| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 5.1 | 3.5 | 5.5 | 6.1 | 3.0 | 5.6 | +89.5% | |
| Depreciation & amortization | 2.1 | 2.1 | 2.6 | 2.9 | 2.6 | 3.7 | +44.9% | |
| Stock-based compensation | 0.3 | 0.3 | 0.0 | 0.0 | 0.3 | 0.0 | −100.0% | |
| Change in working capital | 2.2 | 1.4 | (1.7) | (1.1) | 2.1 | (0.6) | −129.1% | |
| Operating cash flow | 8.4 | 8.0 | 8.2 | 7.9 | 6.6 | 7.1 | +9.0% | |
| Capital expenditure | (1.9) | (2.7) | (1.4) | (1.6) | (3.0) | (1.3) | +55.8% | |
| Acquisitions | 2.9 | 0.2 | (3.8) | (1.7) | 1.4 | (4.4) | −419.3% | |
| Investing cash flow | 2.2 | (1.8) | (10.9) | (2.4) | (1.2) | (5.7) | −365.6% | |
| Dividends paid | (4.0) | (4.0) | (4.3) | (2.8) | (2.4) | (2.5) | −2.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (4.0) | (2.0) | (5.7) | (2.9) | (1.2) | 1.5 | +226.3% | |
| Financing cash flow | (10.1) | (7.6) | 2.0 | (6.1) | (4.7) | (1.6) | +66.3% | |
| Free cash flow | 6.5 | 5.3 | 6.8 | 6.3 | 3.6 | 5.8 | +63.1% | |
| Net change in cash | 0.4 | (1.4) | (1.3) | (0.7) | 0.5 | (0.2) | −137.8% |
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.
