| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (24.5) | 68.1 | 96.7 | 56.3 | 58.8 | (2.6) | −104.4% | |
| Depreciation & amortization | 48.0 | 44.0 | 42.8 | 42.8 | 44.4 | 43.0 | −3.2% | |
| Stock-based compensation | 0.7 | 4.5 | 5.7 | 2.9 | 2.8 | 0.0 | −100.0% | |
| Change in working capital | 34.7 | (31.7) | (135.5) | (6.6) | 13.6 | 47.8 | +251.5% | |
| Operating cash flow | 110.7 | 106.2 | 20.6 | 78.5 | 113.3 | 120.6 | +6.4% | |
| Capital expenditure | (30.0) | (31.6) | (58.0) | (60.4) | (96.1) | (67.1) | +30.2% | |
| Acquisitions | 3.9 | 4.4 | 0.6 | 1.9 | 0.8 | 18.6 | +2225.0% | |
| Investing cash flow | (27.1) | (13.9) | (57.0) | (60.2) | (86.0) | (55.0) | +36.0% | |
| Dividends paid | (5.7) | (19.1) | (31.6) | (34.2) | (34.5) | (34.1) | +1.2% | |
| Share buybacks | (1.8) | (5.9) | (2.9) | (4.7) | (8.2) | (18.8) | −129.3% | |
| Debt issued / repaid | (41.9) | (72.3) | 74.3 | 53.3 | 33.3 | (31.3) | −194.0% | |
| Financing cash flow | (66.8) | (112.2) | 23.4 | (2.0) | (33.0) | (99.5) | −201.5% | |
| Free cash flow | 80.7 | 74.6 | (37.4) | 18.1 | 17.2 | 53.5 | +211.0% | |
| Net change in cash | 15.0 | (20.5) | (9.6) | 6.8 | (13.0) | (41.5) | −219.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
