| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 2.9 | 4.4 | 4.9 | 4.5 | 2.9 | 3.2 | +11.7% | |
| Depreciation & amortization | 1.7 | 1.8 | 2.0 | 2.1 | 2.2 | 2.2 | +3.3% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +21.6% | |
| Change in working capital | 0.3 | 0.4 | 0.3 | 0.7 | 0.0 | 0.7 | +2900.0% | |
| Operating cash flow | 4.5 | 6.3 | 6.9 | 6.9 | 6.8 | 6.2 | −8.4% | |
| Capital expenditure | (4.8) | (5.5) | (6.9) | (6.9) | (8.8) | (10.0) | −13.8% | |
| Acquisitions | (0.1) | (7.7) | 7.0 | 0.1 | 1.3 | 2.9 | +123.2% | |
| Investing cash flow | (5.1) | (14.0) | 0.2 | (7.5) | (10.6) | (4.5) | +57.5% | |
| Dividends paid | (1.4) | (0.9) | (1.6) | (1.7) | (1.5) | (1.6) | −6.1% | |
| Share buybacks | (0.0) | (0.0) | 0.0 | (0.0) | (0.0) | 0.0 | +100.0% | |
| Debt issued / repaid | 2.9 | 11.1 | (3.9) | 4.4 | 1.3 | (1.0) | −177.9% | |
| Financing cash flow | 0.8 | 7.8 | (7.2) | 1.0 | 4.5 | (2.7) | −159.4% | |
| Free cash flow | (0.3) | 0.7 | 0.0 | (0.5) | (2.5) | (3.8) | −50.4% | |
| Net change in cash | 0.1 | 0.0 | (0.0) | 0.4 | 0.6 | (0.8) | −229.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
