| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 165.5 | (35.4) | (494.0) | 172.0 | 113.0 | (111.0) | −198.2% | |
| Depreciation & amortization | 23.8 | 24.6 | 6.0 | 5.0 | 4.0 | 7.0 | +75.0% | |
| Stock-based compensation | 6.5 | 4.8 | (3.0) | 1.0 | 1.0 | 0.0 | −100.0% | |
| Change in working capital | 1,004.8 | (431.4) | 851.0 | (153.0) | 545.0 | (375.0) | −168.8% | |
| Operating cash flow | 897.8 | (668.7) | 145.2 | 141.0 | 863.0 | (379.0) | −143.9% | |
| Capital expenditure | (2.4) | (7.3) | (8.1) | (3.0) | (4.0) | (19.0) | −375.0% | |
| Acquisitions | 0.0 | (70.6) | (194.2) | 0.0 | 0.0 | (9.0) | — | |
| Investing cash flow | (2.4) | (77.9) | (202.3) | (2.0) | (5.0) | (28.0) | −460.0% | |
| Dividends paid | (0.1) | (25.2) | (15.0) | (19.0) | (23.0) | (28.0) | −21.7% | |
| Share buybacks | 0.0 | (350.6) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 110.6 | (3.6) | (76.0) | (26.0) | 142.0 | (155.0) | −209.2% | |
| Financing cash flow | 78.4 | (57.5) | (168.0) | (110.0) | 52.0 | (201.0) | −486.5% | |
| Free cash flow | 895.4 | (676.0) | 137.1 | 138.0 | 859.0 | (398.0) | −146.3% | |
| Net change in cash | 1,229.3 | (986.1) | (165.0) | 31.0 | 913.0 | (50.0) | −105.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
