| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 27.6 | 249.7 | 166.8 | 171.0 | 154.0 | 84.4 | −45.2% | |
| Depreciation & amortization | 139.7 | 131.1 | 144.5 | 178.0 | 175.0 | 179.7 | +2.7% | |
| Stock-based compensation | 1.6 | 3.9 | 4.6 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 86.9 | (413.7) | (199.0) | 66.0 | 62.0 | 22.6 | −63.6% | |
| Operating cash flow | 319.0 | (91.8) | 233.8 | 499.7 | 433.0 | 294.6 | −32.0% | |
| Capital expenditure | (156.9) | (252.1) | (156.7) | (179.5) | (145.0) | (109.0) | +24.8% | |
| Acquisitions | (8.5) | 98.4 | (54.5) | (311.4) | (51.0) | (335.8) | −558.5% | |
| Investing cash flow | (137.9) | (128.9) | (199.7) | (482.0) | (154.0) | (430.1) | −179.3% | |
| Dividends paid | (49.1) | (71.2) | (70.5) | (77.7) | (87.0) | (83.5) | +4.1% | |
| Share buybacks | (2.7) | (95.5) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 58.1 | 408.9 | 54.2 | 259.5 | (201.0) | 33.4 | +116.6% | |
| Financing cash flow | (17.7) | 197.7 | (83.9) | 173.0 | (409.0) | (67.8) | +83.4% | |
| Free cash flow | 162.1 | (343.9) | 77.1 | 320.2 | 288.0 | 185.6 | −35.6% | |
| Net change in cash | 122.0 | (8.4) | (60.1) | 182.8 | (128.0) | (190.7) | −48.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in GBP.
