| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.2 | 2.3 | 2.6 | 2.2 | 2.8 | 3.3 | +18.2% | |
| Depreciation & amortization | 1.5 | 2.0 | 2.0 | 2.2 | 2.3 | 2.3 | +1.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 0.2 | (0.2) | 0.5 | (0.0) | 0.0 | 0.8 | +1855.8% | |
| Operating cash flow | 3.6 | 5.6 | 5.6 | 5.6 | 5.3 | 6.3 | +20.2% | |
| Capital expenditure | (4.0) | (5.3) | (6.2) | (6.9) | (8.7) | (10.2) | −17.3% | |
| Acquisitions | 0.0 | (8.1) | 0.1 | 0.1 | 1.3 | 2.9 | +130.1% | |
| Investing cash flow | (4.9) | (14.8) | (0.0) | (7.8) | (10.9) | (4.6) | +58.0% | |
| Dividends paid | (1.3) | (1.0) | (1.6) | (1.7) | (1.5) | (1.6) | −9.4% | |
| Share buybacks | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 2.7 | 11.5 | (3.8) | 4.4 | 1.3 | (1.0) | −180.3% | |
| Financing cash flow | 1.4 | 9.2 | (5.6) | 2.6 | 6.4 | (2.7) | −143.0% | |
| Free cash flow | (0.4) | 0.3 | (0.6) | (1.3) | (3.4) | (3.8) | −12.7% | |
| Net change in cash | 0.1 | 0.0 | (0.1) | 0.4 | 0.6 | (0.8) | −223.6% |
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.
