| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 775.0 | (860.0) | (1,851.0) | (138.0) | (1,119.0) | 20.0 | +101.8% | |
| Depreciation & amortization | 46.0 | 38.0 | 40.0 | 324.0 | 294.0 | 257.0 | −12.6% | |
| Stock-based compensation | 13.0 | 14.0 | 16.0 | 22.0 | 26.0 | 26.0 | +0.0% | |
| Change in working capital | 16,413.0 | 9,455.0 | (47,301.0) | 11,000.0 | 11,670.0 | 17,317.0 | +48.4% | |
| Operating cash flow | 6,578.0 | (1,257.0) | 866.0 | (863.0) | 3,372.0 | (993.0) | −129.4% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | (29.0) | (10.0) | +65.5% | |
| Acquisitions | (979.0) | 304.0 | 0.0 | (20.0) | 0.0 | 0.0 | — | |
| Investing cash flow | (988.0) | 304.0 | 0.0 | (20.0) | (29.0) | (10.0) | +65.5% | |
| Dividends paid | (403.0) | (482.0) | (496.0) | (520.0) | (562.0) | (548.0) | +2.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (9.0) | — | |
| Debt issued / repaid | 1,390.0 | (323.0) | (421.0) | 2.0 | (275.0) | (344.0) | −25.1% | |
| Financing cash flow | 942.0 | (857.0) | (1,182.0) | (769.0) | (1,077.0) | (1,181.0) | −9.7% | |
| Free cash flow | 6,578.0 | (1,257.0) | 866.0 | (863.0) | 3,343.0 | (1,003.0) | −130.0% | |
| Net change in cash | 6,532.0 | (1,886.0) | (349.0) | (1,652.0) | 2,266.0 | (2,184.0) | −196.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
