| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (906.5) | 42.5 | 278.8 | 312.1 | 253.7 | 212.9 | −16.1% | |
| Depreciation & amortization | 300.2 | 326.9 | 345.5 | 383.4 | 401.8 | 426.2 | +6.1% | |
| Stock-based compensation | 12.7 | 12.9 | 17.7 | 15.8 | 16.8 | 16.7 | −0.6% | |
| Change in working capital | (99.8) | 182.5 | 98.9 | 34.3 | 4.6 | (9.5) | −306.5% | |
| Operating cash flow | (391.1) | 510.7 | 795.7 | 877.9 | 761.7 | 754.2 | −1.0% | |
| Capital expenditure | (228.2) | (221.5) | (518.8) | (508.5) | (498.2) | (655.7) | −31.6% | |
| Acquisitions | 5.3 | 20.1 | 34.3 | 56.9 | (1.9) | 312.9 | +16568.4% | |
| Investing cash flow | (228.0) | (204.6) | (486.0) | (443.9) | (362.4) | (384.3) | −6.0% | |
| Dividends paid | 0.0 | 0.0 | (119.1) | (164.7) | (178.1) | (168.8) | +5.2% | |
| Share buybacks | 0.0 | 0.0 | (31.7) | (591.1) | (264.3) | (261.7) | +1.0% | |
| Debt issued / repaid | 471.7 | (303.9) | 0.0 | (147.1) | 398.3 | (450.0) | −213.0% | |
| Financing cash flow | 1,371.1 | (429.1) | (279.2) | (901.0) | (186.1) | (1,046.3) | −462.2% | |
| Free cash flow | (619.3) | 289.2 | 276.9 | 369.4 | 263.5 | 98.5 | −62.6% | |
| Net change in cash | 753.4 | (123.6) | 32.4 | (468.1) | 212.3 | (675.3) | −418.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
