| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (1,042.5) | 34.0 | 138.3 | 419.0 | 297.7 | 11.0 | −96.3% | |
| Depreciation & amortization | 374.7 | 330.3 | 347.0 | 393.7 | 400.3 | 444.5 | +11.0% | |
| Stock-based compensation | 11.2 | 14.4 | 17.1 | 20.8 | 22.2 | 42.5 | +91.4% | |
| Change in working capital | (32.7) | 117.7 | 55.6 | (39.5) | (181.2) | 17.4 | +109.6% | |
| Operating cash flow | (140.3) | 480.0 | 499.0 | 620.2 | 801.6 | 894.9 | +11.6% | |
| Capital expenditure | (49.2) | (41.7) | (77.3) | (116.6) | (30.6) | (27.4) | +10.5% | |
| Acquisitions | (111.8) | 211.2 | (319.4) | (612.7) | (1,450.5) | (94.8) | +93.5% | |
| Investing cash flow | (161.9) | 151.5 | 1,473.2 | (684.3) | (1,349.1) | (137.6) | +89.8% | |
| Dividends paid | (0.2) | 0.0 | (43.3) | (176.6) | (248.2) | (268.1) | −8.0% | |
| Share buybacks | (1.3) | (2.7) | (516.6) | (552.8) | (433.6) | (358.6) | +17.3% | |
| Debt issued / repaid | (500.8) | (0.1) | (244.4) | (837.8) | 1,378.7 | (191.9) | −113.9% | |
| Financing cash flow | 405.4 | (45.6) | (813.8) | (1,625.1) | 637.4 | (900.8) | −241.3% | |
| Free cash flow | (189.5) | 438.3 | 421.7 | 503.6 | 771.0 | 867.5 | +12.5% | |
| Net change in cash | 104.3 | 585.4 | 1,241.0 | (1,736.5) | 95.0 | (153.8) | −261.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
