Company: AZN
Filing Date: 2025-11-06
Form Type: 6-K
Source: 0001654954-25-012630
Chunk: 14

Company: ASTRAZENECA PLC
Filing Date: 2025-11-06
Form: 6-K
Chunk 14
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5.

The change in Net cash inflow before financing activities of $4,716m is primarily driven by the reduction in cash outflow relating to the Acquisitions of subsidiaries, net of cash acquired of $2,771m, which in 2024 related to the acquisition of Gracell Biotechnologies Inc. and the acquisition of Fusion Pharmaceuticals Inc.

The change in Net cash outflow from financing activities of $937m is primarily driven by the issue of new long-term loans of $6,492m in 2024, with no issuance in 2025, and offset by the repayment of loans of $4,647m in 2024, with no repayment in 2025.

Capital expenditure

Capital expenditure on tangible assets and Software-related intangible assets amounted to $2,091m in 9M 2025 (9M 2024: $1,415m). The increase of capital expenditure in 2025 was driven by investment in several major manufacturing projects and continued investment in technology upgrades.

Net debt

Net debt decreased by $605m in the nine months to 30 September 2025 to $23,965m. Details of the committed undrawn bank facilities are disclosed within the going concern section of Note 1. Details of the Company's solicited credit ratings and further details on Net debt are disclosed in Note 3.

Net debt

Table 12: Net debt summary

|                                                    | At 30 Sep2025 
            $m | At 31 Dec 2024 
             $m | At 30 Sep 2024 
             $m |
| Cash and cash equivalents                          |         8,143 |          5,488 |          4,797 |
| Other investments                                  |            39 |            166 |            133 |
| Cash and investments                               |         8,182 |          5,654 |          4,930 |
| Overdrafts and short-term borrowings               |          -622 |           -330 |           -769 |
| Commercial paper                                   |        -1,091 |              - |           -472 |
| Lease liabilities                                  |        -1,758 |         -1,452 |         -1,422 |
| Current instalments of loans                       |        -4,461 |         -2,007 |            -12 |
| Non-current instalments of loans                   |       -24,700 |        -26,506 |        -28,887 |
| Interest-bearing