| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1,138.0 | 83.0 | (1,632.0) | 297.0 | 145.0 | 302.0 | +108.3% | |
| Depreciation & amortization | 128.0 | 148.0 | 176.0 | 176.0 | 190.0 | 0.0 | −100.0% | |
| Stock-based compensation | 51.0 | 40.0 | 34.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 1,007.0 | (8,566.0) | (26,389.0) | 838.0 | (1,300.0) | 7,828.0 | +702.2% | |
| Operating cash flow | 2,387.0 | 1,122.0 | (694.0) | 2,016.0 | 677.0 | 787.0 | +16.2% | |
| Capital expenditure | (821.0) | (770.0) | (573.0) | (496.0) | (289.0) | (175.0) | +39.4% | |
| Acquisitions | (136.0) | 304.0 | 205.0 | (108.0) | 420.0 | 23.0 | −94.5% | |
| Investing cash flow | (957.0) | (466.0) | (368.0) | (603.0) | 152.0 | (152.0) | −200.0% | |
| Dividends paid | (562.0) | (466.0) | (465.0) | (462.0) | (468.0) | (482.0) | −3.0% | |
| Share buybacks | (105.0) | 0.0 | (503.0) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | (23.0) | (30.0) | 0.0 | (450.0) | 0.0 | +100.0% | |
| Financing cash flow | (691.0) | (501.0) | (1,012.0) | (680.0) | (1,142.0) | (531.0) | +53.5% | |
| Free cash flow | 1,566.0 | 352.0 | (1,267.0) | 1,520.0 | 388.0 | 612.0 | +57.7% | |
| Net change in cash | 730.0 | 132.0 | (2,024.0) | 706.0 | (310.0) | 66.0 | +121.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
