| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 268.3 | 476.7 | 765.2 | 706.2 | 863.1 | 901.8 | +4.5% | |
| Depreciation & amortization | 72.5 | 72.9 | 58.6 | 50.4 | 33.1 | 29.4 | −11.3% | |
| Stock-based compensation | 22.3 | 23.7 | 22.3 | 47.5 | 46.7 | 47.1 | +0.7% | |
| Change in working capital | (784.4) | 713.4 | 224.3 | (687.0) | (1,537.0) | (1,214.4) | +21.0% | |
| Operating cash flow | (373.3) | 1,294.2 | 990.7 | 131.5 | (567.8) | (312.2) | +45.0% | |
| Capital expenditure | (13.3) | (9.3) | (30.3) | (19.0) | (17.0) | (59.2) | −248.4% | |
| Acquisitions | 14.8 | 14.4 | 15.8 | (190.9) | (4.8) | (11.3) | −135.8% | |
| Investing cash flow | 12.9 | 1.1 | 3.2 | (209.4) | 11.0 | (34.4) | −411.5% | |
| Dividends paid | (53.3) | (178.4) | (260.7) | (296.7) | (320.8) | (337.3) | −5.2% | |
| Share buybacks | (40.1) | (185.8) | (338.5) | (113.7) | (69.7) | (62.1) | +10.9% | |
| Debt issued / repaid | (53.5) | (162.4) | (46.4) | (101.5) | 21.1 | (51.7) | −345.4% | |
| Financing cash flow | 82.0 | 669.4 | (411.3) | (372.1) | (559.2) | (755.1) | −35.0% | |
| Free cash flow | (386.6) | 1,284.8 | 960.4 | 112.5 | (584.8) | (371.4) | +36.5% | |
| Net change in cash | 385.4 | 2,472.3 | (553.5) | (545.5) | (1,115.4) | (1,051.6) | +5.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
