Cash flow Rathbones Group Plc

Equities

RAT

GB0002148343

Investment Management & Fund Operators

Market Closed - London S.E. Other stock markets 16:35:03 22/04/2026 BST			5-day change	1st Jan Change
2,070.00 ^GBX	+0.49%		-2.59%	+7.25%

04-20	Schroder Oriental Income Fund Limited Announces Appointment of Shaun Lacey as Independent Non-Executive Director, Effective April 20, 2026	CI
04-14	Morgan Stanley cuts Berkeley and Barratt Redrow	AN

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Published financial data: RATHBONES GROUP PLC

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	458M	463M	539M	835M	859M
Gain (Loss) on Sale of Investment, Total (Rev)	-11K	460K	1.1M	-	-
Interest And Invest. Income (Rev)	7.71M	46.34M	136M	176M	160M
Other Revenues, Total	-	-	-	-	-
Total Revenues	465M	509M	676M	1.01B	1.02B
Cost of Goods Sold, Total	29.06M	27.48M	29.7M	34.3M	38.2M
Gross Profit	436M	482M	646M	977M	980M
Selling General & Admin Expenses, Total	1.94M	2.09M	9.6M	-	-
Stock-Based Compensation (IS)	11.6M	15.86M	16.5M	16.4M	19.5M
Amortization of Goodwill and Intangible Assets - (IS)	15.6M	19.54M	25.2M	44.6M	45.3M
Other Operating Expenses	298M	339M	416M	649M	660M
Other Operating Expenses, Total	327M	376M	468M	710M	725M
Operating Income	109M	106M	179M	267M	256M
Interest Expense, Total	-3.83M	-28.03M	-77.1M	-83.9M	-73.1M
Interest And Investment Income	-	-	-	-	10.1M
Net Interest Expenses	-3.83M	-28.03M	-77.1M	-83.9M	-63M
EBT, Excl. Unusual Items	105M	77.52M	102M	183M	193M
Restructuring Charges	-	-	-	-	-
Merger & Related Restructuring Charges	-10.09M	-13.46M	-44.3M	-83.4M	-39.9M
Impairment of Goodwill	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	95.04M	64.05M	57.6M	99.6M	153M
Income Tax Expense	19.81M	15.07M	20.1M	34.1M	40.6M
Earnings From Continuing Operations	75.23M	48.98M	37.5M	65.5M	112M
Net Income to Company	75.23M	48.98M	37.5M	65.5M	112M
Net Income - (IS)	75.23M	48.98M	37.5M	65.5M	112M
Net Income to Common Incl Extra Items	75.23M	48.98M	37.5M	65.5M	112M
Net Income to Common Excl. Extra Items	75.23M	48.98M	37.5M	65.5M	112M
Per Share Items
Net EPS - Basic	1.34	0.84	0.53	0.63	1.08
Basic EPS - Continuing Operations	1.34	0.84	0.53	0.63	1.08
Basic Weighted Average Shares Outstanding	56.33M	58.62M	71.27M	104M	104M
Net EPS - Diluted	1.29	0.82	0.51	0.6	1.05
Diluted EPS - Continuing Operations	1.29	0.82	0.51	0.6	1.05
Diluted Weighted Average Shares Outstanding	58.18M	60.05M	73.87M	108M	107M
Normalized Basic EPS	1.17	0.83	0.89	1.1	1.16
Normalized Diluted EPS	1.13	0.81	0.86	1.06	1.12
Dividend Per Share	0.81	0.84	0.87	0.93	0.99
Payout Ratio	58.43	99.23	190.4	86.87	87.62
Supplemental Items
EBITDA	129M	130M	211M	319M	310M
EBITA	125M	125M	204M	312M	301M
EBIT	109M	106M	179M	267M	256M
EBITDAR	130M	131M	215M	-	-
Effective Tax Rate - (Ratio)	20.84	23.53	34.9	34.24	26.55
