| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 6.7 | 208.9 | 146.8 | 142.8 | 137.4 | 348.6 | +153.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 3.4 | 0.7 | 1.6 | (1.2) | (0.3) | 5.0 | +1533.5% | |
| Operating cash flow | 55.3 | 58.1 | 67.5 | 67.4 | 62.9 | 80.5 | +27.9% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.9) | 47.1 | 20.9 | 60.3 | 86.2 | 42.9 | −50.2% | |
| Dividends paid | (69.2) | (69.9) | (69.0) | (70.0) | (71.9) | (71.4) | +0.8% | |
| Share buybacks | (9.3) | (28.9) | (10.1) | (12.3) | (44.3) | (35.7) | +19.4% | |
| Debt issued / repaid | 0.0 | (0.1) | (0.0) | (60.0) | (30.0) | 0.0 | +100.0% | |
| Financing cash flow | (77.5) | (99.0) | (79.1) | (139.6) | (146.2) | (107.1) | +26.8% | |
| Free cash flow | 55.3 | 58.1 | 67.5 | 67.4 | 62.9 | 80.5 | +27.9% | |
| Net change in cash | (26.8) | 5.5 | 9.4 | (12.3) | 2.9 | 16.2 | +468.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
