Burford Capital Ltd cash flow statement
In fiscal 2025, Burford Capital Ltd's operations generated −$29.0m of cash; it spent $284,000 on capital projects, leaving free cash flow of −$29.3m. It returned $27.4m in dividends and $15.3m through buybacks.
Cash flow statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −274 | 54 | −585 | −466 | −275 | 217 | −29 | −185 |
| Depreciation and amortisation | 13 | 11 | 3 | 4 | 6 | — | — | — |
| Stock-based pay | 5 | 5 | 9 | 8 | 9 | 9 | 14 | 1 |
| Capital spending | 3 | 0 | 0 | 0 | 3 | 1 | 0 | 0 |
| Free cash flow | −277 | 53 | −586 | −467 | −278 | 216 | −29 | −185 |
| Free cash flow after stock pay | −281 | 48 | −594 | −474 | −287 | 207 | −43 | −186 |
| Dividends paid | 28 | — | 41 | 28 | 27 | 27 | 27 | — |
| Share buybacks | — | — | — | 4 | 4 | 5 | 15 | 4 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 280 | −19 | 155 | −84 | −20 | −80 | −137 | 52 |
| Stock-based pay | 3 | 3 | 3 | 7 | 7 | −3 | −5 | 2 |
| Capital spending | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Free cash flow | 280 | −19 | 155 | −84 | −20 | −80 | −137 | 52 |
| Free cash flow after stock pay | 277 | −22 | 152 | −92 | −27 | −77 | −131 | 50 |
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