| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 430.0 | 442.8 | 474.4 | 526.2 | 673.6 | 459.2 | −31.8% | |
| Depreciation & amortization | 272.1 | 277.7 | 317.9 | 342.8 | 384.1 | 404.7 | +5.4% | |
| Stock-based compensation | 14.9 | 12.7 | 14.1 | 15.4 | 17.2 | 3.5 | −79.7% | |
| Change in working capital | 5.0 | 2.1 | 54.5 | (28.4) | (97.1) | (30.5) | +68.6% | |
| Operating cash flow | 748.7 | 698.3 | 905.9 | 904.0 | 910.9 | 836.6 | −8.2% | |
| Capital expenditure | (33.1) | (32.7) | (46.7) | (58.3) | (54.4) | (71.5) | −31.4% | |
| Acquisitions | (362.0) | (434.0) | (192.7) | (335.6) | (633.3) | (98.8) | +84.4% | |
| Investing cash flow | (395.1) | (466.7) | (239.4) | (339.5) | (609.1) | (170.3) | +72.0% | |
| Dividends paid | (171.5) | (180.4) | (190.5) | (209.7) | (228.6) | (242.2) | −5.9% | |
| Share buybacks | (49.1) | (34.2) | (74.0) | (76.4) | (247.9) | (251.1) | −1.3% | |
| Debt issued / repaid | 311.0 | (120.4) | 61.5 | (159.5) | 428.8 | (63.8) | −114.9% | |
| Financing cash flow | (65.6) | (415.2) | (269.1) | (666.9) | (381.1) | (774.6) | −103.3% | |
| Free cash flow | 715.6 | 665.6 | 859.2 | 845.7 | 856.5 | 765.1 | −10.7% | |
| Net change in cash | 333.8 | (167.4) | 727.1 | (126.2) | (106.9) | (892.8) | −735.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
