| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (2,901.3) | 720.7 | 775.4 | 197.2 | 629.0 | (215.0) | −134.2% | |
| Depreciation & amortization | 631.0 | 541.8 | 513.1 | 1,174.6 | 494.0 | 447.0 | −9.5% | |
| Stock-based compensation | 74.4 | 99.6 | 122.0 | 140.1 | 109.0 | 73.0 | −33.0% | |
| Change in working capital | 838.2 | 702.0 | (846.7) | (260.2) | 185.0 | 99.0 | −46.5% | |
| Operating cash flow | 2,050.6 | 2,029.0 | 700.9 | 1,238.2 | 1,408.0 | 724.0 | −48.6% | |
| Capital expenditure | (272.7) | (293.1) | (223.3) | (217.2) | (236.0) | (91.0) | +61.4% | |
| Acquisitions | (221.9) | (405.9) | (248.6) | (267.5) | (246.0) | (183.0) | +25.6% | |
| Investing cash flow | (163.4) | (638.4) | (408.9) | (380.4) | 278.0 | (347.0) | −224.8% | |
| Dividends paid | (122.0) | (314.7) | (365.4) | (422.8) | (425.0) | (343.0) | +19.3% | |
| Share buybacks | (290.2) | (818.5) | (862.7) | (53.9) | (82.0) | (97.0) | −18.3% | |
| Debt issued / repaid | 632.8 | (397.1) | (220.6) | (94.9) | (41.0) | 188.0 | +558.5% | |
| Financing cash flow | (250.5) | (2,057.0) | (1,911.0) | (904.7) | (989.0) | (319.0) | +67.7% | |
| Free cash flow | 1,777.9 | 1,735.9 | 477.6 | 1,021.0 | 1,172.0 | 633.0 | −46.0% | |
| Net change in cash | 1,537.5 | (796.5) | (1,554.8) | (126.5) | 607.0 | 59.0 | −90.3% |
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.
