| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 823.0 | 1,115.0 | (615.0) | 1.0 | 251.0 | 442.0 | +76.1% | |
| Depreciation & amortization | 198.0 | 147.0 | 168.0 | 160.0 | 152.0 | 131.0 | −13.8% | |
| Stock-based compensation | 64.0 | 43.0 | 24.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (174.0) | 5.0 | 156.0 | 25.0 | (101.0) | (182.0) | −80.2% | |
| Operating cash flow | 56.0 | 14.0 | 110.0 | 221.0 | 213.0 | 427.0 | +100.5% | |
| Capital expenditure | (25.0) | (12.0) | (27.0) | (59.0) | (33.0) | (21.0) | +36.4% | |
| Acquisitions | 856.0 | 286.0 | (1,381.0) | 38.0 | 67.0 | 141.0 | +110.4% | |
| Investing cash flow | 1,014.0 | 755.0 | (86.0) | 542.0 | 258.0 | 438.0 | +69.8% | |
| Dividends paid | (479.0) | (308.0) | (307.0) | (279.0) | (260.0) | (261.0) | −0.4% | |
| Share buybacks | (415.0) | (82.0) | (348.0) | (329.0) | (26.0) | (34.0) | −30.8% | |
| Debt issued / repaid | (135.0) | 181.0 | (138.0) | (24.0) | (23.0) | (16.0) | +30.4% | |
| Financing cash flow | (1,064.0) | (243.0) | (761.0) | (711.0) | (342.0) | (394.0) | −15.2% | |
| Free cash flow | 31.0 | 2.0 | 83.0 | 162.0 | 180.0 | 406.0 | +125.6% | |
| Net change in cash | 11.0 | 517.0 | (709.0) | 44.0 | 125.0 | 467.0 | +273.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
