.27M	10.64M
Other Non Current Liabilities	295K	997K	5.62M	4.68M	1.12M
Total Liabilities	38.86M	40.27M	67.36M	64.76M	81.88M
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	32.04M	32.04M	61.89M	61.89M	61.44M
Retained Earnings	7.73M	26.49M	34.36M	35.01M	38.88M
Treasury Stock	-	-454K	-729K	-2.16M	-12.12M
Comprehensive Income and Other	30K	511K	-18.28M	-6.16M	-2.93M
Total Common Equity	39.8M	58.59M	77.24M	88.57M	85.26M
Total Equity	39.8M	58.59M	77.24M	88.57M	85.26M
Total Liabilities And Equity	78.66M	98.86M	145M	153M	167M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	108M	108M	116M	116M	113M
ECS Total Common Shares Outstanding	108M	108M	116M	116M	113M
Book Value / Share	0.37	0.54	0.67	0.77	0.75
Tangible Book Value	36.78M	54.16M	14.33M	27.21M	31.9M
Tangible Book Value Per Share	0.34	0.5	0.12	0.24	0.28
Total Debt	16.34M	14.1M	12.38M	7.77M	19.44M
Net Debt	-23.09M	-40.19M	-27.38M	-37.23M	-23.81M
Debt Equivalent Oper. Leases	1.93M	-	-	392K	328K
Equity Method Investments, Total	251K	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	356K	469K	917K	1.25M	1.01M
Full Time Employees	234.4	191	314	396	400
Part Time Employees	-	-	-	-	22
Accumulated Allowance for Doubtful Accounts (Supple)	232K	213K	61K	61K	467K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	15.17M	25.08M	23.62M	26.43M	33.24M
Depreciation & Amortization - CF	2.46M	3.09M	2.72M	3.18M	3.15M
Amortization of Goodwill and Intangible Assets - (CF)	92K	292K	2.41M	3.21M	2.93M
Depreciation & Amortization, Total	2.55M	3.38M	5.13M	6.39M	6.08M
Amortization of Deferred Charges, Total - (CF)	95K	105K	83K	51K	37K
(Gain) Loss From Sale Of Asset	-170K	33K	-10K	28K	-
(Gain) Loss on Sale of Investments - (CF)	-192K	-746K	-349K	-278K	-75K
Asset Writedown & Restructuring Costs	-	-	-	2.9M	6.34M
(Income) Loss On Equity Investments - (CF)	-26K	-53K	-	-	-
Stock-Based Compensation (CF)	35K	459K	10.66M	13.73M	5.73M
Other Operating Activities, Total	-83K	-1.8M	1.12M	1.99M	-4.15M
Change In Accounts Receivable	-4.51M	-222K	2.77M	-6.92M	-10.15M
Change In Accounts Payable	3.59M	2.55M	7.75M	-238K	9.44M
Change in Other Net Operating Assets	-	-3.72M	590K	590K	-2.39M
Cash from Operations	16.47M	25.07M	51.36M	44.67M	44.12M
Capital Expenditure	-141K	-398K	-619K	-790K	-1.03M
Sale of Property, Plant, and Equipment	450K	3K	29K	-	-
Cash Acquisitions	2.35M	-339K	-44.82M	-5.9M	-2.01M
Divestitures	819K	-	-	40K	-
Sale (Purchase) of Intangible assets	-48K	-171K	-13K	-5K	-1.4M
Investment in Marketable and Equity Securities, Total	-651K	40K	-837K	-481K	-619K
Other Investing Activities, Total	3K	2K	235K	1.48M	2.12M
Cash from Investing	2.78M	-863K	-46.02M	-5.65M	-2.94M
Short Term Debt Repaid, Total	-750K	-	-	-	-
Long-Term Debt Repaid, Total	-2.57M	-2.78M	-3.06M	-5.21M	-1.23M
Total Debt Repaid	-3.32M	-2.78M	-3.06M	-5.21M	-1.23M
Issuance of Common Stock	36.46M	61K	35K	-	1.99M
Repurchase of Common Stock	-10K	-454K	-275K	-1.43M	-16.49M
Repurchase of Preferred Stock	-4.75M	-	-	-	-
Common Dividends Paid	-18.23M	-6.18M	-15.96M	-25.79M	-26.46M
Common & Preferred Stock Dividends Paid	-18.23M	-6.18M	-15.96M	-25.79M	-26.46M
Other Financing Activities, Total	-2.96M	-	-606K	-1.35M	-1.18M
Cash from Financing	7.18M	-9.34M	-19.87M	-33.78M	-43.38M
Foreign Exchange Rate Adjustments	-	-	-	-	446K
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	26.43M	14.86M	-14.53M	5.24M	-1.75M
Supplemental Items
Cash Interest Paid	628K	665K	606K	603K	1.16M
Cash Income Tax Paid (Refund)	174K	3.4M	3.62M	5.08M	12.73M
