| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 204.1 | 267.1 | 212.6 | 163.9 | 204.3 | 153.5 | −24.9% | |
| Depreciation & amortization | 16.6 | 15.0 | 14.8 | 13.5 | 13.8 | 18.8 | +36.2% | |
| Stock-based compensation | 7.8 | 12.1 | 14.2 | 16.5 | 16.2 | 21.7 | +34.0% | |
| Change in working capital | 75.2 | (51.5) | (56.1) | 17.2 | 21.5 | 27.3 | +27.0% | |
| Operating cash flow | 459.4 | 654.6 | 74.6 | 171.8 | 318.4 | 177.9 | −44.1% | |
| Capital expenditure | (19.4) | (1.4) | (1.2) | (2.5) | (4.4) | (7.1) | −61.4% | |
| Acquisitions | 389.3 | 17.7 | 26.4 | 0.0 | 0.0 | 11.2 | — | |
| Investing cash flow | (408.7) | (393.1) | 2.4 | (4.4) | (7.8) | 4.0 | +151.3% | |
| Dividends paid | (53.9) | (123.7) | (130.2) | (115.8) | (107.2) | (114.8) | −7.1% | |
| Share buybacks | (9.6) | (16.7) | (23.8) | (37.9) | (48.1) | (40.1) | +16.6% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (68.9) | (145.7) | (164.3) | (163.8) | (165.4) | (165.0) | +0.2% | |
| Free cash flow | 440.0 | 653.2 | 73.4 | 169.3 | 314.0 | 170.8 | −45.6% | |
| Net change in cash | 10.4 | 123.3 | (119.4) | (13.8) | 142.6 | 47.8 | −66.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
