| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 247.3 | 288.1 | 288.8 | 297.4 | 367.2 | 343.5 | −6.5% | |
| Depreciation & amortization | 202.1 | 198.6 | 215.3 | 209.5 | 194.0 | 202.9 | +4.6% | |
| Stock-based compensation | 17.7 | 18.6 | 17.5 | 21.2 | 24.4 | 24.3 | −0.4% | |
| Change in working capital | 88.1 | 28.7 | 4.0 | 9.6 | 18.7 | (32.0) | −271.1% | |
| Operating cash flow | 559.9 | 551.7 | 562.1 | 535.0 | 597.1 | 540.1 | −9.5% | |
| Capital expenditure | (79.8) | (97.1) | (116.5) | (116.9) | (135.0) | (144.5) | −7.0% | |
| Acquisitions | 7.1 | (490.8) | (59.0) | (43.2) | (14.9) | (178.9) | −1100.7% | |
| Investing cash flow | (72.7) | (587.9) | (175.5) | (145.1) | (142.2) | (323.4) | −127.4% | |
| Dividends paid | (170.4) | (170.6) | (170.6) | (176.3) | (206.1) | (252.2) | −22.4% | |
| Share buybacks | (12.2) | (11.4) | (2.3) | (11.6) | (24.7) | (367.9) | −1389.5% | |
| Debt issued / repaid | (227.2) | 398.9 | (141.0) | (89.1) | (73.7) | 513.3 | +796.5% | |
| Financing cash flow | (508.9) | 122.8 | (334.9) | (376.2) | (402.4) | (213.2) | +47.0% | |
| Free cash flow | 480.1 | 454.6 | 445.6 | 418.1 | 462.1 | 395.6 | −14.4% | |
| Net change in cash | (23.5) | 62.0 | 55.7 | (22.1) | 37.9 | (13.8) | −136.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