Levered Free Cash Flow	12.45M	20.97M	44.67M	35.59M	39.52M
Unlevered Free Cash Flow	12.9M	21.38M	45.21M	35.94M	40.26M
Change In Net Working Capital	-930K	-1.4M	-11M	5.92M	-1.8M
Net Debt Issued / Repaid	-3.32M	-2.78M	-3.06M	-5.21M	-1.23M

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	15.23	18.71	15.58	15.09	18.12
Return on Total Capital	21.97	25.78	23.36	24.18	28.89
Return On Equity %	54.55	50.98	34.79	31.88	38.25
Return on Common Equity	54.55	50.98	34.79	31.88	38.25
Margin Analysis
Gross Profit Margin %	93.29	94.07	94.71	94.83	94.94
SG&A Margin	67.36	59.15	64.87	64.82	60.87
EBITDA Margin %	23.15	32.08	28.2	28.42	32.73
EBITA Margin %	22.07	31.21	27.49	27.73	32.08
EBIT Margin %	21.93	30.87	25.46	25.46	30.18
Income From Continuing Operations Margin %	21.96	29.13	19.83	18.7	21.59
Net Income Margin %	21.96	29.13	19.83	18.7	21.59
Net Avail. For Common Margin %	21.96	29.13	19.83	18.7	21.59
Normalized Net Income Margin	13.32	18.86	15.93	16.24	19.05
Levered Free Cash Flow Margin	18.02	24.37	37.49	25.18	25.66
Unlevered Free Cash Flow Margin	18.66	24.84	37.94	25.43	26.15
Asset Turnover
Asset Turnover	1.11	0.97	0.98	0.95	0.96
Fixed Assets Turnover	5.24	7.47	11.5	15.79	11.43
Receivables Turnover (Average Receivables)	7.75	7.9	9.86	9.78	7.27
Short Term Liquidity
Current Ratio	2.56	2.71	1.44	1.75	1.57
Quick Ratio	2.33	2.58	1.32	1.62	1.46
Operating Cash Flow to Current Liabilities	0.7	0.93	1.23	1.06	0.85
Days Sales Outstanding (Average Receivables)	47.09	46.18	37.03	37.42	50.2
Average Days Payable Outstanding	107.99	89.25	94.59	88.37	75.41
Long Term Solvency
Total Debt/Equity	41.07	24.06	16.03	8.77	22.8
Total Debt / Total Capital	29.11	19.4	13.82	8.07	18.57
LT Debt/Equity	33.92	19.01	9.29	5.37	21.3
Long-Term Debt / Total Capital	24.04	15.32	8	4.93	17.34
Total Liabilities / Total Assets	49.41	40.74	46.59	42.23	48.99
EBIT / Interest Expense	21.35	40.68	35.52	63.79	39.12
EBITDA / Interest Expense	24.94	45.86	41.53	75.12	44.24
(EBITDA - Capex) / Interest Expense	24.74	45.25	40.81	73.71	43.37
Total Debt / EBITDA	0.92	0.47	0.35	0.18	0.37
Net Debt / EBITDA	-1.3	-1.34	-0.77	-0.88	-0.45
Total Debt / (EBITDA - Capex)	0.93	0.48	0.36	0.19	0.38
Net Debt / (EBITDA - Capex)	-1.31	-1.36	-0.79	-0.9	-0.46
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.69	24.56	38.44	18.61	8.96
Gross Profit, 1 Yr. Growth %	21.93	25.61	39.38	18.76	9.09
EBITDA, 1 Yr. Growth %	107	68.18	21.68	19.55	25.47
EBITA, 1 Yr. Growth %	116.88	71.43	21.94	19.66	26.05
EBIT, 1 Yr. Growth %	291.91	70.56	14.19	18.59	29.16
Earnings From Cont. Operations, 1 Yr. Growth %	769.07	65.26	-5.79	11.89	25.77
Net Income, 1 Yr. Growth %	-72.91	65.26	-5.79	11.89	25.77
Normalized Net Income, 1 Yr. Growth %	370.15	74.35	16.93	20.93	27.79
Diluted EPS Before Extra, 1 Yr. Growth %	710.51	54.27	-10	7.25	26.13
Accounts Receivable, 1 Yr. Growth %	60.6	28.85	-2.86	42.6	49.35
Net Property, Plant and Equip., 1 Yr. Growth %	-14.87	-10.02	-10.2	-17.39	132.85
Total Assets, 1 Yr. Growth %	71.98	25.68	46.27	6.04	9.01
Tangible Book Value, 1 Yr. Growth %	136.39	47.22	-73.54	89.91	17.24
Common Equity, 1 Yr. Growth %	151.35	47.21	31.84	14.68	-3.74
Cash From Operations, 1 Yr. Growth %	33.48	52.23	104.9	-13.02	-1.24
Capital Expenditures, 1 Yr. Growth %	-81.05	182.27	55.53	27.63	30.25
Levered Free Cash Flow, 1 Yr. Growth %	509.35	24.56	112.98	-20.33	11.04
Unlevered Free Cash Flow, 1 Yr. Growth %	420.44	23.73	111.42	-20.49	12.02
