M&g annual net debt
2020
2021
2022
2023
2024
2025
M&g Net Debt Growth & History (MNG)
M&g's net debt was −£4.51B for fiscal 2025.
View full M&g company overviewM&g annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −£4.51B | −£98.0M | — |
| 2024 | 2024-12-31 | −£4.41B | £348.0M | — |
| 2023 | 2023-12-31 | −£4.76B | −£442.0M | — |
| 2022 | 2022-12-31 | −£4.32B | £2.18B | — |
| 2021 | 2021-12-31 | −£6.50B | −£73.0M | — |
| 2020 | 2020-12-31 | −£6.42B | — | — |
M&g quarterly net debt
Q4.24
Q2.25
Q4.25
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | £1.04B | −£429.0M | −29.12% |
| Q4 2025 | 2025-12-31 | £2.01B | −£65.0M | −3.14% |
| Q2 2025 | 2025-06-30 | £1.47B | — | — |
| Q4 2024 | 2024-12-31 | £2.07B | — | — |
M&g net debt trends
Over the last five fiscal years, M&g's net debt increased from −£6.42B to −£4.51B, a change of £1.91B. The latest reported quarter, Q2 2026, shows £1.04B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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