| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 32.4 | 79.8 | (18.6) | (56.3) | 70.1 | (87.4) | −224.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 2.1 | 0.3 | 1.5 | (0.3) | (0.9) | 0.3 | +133.3% | |
| Operating cash flow | 19.5 | 32.3 | 57.2 | 53.1 | 58.0 | 49.0 | −15.5% | |
| Capital expenditure | 303.5 | 307.9 | 273.9 | 0.0 | 0.0 | (49.0) | — | |
| Acquisitions | (316.5) | (319.9) | (292.4) | (38.4) | (7.0) | 0.0 | +100.0% | |
| Investing cash flow | (303.5) | (307.9) | (273.9) | 34.3 | 10.8 | 3.0 | −72.2% | |
| Dividends paid | (30.4) | (44.2) | (62.0) | (67.1) | (68.4) | (51.7) | +24.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (20.0) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 337.9 | 299.6 | 70.9 | (87.2) | (68.4) | (51.7) | +24.4% | |
| Free cash flow | 322.9 | 340.2 | 331.1 | 53.1 | 58.0 | 0.0 | −100.0% | |
| Net change in cash | 53.9 | 24.0 | (145.8) | 0.2 | 0.4 | 0.3 | −25.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