Dividend Per Share, 1 Yr. Growth %	-	711.76	45.65	10.45	9.01
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	18.1	22.61	31.32	28.14	13.68
Gross Profit, 2 Yr. CAGR %	21.18	23.76	32.32	28.66	13.82
EBITDA, 2 Yr. CAGR %	49.61	89.03	43.05	20.61	22.48
EBITA, 2 Yr. CAGR %	53.62	95.46	44.58	20.79	22.81
EBIT, 2 Yr. CAGR %	53.15	162.11	39.56	16.37	23.76
Earnings From Cont. Operations, 2 Yr. CAGR %	47.21	278.97	24.78	2.67	18.63
Net Income, 2 Yr. CAGR %	47.21	-33.1	24.78	2.67	18.63
Normalized Net Income, 2 Yr. CAGR %	60.54	187.95	42.78	18.92	24.32
Diluted EPS Before Extra, 2 Yr. CAGR %	-2.52	253.61	17.83	-1.75	16.3
Accounts Receivable, 2 Yr. CAGR %	41.24	33.88	11.88	17.69	45.94
Net Property, Plant and Equip., 2 Yr. CAGR %	-9.65	-12.48	-10.11	-13.87	38.69
Total Assets, 2 Yr. CAGR %	39.92	47.02	35.58	24.54	7.51
Tangible Book Value, 2 Yr. CAGR %	68.87	86.55	-37.59	-29.12	49.21
Common Equity, 2 Yr. CAGR %	72.53	92.36	39.31	22.96	5.07
Cash From Operations, 2 Yr. CAGR %	2.65	42.55	76.61	33.5	-7.32
Capital Expenditures, 2 Yr. CAGR %	-28.78	-26.86	109.52	40.89	28.93
Levered Free Cash Flow, 2 Yr. CAGR %	6.05	220.37	62.88	30.26	-5.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	5.78	193.76	61.73	29.65	-5.62
Dividend Per Share, 2 Yr. CAGR %	-	-	243.85	26.83	9.73
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	10.17	20.22	27.67	26.94	21.4
Gross Profit, 3 Yr. CAGR %	11.2	22.64	28.76	27.63	21.77
EBITDA, 3 Yr. CAGR %	7.57	56.92	63.21	34.75	22.21
EBITA, 3 Yr. CAGR %	7.42	60.79	67.02	35.74	22.52
EBIT, 3 Yr. CAGR %	7.2	60.21	98.7	32.19	20.49
Earnings From Cont. Operations, 3 Yr. CAGR %	-1.27	53	138.29	20.32	9.86
Net Income, 3 Yr. CAGR %	-1.27	53	-25.01	20.32	9.86
Normalized Net Income, 3 Yr. CAGR %	7.98	65.65	113.23	35.09	21.8
Diluted EPS Before Extra, 3 Yr. CAGR %	-30.23	13.6	124.09	14.19	6.78
Accounts Receivable, 3 Yr. CAGR %	-0.45	30.58	20.3	21.3	27.42
Net Property, Plant and Equip., 3 Yr. CAGR %	-9.59	-9.77	-11.72	-12.61	19.99
Total Assets, 3 Yr. CAGR %	18.5	35	46.77	24.92	19.13
Tangible Book Value, 3 Yr. CAGR %	25.91	61.32	-2.71	-9.56	-16.17
Common Equity, 3 Yr. CAGR %	28.18	63.64	69.6	30.56	13.32
Cash From Operations, 3 Yr. CAGR %	-2.32	17.06	60.87	39.47	20.74
Capital Expenditures, 3 Yr. CAGR %	-54.42	12.71	-5.95	77.61	37.25
Levered Free Cash Flow, 3 Yr. CAGR %	-	23.73	179.61	28.34	23.51
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	22.88	163.25	27.65	23.49
Dividend Per Share, 3 Yr. CAGR %	-	-	-	135.49	20.59
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	18.19	23.33	21.88
Gross Profit, 5 Yr. CAGR %	-	-	19.21	25.01	22.56
EBITDA, 5 Yr. CAGR %	-	-	21.19	41.24	45.51
EBITA, 5 Yr. CAGR %	-	-	21.63	43.41	47.69
EBIT, 5 Yr. CAGR %	-	-	19.78	40.98	64.42
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	8.42	30.43	80.28
Net Income, 5 Yr. CAGR %	-	-	8.42	30.43	-9.91
Normalized Net Income, 5 Yr. CAGR %	-	-	21.02	45.08	71.84
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-13.96	7.19	72.38
Accounts Receivable, 5 Yr. CAGR %	-	-	1.35	25.26	29.96
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-9.8	-11.44	5.76
Total Assets, 5 Yr. CAGR %	-	-	25.06	30.71	29.59
Tangible Book Value, 5 Yr. CAGR %	-	-	-4.91	16.1	15.44
Common Equity, 5 Yr. CAGR %	-	-	32.52	45.96	40.04
Cash From Operations, 5 Yr. CAGR %	-	-	23.79	23.38	29.03
Capital Expenditures, 5 Yr. CAGR %	-	-	-16.1	23.23	6.7
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	26.3	80.84
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	25.54	74.65