| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (274.0) | 1,210.0 | (782.0) | 3,929.0 | 1,703.0 | 106.0 | −93.8% | |
| Depreciation & amortization | 883.0 | 593.0 | 527.0 | 518.0 | 473.0 | 428.0 | −9.5% | |
| Stock-based compensation | 34.0 | 12.0 | 10.0 | 31.0 | 47.0 | 56.0 | +19.1% | |
| Change in working capital | (204.0) | (3,719.0) | (2,895.0) | 244.0 | (252.0) | 164.0 | +165.1% | |
| Operating cash flow | 1,267.0 | 1,611.0 | 1,314.0 | 2,752.0 | 1,149.0 | 876.0 | −23.8% | |
| Capital expenditure | (489.0) | (420.0) | (371.0) | (335.0) | (416.0) | (554.0) | −33.2% | |
| Acquisitions | 43.0 | 92.0 | 115.0 | 12.0 | (88.0) | 109.0 | +223.9% | |
| Investing cash flow | (354.0) | 2,263.0 | (566.0) | 115.0 | 493.0 | (1,052.0) | −313.4% | |
| Dividends paid | 0.0 | 0.0 | (59.0) | (186.0) | (219.0) | (237.0) | −8.2% | |
| Share buybacks | (30.0) | 0.0 | (48.0) | (613.0) | (507.0) | (836.0) | −64.9% | |
| Debt issued / repaid | (234.0) | (706.0) | (365.0) | (318.0) | (539.0) | (143.0) | +73.5% | |
| Financing cash flow | (280.0) | (938.0) | (917.0) | (1,414.0) | (1,548.0) | (1,216.0) | +21.4% | |
| Free cash flow | 778.0 | 1,191.0 | 943.0 | 2,417.0 | 733.0 | 322.0 | −56.1% | |
| Net change in cash | 478.0 | 2,935.0 | (86.0) | 1,387.0 | 64.0 | (2,031.0) | −3273.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