Total Current Taxes	23.88M	16.76M	23.9M	38.9M	48.6M
Total Deferred Taxes	-4.08M	-1.69M	-3.8M	-4.8M	-8M
Normalized Net Income	65.7M	48.45M	63.69M	114M	120M
Interest on Long-Term Debt	4.38M	5.32M	5.5M	5.1M	5.2M
Non-Cash Pension Expense	105K	-258K	-500K	-400K	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	6.1M	-	-
Selling and Marketing Expenses	-	-	6.1M	-	-
Research And Development Expense From Footnotes	1.38M	1.49M	1.8M	2.2M	1.6M
Net Rental Expense, Total	1.3M	1.46M	3.5M	-	-
Imputed Operating Lease Interest Expense	458K	3.48M	19.75M	-	-
Imputed Operating Lease Depreciation	840K	-2.02M	-16.25M	-	-
Stock-Based Comp., Other (Total)	20.13M	25.89M	24M	29.2M	26.5M
Total Stock-Based Compensation	20.13M	25.89M	24M	29.2M	26.5M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Short Term Investments	9.93M	11.21M	1.2M	-	-
Total Cash And Short Term Investments	9.93M	11.21M	1.2M	-	-
Accounts Receivable, Total	450M	437M	529M	506M	606M
Other Receivables	2.27M	3.48M	3.9M	6.8M	9.4M
Total Receivables	452M	440M	533M	513M	615M
Prepaid Expenses	19.51M	24.5M	6.5M	17.3M	9.3M
Other Current Assets, Total	2.34B	2.55B	2.57B	2.68B	3.52B
Total Current Assets	2.83B	3.03B	3.11B	3.21B	4.15B
Gross Property Plant And Equipment	109M	112M	154M	175M	214M
Accumulated Depreciation	-52.13M	-60.11M	-73.2M	-79.1M	-92.7M
Net Property Plant And Equipment	56.95M	51.77M	80.6M	95.5M	122M
Long-term Investments	-	-	-	-	-
Goodwill	168M	168M	508M	505M	505M
Other Intangibles, Total	209M	189M	518M	478M	442M
Deferred Tax Assets Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	12.29M	9.4M	7M	500K	600K
Total Assets	3.27B	3.45B	4.22B	4.29B	5.22B
Liabilities
Accounts Payable, Total	59K	3.21M	8.2M	6.2M	3.1M
Accrued Expenses, Total	105M	101M	169M	215M	217M
Short-term Borrowings	2.21M	1.04M	12.4M	3.8M	8.4M
Current Portion of Leases	4.85M	5M	11.9M	10M	3.7M
Current Income Taxes Payable	-	247K	500K	500K	800K
Other Current Liabilities	2.4B	2.59B	2.45B	2.51B	3.4B
Total Current Liabilities	2.51B	2.7B	2.65B	2.74B	3.63B
Long-Term Debt	39.89M	39.89M	39.9M	39.9M	39.9M
Long-Term Leases	50.12M	45.48M	63M	34.8M	71.2M
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	13.81M	7.53M	86M	78M	67.7M
Other Non Current Liabilities	33.18M	19.01M	36.2M	37M	53.6M
Total Liabilities	2.65B	2.81B	2.87B	2.93B	3.87B
Common Stock, Total	3.1M	3.17M	5.4M	5.5M	5.4M
Additional Paid In Capital	291M	310M	312M	318M	6.9M
Retained Earnings	289M	297M	264M	280M	578M
Treasury Stock	-36.63M	-52.52M	-55.6M	-68.1M	-63.3M
Comprehensive Income and Other	76.96M	76.96M	824M	824M	824M
Total Common Equity	623M	635M	1.35B	1.36B	1.35B
Total Equity	623M	635M	1.35B	1.36B	1.35B
Total Liabilities And Equity	3.27B	3.45B	4.22B	4.29B	5.22B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	58.38M	58.51M	104M	103M	103M
ECS Total Common Shares Outstanding	58.38M	58.51M	104M	103M	103M
