| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 466.0 | 611.2 | 142.9 | 203.8 | 66.1 | 135.2 | +104.5% | |
| Depreciation & amortization | 1.1 | 1.2 | 1.1 | 1.1 | 0.0 | 0.0 | — | |
| Stock-based compensation | 7.3 | 11.4 | 8.2 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating cash flow | 27.8 | 612.4 | 142.9 | 58.9 | 17.9 | 35.4 | +97.8% | |
| Capital expenditure | (3.5) | (0.4) | (0.3) | (0.5) | (1.8) | (0.2) | +88.9% | |
| Acquisitions | 97.5 | (375.3) | 276.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (101.0) | 374.9 | (276.3) | 258.4 | 16.7 | (6.0) | −135.9% | |
| Dividends paid | (33.7) | (34.6) | (130.5) | (37.0) | (38.4) | 0.0 | +100.0% | |
| Share buybacks | (1.4) | (27.5) | (4.0) | (5.3) | (67.7) | (42.9) | +36.6% | |
| Debt issued / repaid | 10.9 | (19.4) | 266.0 | (258.8) | 0.0 | 0.0 | — | |
| Financing cash flow | (27.3) | (84.1) | 129.3 | (311.5) | (109.8) | (90.3) | +17.8% | |
| Free cash flow | 24.3 | 612.0 | 142.6 | 58.4 | 16.1 | 35.2 | +118.6% | |
| Net change in cash | (100.5) | 326.9 | (119.5) | 5.8 | (76.1) | (61.3) | +19.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
