| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 111.5 | 120.4 | 116.1 | 96.9 | 83.8 | — | — | |
| Depreciation & amortization | 39.0 | 36.0 | 30.0 | 32.8 | 32.9 | 33.3 | +1.2% | |
| Stock-based compensation | 0.2 | 0.2 | 0.7 | 0.9 | 0.8 | — | — | |
| Change in working capital | (5.9) | (49.9) | (52.2) | 3.9 | (7.4) | (31.3) | −321.4% | |
| Operating cash flow | 135.5 | 122.2 | 90.9 | 124.1 | 147.9 | 121.3 | −18.0% | |
| Capital expenditure | (23.7) | (39.7) | (84.6) | (74.8) | (46.3) | (48.3) | −4.4% | |
| Acquisitions | 0.0 | 0.7 | 7.9 | 4.5 | 4.9 | — | — | |
| Investing cash flow | (134.4) | (6.6) | (94.7) | (31.5) | (128.6) | — | — | |
| Dividends paid | (10.2) | (49.5) | (53.4) | (55.4) | (55.4) | (56.8) | −2.6% | |
| Share buybacks | 0.0 | (0.8) | (2.2) | 0.0 | (0.2) | — | — | |
| Debt issued / repaid | (2.8) | (1.0) | (0.9) | (0.8) | (5.1) | — | — | |
| Financing cash flow | (17.8) | (55.9) | (61.4) | (52.7) | (55.8) | — | — | |
| Free cash flow | 111.8 | 82.6 | 6.3 | 49.3 | 101.6 | 83.0 | −18.3% | |
| Net change in cash | (15.4) | 58.2 | (71.8) | 40.9 | (34.9) | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
