| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 128.9 | 171.2 | 151.9 | 205.4 | 156.3 | — | — | |
| Depreciation & amortization | 77.5 | 79.1 | 79.1 | 80.6 | 82.8 | 87.4 | +5.6% | |
| Stock-based compensation | 7.5 | 4.8 | 4.8 | 4.3 | 5.5 | — | — | |
| Change in working capital | (35.0) | (14.8) | (4.2) | (17.7) | (14.9) | 9.1 | +161.1% | |
| Operating cash flow | 183.5 | 249.7 | 239.5 | 232.3 | 255.9 | 266.6 | +4.2% | |
| Capital expenditure | (15.7) | (24.0) | (21.8) | (32.4) | (35.2) | (42.7) | −21.3% | |
| Acquisitions | 0.0 | (17.7) | (17.7) | 0.0 | (0.5) | — | — | |
| Investing cash flow | (15.7) | (41.7) | (21.8) | (38.3) | (65.9) | — | — | |
| Dividends paid | (24.3) | (282.1) | (163.3) | (157.6) | (89.0) | (141.0) | −58.4% | |
| Share buybacks | 0.0 | (28.3) | (7.0) | 0.0 | (14.7) | — | — | |
| Debt issued / repaid | (45.0) | 54.0 | 23.0 | 2.0 | 2.4 | — | — | |
| Financing cash flow | (126.8) | (307.5) | (202.2) | (217.3) | (183.0) | — | — | |
| Free cash flow | 167.8 | 225.7 | 217.7 | 199.9 | 220.7 | 234.9 | +6.4% | |
| Net change in cash | 38.6 | (98.4) | 16.1 | (22.9) | 6.6 | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
