| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 113.3 | 128.4 | (30.8) | (223.1) | (331.9) | (212.3) | +36.0% | |
| Depreciation & amortization | 117.4 | 135.5 | 149.8 | 172.5 | 172.3 | 166.9 | −3.1% | |
| Stock-based compensation | 10.9 | 7.6 | 0.6 | 5.2 | 3.4 | 3.7 | +8.8% | |
| Change in working capital | 140.3 | (74.2) | (272.7) | 35.0 | 254.8 | 75.6 | −70.3% | |
| Operating cash flow | 395.8 | 209.7 | (130.6) | (12.7) | 196.7 | 125.7 | −36.1% | |
| Capital expenditure | (116.6) | (157.1) | (182.9) | (177.9) | (36.4) | (7.9) | +78.3% | |
| Acquisitions | 0.0 | (286.4) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (116.6) | (443.5) | (182.9) | (177.9) | (133.5) | 49.1 | +136.8% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (75.0) | 512.9 | (26.3) | 198.3 | (0.5) | (210.7) | −42040.0% | |
| Financing cash flow | 143.7 | 489.1 | (26.3) | 222.7 | (26.0) | (246.9) | −849.6% | |
| Free cash flow | 279.2 | 52.6 | (313.5) | (190.6) | 160.3 | 117.8 | −26.5% | |
| Net change in cash | 423.0 | 255.2 | (339.7) | 30.3 | 37.7 | (72.1) | −291.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
