| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 112.0 | 140.1 | 56.3 | 27.3 | 41.4 | 119.0 | +187.4% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.9 | 0.9 | 1.0 | +11.1% | |
| Stock-based compensation | 0.0 | 0.3 | 0.0 | 0.2 | 0.0 | 0.0 | — | |
| Change in working capital | 2.9 | 15.6 | (13.6) | (4.1) | (7.0) | (25.0) | −257.1% | |
| Operating cash flow | 79.2 | 100.2 | 79.3 | 133.6 | 135.2 | 104.0 | −23.1% | |
| Capital expenditure | 0.0 | 146.4 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | (17.8) | 0.0 | (5.1) | 0.0 | 31.0 | — | |
| Investing cash flow | (102.8) | (147.1) | (47.3) | (44.6) | (20.6) | (464.0) | −2152.4% | |
| Dividends paid | (69.1) | (74.4) | (81.6) | (89.5) | (92.1) | (144.0) | −56.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (58.4) | 82.8 | 48.8 | 23.6 | 27.7 | 535.0 | +1831.4% | |
| Financing cash flow | (16.5) | (22.7) | (37.0) | (114.9) | (114.3) | 376.0 | +429.0% | |
| Free cash flow | 79.2 | 246.6 | 79.3 | 133.6 | 135.2 | 104.0 | −23.1% | |
| Net change in cash | (39.5) | (70.2) | (4.3) | (25.9) | 0.3 | 16.5 | +5400.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
