| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 153.8 | 185.3 | 182.8 | 197.6 | 170.8 | 153.7 | −10.0% | |
| Depreciation & amortization | 83.8 | 90.7 | 90.9 | 80.7 | 81.3 | 87.6 | +7.7% | |
| Stock-based compensation | 8.0 | 10.6 | 8.6 | 7.7 | 7.1 | 9.0 | +26.8% | |
| Change in working capital | (26.4) | (79.5) | (61.5) | 135.9 | (319.7) | 11.2 | +103.5% | |
| Operating cash flow | 235.3 | 222.3 | 241.6 | 410.6 | 417.1 | 295.6 | −29.1% | |
| Capital expenditure | (27.5) | (30.3) | (35.5) | (35.1) | (19.0) | (21.8) | −14.7% | |
| Acquisitions | (28.4) | 5.0 | (27.2) | 0.0 | 0.0 | (1.6) | — | |
| Investing cash flow | (55.9) | (25.3) | (62.7) | (39.4) | (38.2) | (37.6) | +1.6% | |
| Dividends paid | (13.9) | (62.4) | (80.5) | (77.3) | (78.9) | (74.6) | +5.4% | |
| Share buybacks | (19.0) | (25.5) | (34.4) | (38.0) | (221.8) | (21.9) | +90.1% | |
| Debt issued / repaid | (19.7) | (89.0) | (16.6) | (6.9) | (46.1) | 14.9 | +132.3% | |
| Financing cash flow | (94.6) | (226.1) | (180.5) | (163.6) | (349.4) | (122.2) | +65.0% | |
| Free cash flow | 207.8 | 192.0 | 206.1 | 375.5 | 398.1 | 273.8 | −31.2% | |
| Net change in cash | 92.0 | (24.6) | (10.1) | 206.8 | 18.4 | 138.9 | +654.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
