| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 173.6 | 234.6 | 224.7 | 183.6 | 191.2 | 163.4 | −14.5% | |
| Depreciation & amortization | 75.4 | 69.0 | 78.5 | 97.0 | 98.0 | 99.3 | +1.3% | |
| Stock-based compensation | 7.0 | 9.2 | 8.9 | 6.1 | 3.1 | 6.4 | +106.5% | |
| Change in working capital | 13.5 | (39.5) | (91.9) | (9.2) | (15.1) | (18.6) | −23.2% | |
| Operating cash flow | 252.0 | 268.3 | 231.2 | 298.6 | 312.8 | 259.6 | −17.0% | |
| Capital expenditure | (49.6) | (64.1) | (117.5) | (105.4) | (74.3) | (47.8) | +35.7% | |
| Acquisitions | (2.9) | 2.0 | (459.1) | (5.2) | (0.3) | (7.3) | −2333.3% | |
| Investing cash flow | (52.5) | (62.1) | (576.6) | (95.7) | (65.3) | (75.3) | −15.3% | |
| Dividends paid | (82.2) | (90.7) | (103.6) | (114.5) | (119.3) | (122.8) | −2.9% | |
| Share buybacks | (14.5) | (26.1) | (20.8) | (12.8) | 0.0 | 0.0 | — | |
| Debt issued / repaid | (36.7) | (77.5) | 497.7 | (28.3) | (42.8) | (37.5) | +12.4% | |
| Financing cash flow | (143.9) | (204.8) | 362.2 | (219.2) | (215.0) | (178.0) | +17.2% | |
| Free cash flow | 202.4 | 204.2 | 113.7 | 193.2 | 238.5 | 211.8 | −11.2% | |
| Net change in cash | (84.4) | 28.4 | 54.3 | (31.0) | 21.1 | 34.8 | +64.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
