Consolidated statement of cash flow for the year ended May 31, 2026

(Prepared using the indirect method)

in € thousands

Note

2025/2026

2024/2025

Cash flow generated from operating activities

2.7

103,623

65,670

Interest received

1,761

2,777

Interest paid

(11,742)

(14,488)

Interest paid on lease liabilities

5.3

(7,870)

(8,158)

Dividend received

(357)

281

Corporate income tax paid

(5,385)

(9,533)

(23,593)

(29,121)

Net cash from operating activities

80,030

36,549

Net cash from investing activities

Investments in intangible fixed assets

4.2

(4)

(58)

Purchase of property, plant and equipment

4.3

(10,484)

(11,129)

Proceeds on disposals of property, plant and equipment

4.3

2,492

472

Disposal of activities, net of cash received

4.1

799

0

Investments in other financial assets

8.1

(5,546)

(5,704)

Repayment of other financial assets

8.1

1

78

Cash flow from/(used in) investment activities

(12,742)

(16,341)

in € thousands

Note

2025/2026

2024/2025

Net cash from financing activities

Stichting Financiering Deloitte/Members:

- Receipts non-/subordinated loans

5.2

4,575

9,222

- Repayment of non-/subordinated loans

5.2

(19,893)

(13,419)

Net cash inflow from members

(15,318)

(4,197)

Receipts from membership capital

5.1

175

300

Payments to membership capital

5.1

(750)

(525)

Repayment of lease liabilities

4.4

(37,283)

(34,656)

Net cash from / (used in) financing activities

(53,176)

(39,078)

Net cash flow

14,112

(18,870)

Cash and cash equivalents at start of financial year

89,018

108,043

Effect of foreign exchange rate changes

(33)

(155)

Cash and cash equivalents at end of financial year

5.2

103,097

89,018