| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 201.6 | 320.8 | 649.3 | 171.0 | 279.7 | 62.0 | −77.8% | |
| Depreciation & amortization | 81.8 | 113.3 | 120.7 | 126.2 | 135.8 | 137.0 | +0.9% | |
| Stock-based compensation | 4.1 | 29.1 | (11.0) | (4.2) | 5.0 | 5.0 | +0.0% | |
| Change in working capital | (7.3) | (102.5) | (133.8) | 29.1 | 20.9 | (7.7) | −136.8% | |
| Operating cash flow | 287.5 | 349.2 | 313.3 | 337.5 | 319.4 | 289.5 | −9.4% | |
| Capital expenditure | (121.2) | (158.7) | (152.4) | (189.0) | (181.8) | (117.7) | +35.3% | |
| Acquisitions | (868.0) | (58.6) | 583.9 | (200.3) | 0.9 | 0.3 | −66.7% | |
| Investing cash flow | (992.4) | (218.4) | 418.1 | (409.8) | (139.1) | (109.8) | +21.1% | |
| Dividends paid | (115.9) | (132.4) | (144.4) | (150.7) | (152.2) | (154.9) | −1.8% | |
| Share buybacks | (6.9) | (2.4) | (7.3) | (9.8) | (1.8) | (7.3) | −305.6% | |
| Debt issued / repaid | 237.3 | 23.2 | (381.8) | 125.1 | (9.0) | 29.3 | +425.6% | |
| Financing cash flow | 722.4 | (111.9) | (550.9) | (52.4) | (182.6) | (152.6) | +16.4% | |
| Free cash flow | 166.3 | 190.5 | 160.9 | 156.8 | 137.6 | 171.8 | +24.9% | |
| Net change in cash | 24.6 | 6.3 | 207.8 | (131.4) | (8.5) | 6.0 | +170.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
