Michael Page annual net debt
2020
2021
2022
2023
2024
2025
Michael Page Net Debt Growth & History (PAGE)
Michael Page's net debt was £100.9M for fiscal 2025.
View full Michael Page company overviewMichael Page annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | £100.9M | £59.4M | +143.42% |
| 2024 | 2024-12-31 | £41.4M | £20.6M | +99.29% |
| 2023 | 2023-12-31 | £20.8M | £42.4M | — |
| 2022 | 2022-12-31 | −£21.6M | £30.0M | — |
| 2021 | 2021-12-31 | −£51.6M | £10.9M | — |
| 2020 | 2020-12-31 | −£62.5M | — | — |
Michael Page quarterly net debt
Q4.24
Q2.25
Q4.25
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q4 2025 | 2025-12-31 | £100.9M | £59.4M | +143.42% |
| Q2 2025 | 2025-06-30 | £132.1M | — | — |
| Q4 2024 | 2024-12-31 | £41.4M | — | — |
Michael Page net debt trends
Over the last five fiscal years, Michael Page's net debt increased from −£62.5M to £100.9M, a change of £163.4M. The latest reported quarter, Q4 2025, shows £100.9M.
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.
Review Michael Page source filings ↗