| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (157.9) | 79.2 | 82.5 | 562.2 | 525.5 | 73.0 | −86.1% | |
| Depreciation & amortization | 190.4 | 199.4 | 239.4 | 225.0 | 241.8 | 244.8 | +1.2% | |
| Stock-based compensation | 5.2 | 7.4 | 9.6 | 13.9 | 14.0 | 15.7 | +12.1% | |
| Change in working capital | 36.9 | 27.3 | (402.8) | 107.8 | 122.1 | 86.3 | −29.3% | |
| Operating cash flow | 306.2 | 306.5 | 207.7 | 835.6 | 859.5 | 809.8 | −5.8% | |
| Capital expenditure | (174.4) | (209.7) | (174.7) | (441.1) | (387.5) | (282.0) | +27.2% | |
| Acquisitions | 1.6 | (19.8) | (7.6) | (10.7) | (2.9) | 7.8 | +369.0% | |
| Investing cash flow | (171.3) | (228.8) | (180.7) | (451.8) | (389.9) | (288.4) | +26.0% | |
| Dividends paid | (64.7) | (70.9) | (78.9) | (86.3) | (93.5) | (95.7) | −2.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (149.2) | (115.4) | (221.1) | −91.6% | |
| Debt issued / repaid | (176.1) | 33.1 | (15.9) | 14.7 | (217.4) | (233.6) | −7.5% | |
| Financing cash flow | (249.1) | (50.4) | (111.9) | (237.9) | (491.6) | (577.5) | −17.5% | |
| Free cash flow | 131.8 | 96.8 | 33.0 | 394.5 | 472.0 | 527.8 | +11.8% | |
| Net change in cash | (114.3) | 27.6 | (79.4) | 141.5 | (23.5) | (53.9) | −129.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
