| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 190.8 | 340.6 | 401.0 | 282.6 | 418.1 | 382.5 | −8.5% | |
| Depreciation & amortization | 13.8 | 14.5 | 13.4 | 11.9 | 11.3 | 15.9 | +40.7% | |
| Stock-based compensation | 5.1 | 6.7 | 8.1 | 5.6 | 6.3 | 6.9 | +9.5% | |
| Change in working capital | (26.3) | 23.0 | 514.1 | (422.3) | 1,691.0 | (147.0) | −108.7% | |
| Operating cash flow | 170.2 | 353.8 | 929.2 | (40.4) | 2,235.7 | 194.3 | −91.3% | |
| Capital expenditure | (7.5) | (6.8) | (11.7) | (25.8) | (43.9) | (32.9) | +25.1% | |
| Acquisitions | (2,622.3) | 2.0 | (2,842.6) | 0.0 | 0.0 | 0.4 | — | |
| Investing cash flow | (1,110.2) | (1,666.6) | (2,712.2) | (2,411.8) | (29.3) | (1,294.1) | −4316.7% | |
| Dividends paid | 0.0 | (86.7) | (133.1) | (143.7) | (126.4) | (125.5) | +0.7% | |
| Share buybacks | 0.0 | 0.0 | (102.0) | (152.4) | (90.6) | (89.4) | +1.3% | |
| Debt issued / repaid | 887.6 | 647.8 | 105.3 | (101.7) | (980.3) | 65.2 | +106.7% | |
| Financing cash flow | 1,207.8 | 1,678.9 | 2,090.4 | 1,922.1 | (1,489.0) | 652.8 | +143.8% | |
| Free cash flow | 162.7 | 347.0 | 917.5 | (66.2) | 2,191.8 | 161.4 | −92.6% | |
| Net change in cash | 267.8 | 366.1 | 307.4 | (530.1) | 717.4 | (432.7) | −160.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
