| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (121.0) | 342.4 | 355.1 | 102.5 | 441.9 | 97.6 | −77.9% | |
| Depreciation & amortization | 9.3 | 7.8 | 7.8 | 6.3 | 5.7 | 6.9 | +21.1% | |
| Stock-based compensation | 1.7 | 2.4 | 1.6 | 3.4 | 2.4 | 1.5 | −37.5% | |
| Change in working capital | (58.1) | (21.2) | (8.1) | (13.9) | 30.9 | (17.9) | −157.9% | |
| Operating cash flow | 29.4 | 160.5 | 155.3 | 153.2 | 216.4 | 154.6 | −28.6% | |
| Capital expenditure | (3.4) | (3.6) | (9.7) | (138.0) | (275.5) | (246.7) | +10.5% | |
| Acquisitions | (7.5) | (245.3) | (144.6) | 0.0 | 27.9 | 0.0 | −100.0% | |
| Investing cash flow | (159.4) | 207.8 | (236.7) | (109.4) | (428.0) | (176.0) | +58.9% | |
| Dividends paid | 0.0 | (57.2) | (85.1) | (103.4) | (124.2) | (153.7) | −23.8% | |
| Share buybacks | (0.7) | (1.3) | (1.7) | (0.6) | (1.5) | (0.8) | +46.7% | |
| Debt issued / repaid | 121.8 | (528.0) | 105.7 | (182.5) | 193.2 | (28.1) | −114.5% | |
| Financing cash flow | 381.4 | (597.2) | 10.0 | (44.3) | 448.4 | (217.1) | −148.4% | |
| Free cash flow | 26.0 | 156.9 | 145.6 | 15.2 | (59.1) | (92.1) | −55.8% | |
| Net change in cash | 251.4 | (228.9) | (71.4) | (0.5) | 236.8 | (238.5) | −200.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
