Cash flow Pershing Square Holdings, Ltd.

Stocks

PSH

GG00BPFJTF46

Closed End Funds

Market Closed - London S.E. Other stock markets 09:05:02 18/06/2026 pm IST			5-day change	1st Jan Change
3,880.00 ^GBX	-1.62%		+1.57%	-19.93%

16/06	Bill Ackman Prepares Four New Investments for Pershing Square
16/06	Bill Ackman prepares four new investments for Pershing Square

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Published financial data: PERSHING SQUARE HOLDINGS, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Gain (Loss) on Sale of Investment, Total (Rev)	255.31Cr	-263.68Cr	302.67Cr	167.64Cr	330.73Cr
Interest And Invest. Income (Rev)	11Cr	17Cr	20Cr	24Cr	17Cr
Other Revenues, Total	58Cr	149.83Cr	-8.8Cr	-25Cr	-
Total Revenues	325.11Cr	-97Cr	314.15Cr	166.09Cr	347.4Cr
Gross Profit	325.11Cr	-97Cr	314.15Cr	166.09Cr	347.4Cr
Selling General & Admin Expenses, Total	62Cr	16Cr	48Cr	43Cr	71Cr
Other Operating Expenses, Total	62Cr	16Cr	48Cr	43Cr	71Cr
Operating Income	263.05Cr	-112.96Cr	265.83Cr	123.24Cr	276.53Cr
Interest Expense, Total	-11Cr	-10Cr	-8.99Cr	-7.73Cr	-11Cr
Net Interest Expenses	-11Cr	-10Cr	-8.99Cr	-7.73Cr	-11Cr
Currency Exchange Gains (Loss)	1.06Cr	3.44Cr	-1.65Cr	3.37Cr	-9.4Cr
EBT, Excl. Unusual Items	253.57Cr	-119.87Cr	255.19Cr	118.88Cr	255.85Cr
Other Unusual Items	-1.21Cr	-	-	-	-
EBT, Incl. Unusual Items	252.35Cr	-119.87Cr	255.19Cr	118.88Cr	255.85Cr
Income Tax Expense	8.72Cr	-2.66Cr	6.58Cr	1.51Cr	3.31Cr
Earnings From Continuing Operations	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Net Income to Company	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Net Income - (IS)	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Net Income to Common Incl Extra Items	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Net Income to Common Excl. Extra Items	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Per Share Items
Net EPS - Basic	12.24	-5.96	13.17	6.38	14.08
Basic EPS - Continuing Operations	12.24	-5.96	13.17	6.38	14.08
Basic Weighted Average Shares Outstanding	20Cr	20Cr	19Cr	18Cr	18Cr
Net EPS - Diluted	12.24	-5.96	13.17	6.38	14.08
Diluted EPS - Continuing Operations	12.24	-5.96	13.17	6.38	14.08
Diluted Weighted Average Shares Outstanding	20Cr	20Cr	19Cr	18Cr	18Cr
Normalized Basic EPS	7.96	-3.81	8.45	4.04	8.91
Normalized Diluted EPS	7.96	-3.81	8.45	4.04	8.91
Dividend Per Share	0.4	0.48	0.52	0.58	0.66
Payout Ratio	3.27	-7.96	3.97	9.13	4.68
Supplemental Items
EBITA	263.05Cr	-112.96Cr	265.83Cr	123.24Cr	276.53Cr
EBIT	263.05Cr	-112.96Cr	265.83Cr	123.24Cr	276.53Cr
Effective Tax Rate - (Ratio)	3.46	2.22	2.58	1.27	1.3
Total Current Taxes	2.81Cr	3.27Cr	3.32Cr	3.2Cr	2.62Cr
Total Deferred Taxes	5.91Cr	-5.93Cr	3.26Cr	-1.69Cr	68.92L
Normalized Net Income	158.48Cr	-75Cr	159.49Cr	74Cr	159.91Cr
Interest on Long-Term Debt	10Cr	9.14Cr	7.49Cr	7.51Cr	10Cr
Supplemental Operating Expense Items
General and Administrative Expenses	62Cr	16Cr	48Cr	43Cr	71Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	176.78Cr	114.74Cr	192.89Cr	44Cr	114.15Cr