Book Value / Share	10.68	10.85	13.03	13.14	13.12
Tangible Book Value	247M	279M	325M	377M	405M
Tangible Book Value Per Share	4.23	4.76	3.14	3.64	3.93
Total Debt	97.08M	91.41M	127M	88.5M	123M
Net Debt	87.14M	80.2M	126M	88.5M	123M
Debt Equivalent of Unfunded Proj. Benefit Obligation	-12.29M	-9.4M	-7M	-500K	-600K
Debt Equivalent Oper. Leases	10.38M	11.69M	28M	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	27.2M	29.09M	35.6M	34.7M	36.8M
Full Time Employees	1.97K	2.17K	3.5K	3.54K	3.25K
Accumulated Allowance for Doubtful Accounts (Supple)	235K	133K	300K	200K	100K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	75.23M	48.98M	37.5M	65.5M	112M
Depreciation & Amortization - CF	9.25M	10.35M	11.7M	21.8M	17.5M
Amortization of Goodwill and Intangible Assets - (CF)	15.6M	19.54M	25.2M	44.6M	45.3M
Depreciation & Amortization, Total	24.84M	29.9M	36.9M	66.4M	62.8M
Amortization of Deferred Charges, Total - (CF)	6.44M	5.05M	5.6M	7.3M	4.4M
(Gain) Loss From Sale Of Asset	-	-	-	100K	-
(Gain) Loss on Sale of Investments - (CF)	-670K	304K	-1M	-	-
Asset Writedown & Restructuring Costs	-	-	4.6M	6.7M	-
Provision for Credit Losses	14K	-45K	-	-	-
Stock-Based Compensation (CF)	20.13M	25.89M	24M	29.1M	27.5M
Other Operating Activities, Total	-8.15M	-17.12M	-7.4M	-7.5M	-500K
Change In Accounts Receivable	20.62M	3.93M	133M	37.4M	38.8M
Change In Accounts Payable	-35.34M	9.8M	-124M	-38.5M	-34.8M
Change in Other Net Operating Assets	-317M	186M	-199M	127M	856M
Cash from Operations	-214M	293M	-89.4M	294M	1.07B
Capital Expenditure	-12.63M	-13.13M	-10.7M	-56.6M	-8.8M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-79.74M	-10.87M	173M	-	-
Investment in Marketable and Equity Securities, Total	-111M	-278M	-242M	18.6M	-589M
Other Investing Activities, Total	-70K	-	-	-	-
Cash from Investing	-203M	-302M	-79.9M	-38M	-598M
Long-Term Debt Issued, Total	39.89M	-	-	-	-
Total Debt Issued	39.89M	-	-	-	-
Long-Term Debt Repaid, Total	-25.22M	-8.48M	-7.5M	-20.9M	-7M
Total Debt Repaid	-25.22M	-8.48M	-7.5M	-20.9M	-7M
Issuance of Common Stock	81.37M	9.26M	-	5.6M	6.9M
Repurchase of Common Stock	-37.03M	-18.57M	-16M	-22M	-55M
Common Dividends Paid	-43.96M	-48.61M	-71.4M	-56.9M	-98.4M
Common & Preferred Stock Dividends Paid	-43.96M	-48.61M	-71.4M	-56.9M	-98.4M
Other Financing Activities, Total	-895K	-5.32M	-5.6M	-5.1M	-5.3M
Cash from Financing	14.15M	-71.71M	-100M	-99.3M	-159M
Net Change in Cash	-403M	-80.87M	-270M	156M	310M
Supplemental Items
Cash Interest Paid	5.89M	26.18M	73.3M	84.9M	74.8M
Cash Income Tax Paid (Refund)	27.21M	17.61M	29.5M	41.8M	52.1M
Levered Free Cash Flow	120M	89.74M	-37.81M	176M	169M
Unlevered Free Cash Flow	122M	107M	10.38M	228M	215M
Change In Net Working Capital	-15.4M	6.4M	157M	-15M	29.9M
Net Debt Issued / Repaid	14.67M	-8.48M	-7.5M	-20.9M	-7M

