| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (35.6) | 240.8 | 192.2 | 38.1 | 2.3 | (176.3) | −7765.2% | |
| Depreciation & amortization | 158.1 | 170.0 | 169.6 | 183.1 | 190.6 | 164.9 | −13.5% | |
| Stock-based compensation | 17.3 | 19.1 | 17.0 | 14.6 | 11.7 | 7.7 | −34.2% | |
| Change in working capital | 197.4 | (151.8) | (83.7) | 27.3 | 5.5 | 349.8 | +6260.0% | |
| Operating cash flow | 487.2 | 332.3 | 257.5 | 217.6 | 222.5 | 355.1 | +59.6% | |
| Capital expenditure | (102.3) | (164.7) | (139.1) | (131.1) | (72.2) | (73.8) | −2.2% | |
| Acquisitions | 56.7 | 316.8 | 22.5 | 69.1 | 63.0 | 72.8 | +15.6% | |
| Investing cash flow | (9.0) | 139.8 | (116.6) | (58.9) | (3.4) | (4.5) | −32.4% | |
| Dividends paid | 0.0 | (105.4) | (81.7) | (82.1) | (23.2) | (28.6) | −23.3% | |
| Share buybacks | 0.0 | (70.5) | (172.1) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (14.4) | (12.0) | (45.0) | (80.0) | (93.8) | 1.8 | +101.9% | |
| Financing cash flow | (180.5) | (517.9) | (377.5) | (250.4) | (119.4) | (154.9) | −29.7% | |
| Free cash flow | 384.9 | 167.6 | 118.4 | 85.0 | 150.3 | 281.3 | +87.2% | |
| Net change in cash | 297.7 | (45.8) | (224.1) | (91.7) | 99.7 | 182.5 | +83.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
