| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.8 | 2.0 | 1.7 | 0.9 | 1.3 | 1.4 | +7.6% | |
| Depreciation & amortization | 4.3 | 4.4 | 4.8 | 4.8 | 4.9 | 4.9 | −0.6% | |
| Stock-based compensation | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| Change in working capital | (0.8) | (1.4) | (1.1) | (1.6) | (0.7) | (0.7) | +1.8% | |
| Operating cash flow | 6.0 | 5.9 | 6.7 | 6.0 | 7.0 | 7.0 | +0.6% | |
| Capital expenditure | (4.9) | (4.6) | (5.3) | (5.0) | (4.9) | (5.2) | −4.7% | |
| Acquisitions | 0.2 | 0.1 | 0.0 | 0.0 | 0.1 | 0.2 | +169.3% | |
| Investing cash flow | (3.2) | (3.6) | (6.4) | (3.5) | (5.0) | (3.8) | +24.7% | |
| Dividends paid | (0.0) | (0.2) | (0.8) | (0.8) | (0.8) | (0.8) | −2.4% | |
| Share buybacks | (0.0) | (0.2) | (0.1) | (0.1) | (0.1) | (0.1) | −59.5% | |
| Debt issued / repaid | (1.2) | (1.3) | 1.0 | (0.2) | 0.5 | (0.5) | −210.3% | |
| Financing cash flow | (3.2) | (2.6) | (0.6) | (2.4) | (2.1) | (3.1) | −47.1% | |
| Free cash flow | 1.1 | 1.3 | 1.4 | 1.0 | 2.1 | 1.9 | −9.3% | |
| Net change in cash | (0.5) | (0.2) | (0.3) | (0.0) | (0.1) | 0.1 | +200.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
