| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 33.7 | 78.6 | 112.6 | 105.5 | 96.3 | 83.8 | −13.0% | |
| Depreciation & amortization | 78.0 | 86.9 | 88.3 | 94.7 | 112.2 | 142.8 | +27.3% | |
| Stock-based compensation | 1.0 | 2.9 | 1.2 | 3.0 | 3.3 | 4.6 | +39.4% | |
| Change in working capital | 56.0 | 2.8 | (33.3) | (8.5) | (16.6) | (3.8) | +77.1% | |
| Operating cash flow | 168.4 | 194.1 | 168.0 | 193.7 | 201.7 | 231.1 | +14.6% | |
| Capital expenditure | (38.1) | (76.9) | (106.8) | (106.8) | (131.3) | (120.1) | +8.5% | |
| Acquisitions | (142.7) | (6.1) | (12.6) | (18.8) | (173.6) | (150.3) | +13.4% | |
| Investing cash flow | (177.8) | (75.5) | (112.9) | (120.4) | (296.2) | (270.4) | +8.7% | |
| Dividends paid | 0.0 | (8.4) | (30.5) | (37.6) | (48.3) | (51.5) | −6.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 26.1 | (58.9) | (8.8) | (0.9) | 53.4 | 143.0 | +167.8% | |
| Financing cash flow | 16.9 | (65.9) | (38.0) | (46.6) | (3.0) | 82.3 | +2843.3% | |
| Free cash flow | 130.3 | 117.2 | 61.2 | 86.9 | 70.4 | 111.0 | +57.7% | |
| Net change in cash | 7.9 | 52.2 | 17.8 | 25.2 | (98.0) | 86.6 | +188.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