Trading Asset Securities, Total	1.3TCr	1.06TCr	1.27TCr	1.51TCr	1.8TCr
Total Cash And Short Term Investments	1.48TCr	1.17TCr	1.46TCr	1.56TCr	1.92TCr
Accounts Receivable, Total	98.22L	1.31Cr	1.51Cr	1.69Cr	1.26Cr
Other Receivables	-	-	-	1.06Cr	-
Total Receivables	98.22L	1.31Cr	1.51Cr	2.75Cr	1.26Cr
Prepaid Expenses	5L	9L	12.43L	12.66L	16.32L
Other Current Assets, Total	100.22Cr	121.16Cr	48Cr	5.25Cr	18Cr
Total Current Assets	1.58TCr	1.3TCr	1.51TCr	1.56TCr	1.94TCr
Total Assets	1.58TCr	1.3TCr	1.51TCr	1.56TCr	1.94TCr
Liabilities
Accounts Payable, Total	18.41L	29.38L	23.39L	26.67L	11.82L
Accrued Expenses, Total	123.75Cr	67Cr	59Cr	23Cr	53Cr
Deferred Tax Liability Current	7.36Cr	5.22Cr	5.37Cr	-	-
Other Current Liabilities	3.88Cr	1.17Cr	3.81Cr	44.1L	3.65Cr
Total Current Liabilities	135.18Cr	74Cr	68Cr	23Cr	57Cr
Long-Term Debt	300.94Cr	233.26Cr	235.19Cr	232.08Cr	366.91Cr
Deferred Tax Liability Non Current	3.8Cr	-	3.12Cr	6.79Cr	7.48Cr
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	439.92Cr	307.19Cr	306.6Cr	262.12Cr	431.21Cr
Common Stock, Total	572.23Cr	572.23Cr	572.23Cr	572.23Cr	572.23Cr
Retained Earnings	592.98Cr	466.44Cr	705.17Cr	811.82Cr	1.05TCr
Treasury Stock	-24Cr	-51Cr	-71Cr	-83Cr	-119.84Cr
Total Common Equity	1.14TCr	987.99Cr	1.21TCr	1.3TCr	1.5TCr
Total Equity	1.14TCr	987.99Cr	1.21TCr	1.3TCr	1.5TCr
Total Liabilities And Equity	1.58TCr	1.3TCr	1.51TCr	1.56TCr	1.94TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	20Cr	19Cr	19Cr	18Cr	18Cr
ECS Total Common Shares Outstanding	20Cr	19Cr	19Cr	18Cr	18Cr
Book Value / Share	57.3	51.77	65.04	71.12	85.32
Tangible Book Value	1.14TCr	987.99Cr	1.21TCr	1.3TCr	1.5TCr
Tangible Book Value Per Share	57.3	51.77	65.04	71.12	85.32
Total Debt	300.94Cr	233.26Cr	235.19Cr	232.08Cr	366.91Cr
Net Debt	-1.18TCr	-939.37Cr	-1.23TCr	-1.32TCr	-1.55TCr
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	243.63Cr	-117.21Cr	248.61Cr	117.37Cr	252.54Cr
Amortization of Deferred Charges, Total - (CF)	39.98L	36.49L	29.72L	29.81L	44.59L
Other Operating Activities, Total	-20.24T	-4.99Cr	1.64Cr	-3.41Cr	12Cr
Change in Trading Asset Securities	-393.47Cr	244.93Cr	-212.26Cr	-241.32Cr	-287.49Cr
Change In Accounts Receivable	-14.28L	-37L	-23.19L	-1.25Cr	1.45Cr
Change In Accounts Payable	-23Cr	-46Cr	31Cr	-8.68Cr	26Cr
Change In Deferred Taxes	5.91Cr	-5.93Cr	3.26Cr	-1.69Cr	68.93L
Change in Other Net Operating Assets	75Cr	-34Cr	36Cr	12Cr	-8.59Cr
Cash from Operations	-91Cr	37Cr	108.02Cr	-126.56Cr	-2.97Cr
Long-Term Debt Issued, Total	127.69Cr	-	-	-	123.8Cr
Total Debt Issued	127.69Cr	-	-	-	123.8Cr
Long-Term Debt Repaid, Total	-	-63Cr	-	-	-
Total Debt Repaid	-	-63Cr	-	-	-
Repurchase of Common Stock	-573	-26Cr	-20Cr	-12Cr	-37Cr
Common Dividends Paid	-7.97Cr	-9.33Cr	-9.88Cr	-11Cr	-12Cr
Common & Preferred Stock Dividends Paid	-7.97Cr	-9.33Cr	-9.88Cr	-11Cr	-12Cr
Other Financing Activities, Total	-39Cr	-55.95T	-	-	-1.41Cr
