| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 203.4 | 244.4 | 234.5 | 268.8 | 409.5 | 372.3 | −9.1% | |
| Depreciation & amortization | 90.3 | 88.6 | 101.5 | 105.6 | 120.3 | 131.0 | +8.9% | |
| Stock-based compensation | 3.7 | 5.0 | 12.9 | 16.9 | 21.9 | 0.0 | −100.0% | |
| Change in working capital | 6.2 | (71.4) | (90.2) | (18.2) | 41.3 | (81.1) | −296.4% | |
| Operating cash flow | 268.4 | 229.4 | 241.2 | 385.0 | 492.4 | 453.8 | −7.8% | |
| Capital expenditure | (42.2) | (40.0) | (45.9) | (51.6) | (59.4) | (54.9) | +7.6% | |
| Acquisitions | (19.4) | (94.2) | (317.0) | (237.5) | (110.3) | (420.6) | −281.3% | |
| Investing cash flow | (65.0) | (134.9) | (369.6) | (286.3) | (163.9) | (504.7) | −207.9% | |
| Dividends paid | (63.7) | (68.7) | (73.3) | (78.2) | (83.8) | (89.7) | −7.0% | |
| Share buybacks | (16.2) | (19.3) | (22.3) | (21.1) | (7.9) | (33.5) | −324.1% | |
| Debt issued / repaid | (79.5) | 28.9 | 256.2 | 30.4 | (8.9) | 46.1 | +618.0% | |
| Financing cash flow | (173.5) | (73.7) | 138.5 | (119.7) | (155.1) | (121.1) | +21.9% | |
| Free cash flow | 226.2 | 189.4 | 195.3 | 333.4 | 433.0 | 398.9 | −7.9% | |
| Net change in cash | 27.8 | 23.3 | 12.1 | (26.1) | 170.3 | (169.8) | −199.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
