| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 0.4 | 59.5 | 73.7 | 85.6 | 20.0 | 55.4 | +177.0% | |
| Depreciation & amortization | 91.9 | 83.7 | 84.3 | 82.1 | 85.7 | 80.5 | −6.1% | |
| Stock-based compensation | 0.4 | 4.7 | 1.7 | 5.1 | 0.6 | 3.4 | +466.7% | |
| Change in working capital | 26.2 | (20.0) | (37.0) | 0.4 | 7.9 | (4.4) | −155.7% | |
| Operating cash flow | 134.4 | 139.1 | 137.1 | 191.6 | 152.6 | 135.3 | −11.3% | |
| Capital expenditure | (59.9) | (52.0) | (67.0) | (82.4) | (70.1) | (76.4) | −9.0% | |
| Acquisitions | (64.8) | (54.3) | 4.7 | 10.4 | (51.8) | 22.3 | +143.1% | |
| Investing cash flow | (124.7) | (104.8) | (62.3) | (71.2) | (112.8) | (56.0) | +50.4% | |
| Dividends paid | (25.1) | (49.0) | (38.5) | (40.6) | (42.9) | (40.9) | +4.7% | |
| Share buybacks | (0.5) | 0.0 | 0.0 | (13.2) | (57.7) | (57.6) | +0.2% | |
| Debt issued / repaid | 39.8 | (14.4) | (24.3) | (36.1) | (13.5) | 41.3 | +405.9% | |
| Financing cash flow | (6.3) | (30.3) | (82.8) | (110.2) | (67.6) | (71.0) | −5.0% | |
| Free cash flow | 74.5 | 87.1 | 70.1 | 109.2 | 82.5 | 58.9 | −28.6% | |
| Net change in cash | 8.3 | 8.7 | (2.1) | 8.5 | (28.7) | 6.1 | +121.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