Cash from Financing	80Cr	-99Cr	-30Cr	-23Cr	73Cr
Net Change in Cash	-11Cr	-62Cr	78Cr	-149.24Cr	70Cr
Supplemental Items
Cash Interest Paid	11Cr	11Cr	8.77Cr	7.56Cr	8.18Cr
Levered Free Cash Flow	212.37Cr	-159.26Cr	227.91Cr	53Cr	188.87Cr
Unlevered Free Cash Flow	218.56Cr	-153.16Cr	233.23Cr	57Cr	195.47Cr
Change In Net Working Capital	-54Cr	83Cr	-67Cr	20Cr	-23Cr
Net Debt Issued / Repaid	127.69Cr	-63Cr	-	-	123.8Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	11.6	-4.91	11.83	5.01	9.88
Return on Total Capital	12.85	-5.3	12.48	5.18	10.15
Return On Equity %	23.81	-11.01	22.66	9.36	18
Return on Common Equity	23.81	-11.01	22.66	9.36	18
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	19.09	-16.58	15.38	25.8	20.4
EBITA Margin %	80.91	116.58	84.62	74.2	79.6
EBIT Margin %	80.91	116.58	84.62	74.2	79.6
Income From Continuing Operations Margin %	74.94	120.96	79.14	70.67	72.69
Net Income Margin %	74.94	120.96	79.14	70.67	72.69
Net Avail. For Common Margin %	74.94	120.96	79.14	70.67	72.69
Normalized Net Income Margin	48.75	77.32	50.77	44.74	46.03
Levered Free Cash Flow Margin	65.32	164.36	72.55	31.78	54.37
Unlevered Free Cash Flow Margin	67.23	158.06	74.24	34.51	56.27
Asset Turnover
Asset Turnover	0.23	-0.07	0.22	0.11	0.2
Short Term Liquidity
Current Ratio	11.69	17.52	22.15	67.24	34.08
Quick Ratio	10.95	15.88	21.45	67.01	33.76
Operating Cash Flow to Current Liabilities	-0.68	0.5	1.58	-5.44	-0.05
Long Term Solvency
Total Debt/Equity	26.38	23.61	19.5	17.84	24.38
Total Debt / Total Capital	20.87	19.1	16.32	15.14	19.6
LT Debt/Equity	26.38	23.61	19.5	17.84	24.38
Long-Term Debt / Total Capital	20.87	19.1	16.32	15.14	19.6
Total Liabilities / Total Assets	27.83	23.72	20.27	16.77	22.27
EBIT / Interest Expense	24.94	-10.92	29.57	15.94	24.51
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-30.02	-129.8	-424.21	-47.13	109.17
Gross Profit, 1 Yr. Growth %	-30.02	-129.8	-424.21	-47.13	109.17
EBITA, 1 Yr. Growth %	-31.55	-142.94	-335.32	-53.64	124.39
EBIT, 1 Yr. Growth %	-31.55	-142.94	-335.32	-53.64	124.39
Earnings From Cont. Operations, 1 Yr. Growth %	-34.13	-148.11	-312.11	-52.79	115.16
Net Income, 1 Yr. Growth %	-34.13	-148.11	-312.11	-52.79	115.16
Normalized Net Income, 1 Yr. Growth %	-32.56	-147.27	-312.89	-53.42	115.22
Diluted EPS Before Extra, 1 Yr. Growth %	-34.78	-148.75	-320.75	-51.56	120.72
Accounts Receivable, 1 Yr. Growth %	16.22	33.51	14.91	12.32	-25.54
Total Assets, 1 Yr. Growth %	26.05	-18.07	16.81	3.33	23.86
Tangible Book Value, 1 Yr. Growth %	26.03	-13.4	22.09	7.86	15.66
Common Equity, 1 Yr. Growth %	26.03	-13.4	22.09	7.86	15.66
Cash From Operations, 1 Yr. Growth %	-371.64	-140.04	195.11	-217.16	-97.65
Levered Free Cash Flow, 1 Yr. Growth %	-3.54	-174.99	-243.11	-78.39	257.84
Unlevered Free Cash Flow, 1 Yr. Growth %	-2.91	-170.08	-252.28	-77.04	241.06
Dividend Per Share, 1 Yr. Growth %	0	18.75	10.06	11.4	13.05
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	17.37	-54.33	-1.7	30.92	5.16
