| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 30.0 | 140.0 | 288.0 | 197.0 | 178.0 | 263.0 | +47.8% | |
| Depreciation & amortization | 99.0 | 109.0 | 111.0 | 114.0 | 129.0 | 123.0 | −4.7% | |
| Stock-based compensation | 13.0 | 7.0 | 9.0 | 24.0 | 26.0 | 16.0 | −38.5% | |
| Change in working capital | 167.0 | 269.0 | (54.0) | (70.0) | 14.0 | 408.0 | +2814.3% | |
| Operating cash flow | 274.0 | 353.0 | 168.0 | 285.0 | 265.0 | 692.0 | +161.1% | |
| Capital expenditure | (33.0) | (35.0) | (31.0) | (66.0) | (28.0) | (49.0) | −75.0% | |
| Acquisitions | 9.0 | 53.0 | 3.0 | 0.0 | 0.0 | 5.0 | — | |
| Investing cash flow | 7.0 | 116.0 | 146.0 | 33.0 | 46.0 | 55.0 | +19.6% | |
| Dividends paid | 0.0 | (29.0) | (58.0) | (58.0) | (61.0) | (64.0) | −4.9% | |
| Share buybacks | (120.0) | (151.0) | (176.0) | (169.0) | (113.0) | (157.0) | −38.9% | |
| Debt issued / repaid | (34.0) | 2.0 | 131.0 | 102.0 | 26.0 | (8.0) | −130.8% | |
| Financing cash flow | (253.0) | (266.0) | (189.0) | (158.0) | (251.0) | (298.0) | −18.7% | |
| Free cash flow | 241.0 | 318.0 | 137.0 | 219.0 | 237.0 | 643.0 | +171.3% | |
| Net change in cash | 14.0 | 207.0 | 180.0 | 131.0 | 63.0 | 302.0 | +379.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