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.05	1.96	2.92	3.92	3.36
Return on Total Capital	10.39	9.12	10.15	11.4	10.94
Return On Equity %	13.23	7.79	3.78	4.83	8.28
Return on Common Equity	13.23	7.79	3.78	4.83	8.28
Margin Analysis
Gross Profit Margin %	93.76	94.61	95.61	96.61	96.25
SG&A Margin	0.42	0.41	1.42	-	-
EBITDA Margin %	27.68	25.48	31.25	31.52	30.38
EBITA Margin %	26.76	24.55	30.2	30.81	29.56
EBIT Margin %	23.41	20.72	26.47	26.4	25.11
Income From Continuing Operations Margin %	16.16	9.61	5.55	6.48	11.02
Net Income Margin %	16.16	9.61	5.55	6.48	11.02
Net Avail. For Common Margin %	16.16	9.61	5.55	6.48	11.02
Normalized Net Income Margin	14.12	9.51	9.42	11.31	11.83
Levered Free Cash Flow Margin	25.76	17.61	-5.59	17.38	16.61
Unlevered Free Cash Flow Margin	26.27	21.05	1.53	22.57	21.09
Asset Turnover
Asset Turnover	0.14	0.15	0.18	0.24	0.21
Fixed Assets Turnover	7.98	9.37	10.21	11.48	9.38
Receivables Turnover (Average Receivables)	1.08	1.04	1.11	1.61	1.55
Short Term Liquidity
Current Ratio	1.13	1.12	1.17	1.17	1.14
Quick Ratio	0.18	0.17	0.2	0.19	0.17
Operating Cash Flow to Current Liabilities	-0.09	0.11	-0.03	0.11	0.29
Days Sales Outstanding (Average Receivables)	338.16	349.7	327.35	226.89	236.17
Average Days Payable Outstanding	5.3	21.7	70.05	76.83	44.43
Long Term Solvency
Total Debt/Equity	15.57	14.4	9.42	6.51	9.11
Total Debt / Total Capital	13.48	12.59	8.61	6.11	8.35
LT Debt/Equity	14.44	13.45	7.62	5.5	8.22
Long-Term Debt / Total Capital	12.5	11.76	6.96	5.16	7.53
Total Liabilities / Total Assets	80.95	81.58	68.04	68.31	74.09
EBIT / Interest Expense	28.42	3.77	2.32	3.18	3.5
EBITDA / Interest Expense	34.9	4.83	2.8	3.97	4.36
(EBITDA - Capex) / Interest Expense	31.6	4.36	2.66	3.3	4.24
Total Debt / EBITDA	0.73	0.67	0.59	0.27	0.39
Net Debt / EBITDA	0.65	0.59	0.58	0.27	0.39
Total Debt / (EBITDA - Capex)	0.8	0.75	0.62	0.32	0.4
Net Debt / (EBITDA - Capex)	0.72	0.66	0.61	0.32	0.4
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	17.94	9.28	32.95	49.5	3.64
Gross Profit, 1 Yr. Growth %	17.9	10.26	34.38	51.06	3.36
EBITDA, 1 Yr. Growth %	24.5	0.8	62.66	50.78	5.56
EBITA, 1 Yr. Growth %	25.7	0.43	63.23	52.55	6.21
EBIT, 1 Yr. Growth %	28.52	-3.13	69.51	49.11	7.07
Earnings From Cont. Operations, 1 Yr. Growth %	182.26	-34.89	-23.47	74.67	71.45
Net Income, 1 Yr. Growth %	182.26	-34.89	-23.47	74.67	71.45
Normalized Net Income, 1 Yr. Growth %	34.38	-26.26	31.31	79.59	5.36
Diluted EPS Before Extra, 1 Yr. Growth %	171.64	-36.89	-37.67	18.9	73.34
Accounts Receivable, 1 Yr. Growth %	12.99	-2.94	21.23	-4.42	19.66
Net Property, Plant and Equip., 1 Yr. Growth %	-4.6	-9.1	55.6	18.49	27.33
Total Assets, 1 Yr. Growth %	-2.93	5.36	22.55	1.56	21.61
Tangible Book Value, 1 Yr. Growth %	-12.59	12.77	16.62	15.94	7.51
Common Equity, 1 Yr. Growth %	21.3	1.85	112.7	0.68	-0.54
Cash From Operations, 1 Yr. Growth %	-769.12	-273.32	-130.52	-428.41	263.15
Capital Expenditures, 1 Yr. Growth %	-4.98	3.39	-18.32	428.97	-84.45
Levered Free Cash Flow, 1 Yr. Growth %	-13K	-21.29	-144.02	-441.03	14.72
Unlevered Free Cash Flow, 1 Yr. Growth %	3.76K	-7.85	-89.97	-6.96K	7.48
Dividend Per Share, 1 Yr. Growth %	12.5	3.7	3.57	6.9	6.45
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	10.5	13.63	20.43	40.98	22.74
Gross Profit, 2 Yr. CAGR %	10.46	14.12	21.61	42.48	23.15
EBITDA, 2 Yr. CAGR %	9.22	12.02	28.08	56.61	21.03
