| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 210.0 | 62.7 | (17.9) | 110.4 | 79.8 | 104.1 | +30.5% | |
| 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 | (18.5) | (33.0) | 42.1 | (0.5) | (0.1) | (0.0) | +60.5% | |
| Operating cash flow | (72.0) | 64.2 | 89.0 | 390.4 | 112.2 | 219.8 | +95.9% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 122.8 | — | |
| Investing cash flow | (172.0) | (59.8) | 92.4 | 269.6 | 15.2 | 138.3 | +811.4% | |
| Dividends paid | (100.2) | (105.7) | (112.5) | (115.8) | (109.0) | (105.2) | +3.5% | |
| Share buybacks | 0.0 | (27.8) | (27.8) | (88.0) | (57.0) | (59.0) | −3.4% | |
| Debt issued / repaid | 50.2 | 36.0 | 58.7 | (179.3) | 57.0 | (57.0) | −200.1% | |
| Financing cash flow | 55.3 | (75.4) | (90.6) | (388.0) | (114.1) | (221.1) | −93.7% | |
| Free cash flow | (72.0) | 64.2 | 89.0 | 390.4 | 112.2 | 219.8 | +95.9% | |
| Net change in cash | (17.6) | (11.3) | (1.4) | 0.1 | 0.0 | (5.4) | −34925.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
