| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1,855.0 | 4,013.0 | 4,573.0 | 3,836.0 | 5,038.0 | 5,294.0 | +5.1% | |
| Depreciation & amortization | 7.0 | 7.0 | 6.0 | 8.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 22.0 | 25.0 | 27.0 | 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 | (65.0) | 132.0 | 186.0 | 366.0 | 763.0 | 147.0 | −80.7% | |
| Capital expenditure | (1.0) | 0.0 | (1.0) | (3.0) | (16.0) | (1.0) | +93.8% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (541.0) | 306.0 | 486.0 | (3.0) | (16.0) | 849.0 | +5406.3% | |
| Dividends paid | (338.0) | (389.0) | (485.0) | (541.0) | (625.0) | (765.0) | −22.4% | |
| Share buybacks | 0.0 | (54.0) | (30.0) | 0.0 | 0.0 | (15.0) | — | |
| Debt issued / repaid | 390.0 | 0.0 | (205.0) | 416.0 | (6.0) | 0.0 | +100.0% | |
| Financing cash flow | 53.0 | (446.0) | (719.0) | (164.0) | (690.0) | (784.0) | −13.6% | |
| Free cash flow | (66.0) | 132.0 | 185.0 | 363.0 | 747.0 | 146.0 | −80.5% | |
| Net change in cash | (555.0) | (4.0) | (50.0) | 196.0 | 54.0 | 223.0 | +313.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
