| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 265.2 | 697.3 | 73.3 | 239.8 | 201.9 | 124.9 | −38.1% | |
| Depreciation & amortization | 2.1 | 2.5 | 2.5 | 2.6 | 2.5 | 2.4 | −5.6% | |
| Stock-based compensation | 2.9 | 3.4 | 3.7 | 4.1 | 2.9 | 1.9 | −33.7% | |
| Change in working capital | 0.7 | 7.9 | 2.8 | (5.3) | 2.6 | (2.6) | −198.8% | |
| Operating cash flow | 77.4 | 107.6 | 112.0 | 104.8 | 114.6 | 108.9 | −5.0% | |
| Capital expenditure | (73.0) | (105.2) | (106.4) | (30.9) | (58.3) | (100.8) | −73.1% | |
| Acquisitions | 0.0 | (66.7) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (72.7) | (171.0) | (106.2) | (20.8) | (27.7) | (101.9) | −268.1% | |
| Dividends paid | (58.8) | (68.7) | (79.1) | (85.3) | (88.5) | (93.2) | −5.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (64.7) | 32.2 | 74.5 | (100.2) | 2.7 | 87.9 | +3176.1% | |
| Financing cash flow | (43.8) | 59.7 | (6.0) | (83.0) | (87.5) | (6.6) | +92.5% | |
| Free cash flow | 4.4 | 2.4 | 5.6 | 104.8 | 114.6 | 8.0 | −93.0% | |
| Net change in cash | (39.1) | (3.7) | (0.3) | 1.0 | (0.6) | 0.5 | +177.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