Gross Profit, 2 Yr. CAGR %	17.37	-54.33	-1.7	30.92	5.16
EBITA, 2 Yr. CAGR %	8.18	-45.78	0.53	4.45	1.99
EBIT, 2 Yr. CAGR %	8.18	-45.78	0.53	4.45	1.99
Earnings From Cont. Operations, 2 Yr. CAGR %	6.47	-43.71	1.02	0.07	0.79
Net Income, 2 Yr. CAGR %	6.47	-43.71	1.02	0.07	0.79
Normalized Net Income, 2 Yr. CAGR %	7.82	-43.53	0.32	-0.41	0.13
Diluted EPS Before Extra, 2 Yr. CAGR %	10.48	-43.61	3.73	3.41	3.4
Accounts Receivable, 2 Yr. CAGR %	18.97	24.57	23.86	13.61	-8.55
Total Assets, 2 Yr. CAGR %	48.07	1.62	-2.17	9.86	13.13
Tangible Book Value, 2 Yr. CAGR %	43.14	4.47	2.82	14.76	11.7
Common Equity, 2 Yr. CAGR %	43.14	4.47	2.82	14.76	11.7
Cash From Operations, 2 Yr. CAGR %	1.77	4.29	8.7	85.95	-83.41
Levered Free Cash Flow, 2 Yr. CAGR %	22.51	-14.95	3.6	-42.43	-12.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	22.59	-17.52	3.3	-38.83	-11.5
Dividend Per Share, 2 Yr. CAGR %	0	8.97	14.32	10.73	12.22
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	392.77	-25.67	-12.23	-20.06	53.05
Gross Profit, 3 Yr. CAGR %	392.77	-25.67	-12.23	-20.06	53.05
EBITA, 3 Yr. CAGR %	329.39	-20.49	-11.56	-22.33	34.77
EBIT, 3 Yr. CAGR %	329.39	-20.49	-11.56	-22.33	34.77
Earnings From Cont. Operations, 3 Yr. CAGR %	181.57	-18.3	-12.4	-21.61	29.16
Net Income, 3 Yr. CAGR %	181.57	-18.3	-12.4	-21.61	29.16
Normalized Net Income, 3 Yr. CAGR %	200.43	-18.09	-12.12	-22.32	28.75
Diluted EPS Before Extra, 3 Yr. CAGR %	188.8	-15.89	-11.13	-19.52	33.14
Accounts Receivable, 3 Yr. CAGR %	13.21	23.63	21.26	19.89	-1.32
Total Assets, 3 Yr. CAGR %	45.74	21.56	6.45	-0.37	14.34
Tangible Book Value, 3 Yr. CAGR %	44.94	21.06	10.04	4.48	15.06
Common Equity, 3 Yr. CAGR %	44.94	21.06	10.04	4.48	15.06
Cash From Operations, 3 Yr. CAGR %	16.38	-25.43	47.51	11.45	-56.7
Levered Free Cash Flow, 3 Yr. CAGR %	34.99	4.02	1.16	-37.13	5.85
Unlevered Free Cash Flow, 3 Yr. CAGR %	34.46	1.74	1.19	-35.99	8.47
Dividend Per Share, 3 Yr. CAGR %	-	5.9	9.33	13.34	11.5
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	44.41	137.65	158.59	-6.78	-5.65
Gross Profit, 5 Yr. CAGR %	44.41	137.65	158.59	-6.78	-5.65
EBITA, 5 Yr. CAGR %	33.44	55.81	140.23	-11.32	-6.37
EBIT, 5 Yr. CAGR %	33.44	55.81	140.23	-11.32	-6.37
Earnings From Cont. Operations, 5 Yr. CAGR %	28.34	42.79	86.86	-11.39	-7.35
Net Income, 5 Yr. CAGR %	28.34	42.79	86.86	-11.39	-7.35
Normalized Net Income, 5 Yr. CAGR %	29.87	44.9	93.73	-11.43	-7.41
Diluted EPS Before Extra, 5 Yr. CAGR %	146.83	48.45	91.75	-8.64	-5.58
Accounts Receivable, 5 Yr. CAGR %	-3.5	-6.67	17.35	19.52	8.32
Total Assets, 5 Yr. CAGR %	20.24	17.85	24.26	16.74	9.07
Tangible Book Value, 5 Yr. CAGR %	21.24	19.31	26.34	18.5	10.7
Common Equity, 5 Yr. CAGR %	21.24	19.31	26.34	18.5	10.7
Cash From Operations, 5 Yr. CAGR %	-11.2	-16.82	13.24	7.47	-38.45
Levered Free Cash Flow, 5 Yr. CAGR %	22.63	36.87	21.43	-17.9	-3.02
Unlevered Free Cash Flow, 5 Yr. CAGR %	24.61	39.18	21.01	-16.99	-2.78
Dividend Per Share, 5 Yr. CAGR %	-	-	-	7.8	10.48