| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 811.1 | 646.6 | 707.4 | 174.7 | 186.4 | — | — | |
| Depreciation & amortization | 20.7 | 23.5 | 28.9 | 33.1 | 41.9 | 36.4 | −13.1% | |
| Stock-based compensation | 20.4 | 24.2 | 10.2 | 19.9 | 19.2 | — | — | |
| Change in working capital | 407.0 | (118.2) | (64.9) | (12.0) | (136.8) | 74.7 | +154.6% | |
| Operating cash flow | 1,082.3 | 417.6 | 465.5 | 96.2 | 73.5 | 458.1 | +523.3% | |
| Capital expenditure | (7.2) | (29.9) | (23.1) | (7.2) | (18.1) | (13.7) | +24.3% | |
| Acquisitions | (2.5) | (213.6) | 22.1 | 0.3 | 195.8 | — | — | |
| Investing cash flow | 13.5 | (222.4) | 55.4 | 12.0 | 151.6 | — | — | |
| Dividends paid | (76.3) | (337.0) | (360.0) | (270.6) | (249.3) | (242.2) | +2.8% | |
| Share buybacks | 0.0 | (28.5) | (215.3) | (23.3) | (50.3) | — | — | |
| Debt issued / repaid | (112.4) | (5.3) | (13.9) | (16.5) | 0.0 | — | — | |
| Financing cash flow | (197.0) | (378.4) | (590.6) | (308.6) | (320.8) | — | — | |
| Free cash flow | 1,075.1 | 387.7 | 442.4 | 89.0 | 55.4 | 445.9 | +704.9% | |
| Net change in cash | 898.8 | (183.2) | (69.7) | (200.4) | (95.7) | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
