| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (0.4) | 4.3 | 4.9 | 4.6 | 6.3 | 5.5 | −12.7% | |
| Depreciation & amortization | 0.9 | 0.9 | 0.8 | 0.9 | 1.1 | 0.0 | −100.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| Change in working capital | 26.8 | 46.6 | (48.4) | (29.6) | (7.3) | (24.0) | −230.1% | |
| Operating cash flow | 29.1 | 53.7 | (43.6) | (13.4) | 1.8 | (16.7) | −1041.4% | |
| Capital expenditure | (0.4) | (0.9) | (0.6) | (1.6) | (1.1) | (0.7) | +38.3% | |
| Acquisitions | (0.1) | (3.5) | 5.4 | 5.5 | (1.1) | 0.3 | +126.2% | |
| Investing cash flow | 7.5 | 3.1 | 19.1 | (14.7) | (12.7) | (15.9) | −25.3% | |
| Dividends paid | (0.4) | (1.0) | (3.2) | (1.7) | (1.8) | (2.4) | −32.0% | |
| Share buybacks | (0.0) | (1.8) | (2.1) | (2.4) | (2.7) | (2.6) | +5.8% | |
| Debt issued / repaid | (0.5) | 0.3 | (4.3) | 7.4 | 2.6 | 20.5 | +693.1% | |
| Financing cash flow | 0.1 | (2.6) | (10.7) | (23.5) | (1.9) | 22.4 | +1288.1% | |
| Free cash flow | 28.7 | 52.8 | (44.2) | (14.9) | 0.7 | (17.3) | −2599.6% | |
| Net change in cash | 38.6 | 51.5 | (32.3) | (39.6) | (14.0) | 0.0 | +100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
