| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 147.6 | 314.5 | 374.2 | 254.6 | 328.1 | 344.9 | +5.1% | |
| Depreciation & amortization | 114.0 | 115.4 | 125.7 | 141.3 | 154.1 | 167.8 | +8.9% | |
| Stock-based compensation | 3.6 | 10.1 | 7.3 | 6.0 | 9.6 | 10.3 | +7.3% | |
| Change in working capital | 48.1 | (20.2) | (49.7) | 29.3 | (65.3) | (26.3) | +59.7% | |
| Operating cash flow | 329.8 | 437.4 | 396.4 | 372.3 | 400.1 | 498.8 | +24.7% | |
| Capital expenditure | (69.7) | (85.9) | (140.8) | (118.9) | (122.0) | (156.5) | −28.3% | |
| Acquisitions | 0.0 | 0.1 | (13.9) | 0.0 | 0.0 | 0.1 | — | |
| Investing cash flow | (69.7) | (85.8) | (154.7) | (114.2) | (112.1) | (156.4) | −39.5% | |
| Dividends paid | 0.0 | (133.6) | (115.0) | (114.1) | (115.9) | (116.6) | −0.6% | |
| Share buybacks | (9.8) | (50.0) | (250.5) | (50.0) | 0.0 | (100.2) | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | (92.7) | 0.0 | +100.0% | |
| Financing cash flow | (96.8) | (267.0) | (444.6) | (285.4) | (228.9) | (340.7) | −48.8% | |
| Free cash flow | 260.1 | 351.5 | 255.6 | 253.4 | 278.1 | 342.3 | +23.1% | |
| Net change in cash | 163.3 | 84.6 | (207.3) | (25.2) | 60.8 | 0.9 | −98.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
