| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 390.7 | 242.6 | 365.0 | 130.5 | 157.5 | — | — | |
| Depreciation & amortization | 6.5 | 6.1 | 6.0 | 5.1 | 5.5 | 5.9 | +7.3% | |
| Stock-based compensation | 2.6 | 3.1 | 4.5 | 4.5 | 0.0 | — | — | |
| Change in working capital | 31.5 | (203.6) | (142.9) | (242.6) | (38.8) | 122.6 | +416.0% | |
| Operating cash flow | 432.9 | 61.2 | 246.1 | (65.5) | 146.0 | 340.3 | +133.1% | |
| Capital expenditure | (3.3) | (0.5) | (2.7) | (1.4) | (11.9) | (6.3) | +47.1% | |
| Acquisitions | 1.5 | 0.1 | 0.1 | 0.0 | (4.6) | — | — | |
| Investing cash flow | 5.2 | 19.1 | (18.2) | (8.0) | (19.7) | — | — | |
| Dividends paid | (104.7) | (157.2) | (171.7) | (131.7) | (70.0) | (83.9) | −19.9% | |
| Share buybacks | (2.5) | (7.4) | (66.0) | (34.9) | (1.0) | — | — | |
| Debt issued / repaid | 80.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Financing cash flow | (29.2) | (165.3) | (241.2) | (169.0) | (74.0) | — | — | |
| Free cash flow | 429.6 | 60.7 | 243.4 | (66.9) | 134.1 | 334.0 | +149.1% | |
| Net change in cash | 408.9 | (85.0) | (13.3) | (242.5) | 52.3 | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
