| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (6.8) | 221.6 | 74.8 | (178.1) | (9.9) | (129.6) | −1209.1% | |
| Depreciation & amortization | 213.7 | 174.5 | 138.4 | 108.8 | 89.9 | 76.6 | −14.8% | |
| Stock-based compensation | 6.4 | 1.2 | 5.4 | 5.5 | 6.0 | 27.4 | +356.7% | |
| Change in working capital | 177.0 | (212.4) | (40.4) | (120.2) | (99.2) | (26.5) | +73.3% | |
| Operating cash flow | 396.3 | (179.1) | 71.9 | (40.3) | (25.2) | 4.7 | +118.7% | |
| Capital expenditure | (87.4) | (58.1) | (47.9) | (61.6) | (50.1) | (9.5) | +81.0% | |
| Acquisitions | 47.3 | 452.6 | 388.4 | 63.4 | 224.2 | (0.7) | −100.3% | |
| Investing cash flow | (34.3) | 422.4 | 344.1 | 9.7 | 201.2 | (43.7) | −121.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (0.6) | (0.8) | −33.3% | |
| Debt issued / repaid | (243.4) | (186.3) | (288.6) | (18.0) | (53.6) | 4.4 | +108.2% | |
| Financing cash flow | (331.3) | (259.7) | (340.7) | (76.3) | (51.5) | (28.5) | +44.7% | |
| Free cash flow | 308.9 | (237.2) | 24.0 | (101.9) | (75.3) | (4.8) | +93.6% | |
| Net change in cash | 21.8 | (39.6) | 75.7 | (109.6) | 123.8 | 10.5 | −91.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
