| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 556.0 | 780.0 | 594.0 | 551.0 | 649.0 | 927.0 | +42.8% | |
| Depreciation & amortization | 67.0 | 85.0 | 123.0 | 42.0 | 48.0 | 53.0 | +10.4% | |
| Stock-based compensation | 41.0 | 36.0 | 18.0 | 34.0 | 39.0 | 0.0 | −100.0% | |
| Change in working capital | (131.0) | 92.0 | (45.0) | 331.0 | 553.0 | (355.0) | −164.2% | |
| Operating cash flow | 455.0 | 824.0 | 708.0 | 528.0 | 705.0 | 571.0 | −19.0% | |
| Capital expenditure | (34.0) | (44.0) | (40.0) | (7.0) | 0.0 | (4.0) | — | |
| Acquisitions | 0.0 | 9.0 | 1.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 13.0 | (478.0) | (521.0) | (609.0) | 530.0 | (444.0) | −183.8% | |
| Dividends paid | (334.0) | (362.0) | (400.0) | (410.0) | (1,220.0) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (16.0) | (18.0) | (19.0) | (21.0) | (19.0) | (5.0) | +73.7% | |
| Financing cash flow | (364.0) | (379.0) | (473.0) | (445.0) | (1,246.0) | (466.0) | +62.6% | |
| Free cash flow | 421.0 | 780.0 | 668.0 | 521.0 | 705.0 | 567.0 | −19.6% | |
| Net change in cash | 103.0 | 2.0 | (212.0) | (529.0) | (25.0) | (373.0) | −1392.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