EBITA, 2 Yr. CAGR %	9.46	12.36	28.04	57.8	21.43
EBIT, 2 Yr. CAGR %	10.9	11.58	28.17	58.98	19.54
Earnings From Cont. Operations, 2 Yr. CAGR %	67.16	35.57	-29.4	15.62	73.05
Net Income, 2 Yr. CAGR %	67.16	35.57	-29.4	15.62	73.05
Normalized Net Income, 2 Yr. CAGR %	17.27	-0.46	-1.55	53.57	37.55
Diluted EPS Before Extra, 2 Yr. CAGR %	62.94	30.93	-37.32	-13.91	43.56
Accounts Receivable, 2 Yr. CAGR %	18.56	4.72	8.47	7.64	6.95
Net Property, Plant and Equip., 2 Yr. CAGR %	-6.33	-6.88	18.96	35.78	22.83
Total Assets, 2 Yr. CAGR %	-1.89	1.13	13.63	11.56	11.13
Tangible Book Value, 2 Yr. CAGR %	-2.06	-0.72	14.67	16.28	11.65
Common Equity, 2 Yr. CAGR %	13.32	11.15	47.18	46.34	0.07
Cash From Operations, 2 Yr. CAGR %	-34.52	202.49	-27.27	0.12	245.34
Capital Expenditures, 2 Yr. CAGR %	-16.1	-0.61	-8.22	107.86	-9.31
Levered Free Cash Flow, 2 Yr. CAGR %	9.86	882.58	-42.41	43.01	81.23
Unlevered Free Cash Flow, 2 Yr. CAGR %	6.94	481.98	-70.15	48.53	703.89
Dividend Per Share, 2 Yr. CAGR %	7.57	8.01	3.64	5.22	6.67
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	11.21	10.16	19.67	29.43	26.05
Gross Profit, 3 Yr. CAGR %	11.42	10.46	20.43	30.72	26.79
EBITDA, 3 Yr. CAGR %	8.44	6.33	26.87	35.24	33.56
EBITA, 3 Yr. CAGR %	8.61	6.36	27.26	35.74	34.01
EBIT, 3 Yr. CAGR %	8.94	6.01	28.29	34.8	34.3
Earnings From Cont. Operations, 3 Yr. CAGR %	17.67	22.08	12.06	-4.51	31.84
Net Income, 3 Yr. CAGR %	17.67	22.08	12.06	-4.51	31.84
Normalized Net Income, 3 Yr. CAGR %	10.16	0.46	9.21	20.3	35.44
Diluted EPS Before Extra, 3 Yr. CAGR %	14.47	18.77	2.19	-22.41	8.71
Accounts Receivable, 3 Yr. CAGR %	11.11	10.91	9.96	3.99	11.51
Net Property, Plant and Equip., 3 Yr. CAGR %	50.11	-7.26	10.52	18.8	32.9
Total Assets, 3 Yr. CAGR %	4.49	0.47	7.82	9.45	14.81
Tangible Book Value, 3 Yr. CAGR %	3.14	2.65	4.75	15.09	13.28
Common Equity, 3 Yr. CAGR %	10.33	9.36	37.99	29.68	28.66
Cash From Operations, 3 Yr. CAGR %	23.99	-16.3	40.82	20.21	53.83
Capital Expenditures, 3 Yr. CAGR %	-11.68	-9.88	-6.98	64.56	-12.42
Levered Free Cash Flow, 3 Yr. CAGR %	42.93	-3.33	243.92	15.5	25.35
Unlevered Free Cash Flow, 3 Yr. CAGR %	39.98	0.11	48.52	25.14	27.61
Dividend Per Share, 3 Yr. CAGR %	7.06	6.27	6.51	4.71	5.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.49	10.55	14.85	21.54	20.89
Gross Profit, 5 Yr. CAGR %	11.58	11.01	15.43	22.25	21.51
EBITDA, 5 Yr. CAGR %	9.98	6.89	15.9	24.16	24.5
EBITA, 5 Yr. CAGR %	10.04	6.94	16	24.54	24.89
EBIT, 5 Yr. CAGR %	10.68	6.24	16.26	24.68	24.72
Earnings From Cont. Operations, 5 Yr. CAGR %	14.54	0.9	-4.07	19.46	33.33
Net Income, 5 Yr. CAGR %	14.54	0.9	-4.07	19.46	33.33
Normalized Net Income, 5 Yr. CAGR %	10.68	0.37	5.32	19.07	19.77
Diluted EPS Before Extra, 5 Yr. CAGR %	10.58	-2.35	-10.04	4.4	17.08
Accounts Receivable, 5 Yr. CAGR %	10.05	10.56	10.05	9.59	8.74
Net Property, Plant and Equip., 5 Yr. CAGR %	27.98	25.76	36.78	8.03	15.29
Total Assets, 5 Yr. CAGR %	6.36	4.71	8.06	4.77	9.13
Tangible Book Value, 5 Yr. CAGR %	9.41	6.72	7.6	7.9	7.46
Common Equity, 5 Yr. CAGR %	13.92	11.81	23.81	22.87	21.35
Cash From Operations, 5 Yr. CAGR %	-17.7	-3.58	-4.47	-10.09	101.6
Capital Expenditures, 5 Yr. CAGR %	-13.53	-4.02	-10.21	25.83	-7.92
Levered Free Cash Flow, 5 Yr. CAGR %	72.18	3.74	-1.63	12.08	183.15
Unlevered Free Cash Flow, 5 Yr. CAGR %	79.99	7.16	-25.29	16.36	132.44
Dividend Per Share, 5 Yr. CAGR %	7.28	6.61	5.68	5.85	6.58