| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 202.1 | 165.2 | 81.1 | 142.0 | (77.9) | — | — | |
| Depreciation & amortization | 100.1 | 100.3 | 108.2 | 111.7 | 140.8 | 87.6 | −37.8% | |
| Stock-based compensation | 13.6 | 11.4 | 8.0 | 0.0 | 5.0 | — | — | |
| Change in working capital | (205.2) | (460.7) | 306.2 | (677.0) | (80.6) | 126.3 | +256.7% | |
| Operating cash flow | 100.1 | (201.4) | 693.1 | (382.0) | 351.1 | 348.0 | −0.9% | |
| Capital expenditure | (56.8) | (58.4) | (61.9) | (44.5) | (5.3) | (28.6) | −439.6% | |
| Acquisitions | 2.3 | 0.1 | (0.5) | 1.1 | (0.5) | — | — | |
| Investing cash flow | (806.6) | (243.7) | (603.6) | (1,149.3) | 61.4 | — | — | |
| Dividends paid | (86.6) | (95.5) | (99.1) | (67.1) | 0.0 | — | — | |
| Share buybacks | (12.1) | (9.5) | (5.0) | (3.5) | (1.6) | — | — | |
| Debt issued / repaid | 50.1 | 368.9 | (85.4) | (374.6) | (241.6) | — | — | |
| Financing cash flow | 681.8 | 391.5 | 736.8 | 513.4 | (155.2) | — | — | |
| Free cash flow | 43.3 | (259.8) | 631.2 | (426.5) | 345.8 | 345.1 | −0.2% | |
| Net change in cash | (24.7) | (53.6) | 826.3 | (364.8) | 257.3 | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
