| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (91.4) | (96.0) | 17.3 | 344.2 | 277.0 | (263.0) | −194.9% | |
| Depreciation & amortization | 92.0 | 188.3 | 180.0 | 306.1 | 347.8 | 628.7 | +80.8% | |
| Stock-based compensation | 3.3 | 5.7 | 6.0 | 7.3 | 9.1 | 0.0 | −100.0% | |
| Change in working capital | 26.9 | 29.9 | (84.7) | (105.0) | 43.4 | 207.1 | +377.0% | |
| Operating cash flow | 1.5 | 132.5 | 272.2 | 656.2 | 1,121.8 | 937.5 | −16.4% | |
| Capital expenditure | (404.0) | (403.5) | (395.8) | (541.1) | (765.3) | (766.7) | −0.2% | |
| Acquisitions | (203.2) | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (597.6) | (642.8) | (307.9) | (416.5) | (809.4) | (976.3) | −20.6% | |
| Dividends paid | 0.0 | 0.0 | (106.5) | (213.7) | (219.8) | (225.5) | −2.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 519.0 | 1,435.9 | 49.4 | 250.0 | 48.0 | 267.8 | +458.0% | |
| Financing cash flow | 436.0 | 1,059.8 | (267.5) | (327.4) | (426.0) | 18.5 | +104.3% | |
| Free cash flow | (402.5) | (271.0) | (123.6) | 115.1 | 356.4 | 170.8 | −52.1% | |
| Net change in cash | (151.5) | 527.9 | (303.0) | (81.1) | (111.5) | 42.4 | +138.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
