| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 285.0 | 378.0 | 428.0 | 210.0 | 521.0 | 220.0 | −57.8% | |
| Depreciation & amortization | 132.0 | 131.0 | 129.0 | 135.0 | 190.0 | 111.0 | −41.6% | |
| Stock-based compensation | 6.0 | 12.0 | 19.0 | 16.0 | 18.0 | 16.0 | −11.1% | |
| Change in working capital | 137.0 | (141.0) | (150.0) | 90.0 | (144.0) | (196.0) | −36.1% | |
| Operating cash flow | 525.0 | 171.0 | 304.0 | 385.0 | 333.0 | 202.0 | −39.3% | |
| Capital expenditure | (66.0) | (45.0) | (78.0) | (70.0) | (49.0) | (26.0) | +46.9% | |
| Acquisitions | 2.0 | (11.0) | (121.0) | (1.0) | 282.0 | (18.0) | −106.4% | |
| Investing cash flow | (74.0) | (76.0) | (221.0) | (97.0) | 246.0 | (56.0) | −122.8% | |
| Dividends paid | 0.0 | 0.0 | (201.0) | (201.0) | (198.0) | (187.0) | +5.6% | |
| Share buybacks | (1.0) | 0.0 | 0.0 | 0.0 | (199.0) | (38.0) | +80.9% | |
| Debt issued / repaid | (2.0) | 3.0 | (257.0) | (50.0) | (6.0) | (17.0) | −183.3% | |
| Financing cash flow | (26.0) | (24.0) | (483.0) | (287.0) | (489.0) | (266.0) | +45.6% | |
| Free cash flow | 459.0 | 126.0 | 226.0 | 315.0 | 284.0 | 176.0 | −38.0% | |
| Net change in cash | 422.0 | 68.0 | (388.0) | (8.0) | 87.0 | (125.0) | −243.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
