| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 3.1 | 8.4 | 7.0 | 6.6 | 8.1 | 7.2 | −11.5% | |
| Depreciation & amortization | 1.7 | 2.1 | 1.8 | 1.8 | 1.7 | 1.8 | +3.3% | |
| Stock-based compensation | 0.4 | 0.5 | 0.5 | 0.0 | 0.0 | 0.7 | — | |
| Change in working capital | 50.1 | 37.0 | 32.4 | (21.9) | (6.3) | (2.7) | +57.6% | |
| Operating cash flow | 57.5 | 48.9 | 30.2 | (0.9) | 7.1 | (6.2) | −187.3% | |
| Capital expenditure | (1.3) | (1.7) | (1.7) | (1.7) | (1.6) | (1.9) | −18.1% | |
| Acquisitions | 0.0 | 1.1 | 0.0 | (2.4) | (0.5) | 0.0 | +100.0% | |
| Investing cash flow | (18.4) | 4.3 | (21.7) | (23.4) | (17.9) | 1.6 | +108.9% | |
| Dividends paid | (0.9) | (1.4) | (1.9) | (2.3) | (2.3) | (2.2) | +2.3% | |
| Share buybacks | (1.4) | (1.7) | (4.1) | (5.2) | (5.0) | (6.1) | −21.9% | |
| Debt issued / repaid | 3.9 | 2.0 | 3.6 | 2.9 | 6.4 | 6.9 | +8.1% | |
| Financing cash flow | 2.7 | 0.1 | 0.7 | (1.4) | 0.8 | 27.2 | +3370.2% | |
| Free cash flow | 56.2 | 47.2 | 28.5 | (2.6) | 5.5 | (8.1) | −245.7% | |
| Net change in cash | 43.5 | 49.1 | 19.6 | (30.8) | (12.4) | 20.9 | +268.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
