| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 76.8 | 254.1 | 204.3 | 223.4 | 167.0 | 138.0 | −17.4% | |
| Depreciation & amortization | 31.7 | 32.5 | 35.2 | 74.1 | 73.9 | 74.4 | +0.7% | |
| Stock-based compensation | 2.7 | 4.5 | 6.3 | 8.0 | 5.5 | 6.3 | +14.5% | |
| Change in working capital | 105.1 | 1.6 | (248.8) | (385.3) | (135.1) | (70.6) | +47.7% | |
| Operating cash flow | 208.8 | 315.9 | 103.9 | (72.1) | 139.0 | 157.4 | +13.2% | |
| Capital expenditure | (2.7) | (3.1) | (1.6) | (2.8) | (6.9) | (11.0) | −59.4% | |
| Acquisitions | (394.6) | (47.9) | (77.7) | 0.0 | 22.7 | 2.7 | −88.1% | |
| Investing cash flow | (411.0) | (4.1) | (30.3) | 52.5 | 23.1 | (46.2) | −300.0% | |
| Dividends paid | 0.0 | (88.7) | (138.9) | (110.4) | 0.0 | 0.0 | — | |
| Share buybacks | (3.5) | 0.0 | (35.5) | (5.3) | (172.6) | (71.2) | +58.7% | |
| Debt issued / repaid | 200.0 | (150.0) | 396.4 | (50.5) | (1.2) | 27.6 | +2400.0% | |
| Financing cash flow | 181.2 | (254.0) | 204.5 | (238.9) | (260.1) | (80.8) | +68.9% | |
| Free cash flow | 206.1 | 312.8 | 102.3 | (74.9) | 132.1 | 146.4 | +10.8% | |
| Net change in cash | (21.0) | 57.7 | 278.0 | (258.5) | (98.0) | 33.4 | +134.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
