| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 170.2 | 196.3 | 226.3 | 237.3 | 356.2 | 309.9 | −13.0% | |
| Depreciation & amortization | 111.1 | 99.5 | 122.2 | 124.4 | 119.0 | 113.4 | −4.7% | |
| Stock-based compensation | 10.3 | 12.0 | 11.7 | 12.9 | 10.8 | 10.9 | +0.9% | |
| Change in working capital | 22.5 | (48.8) | (101.1) | (30.4) | (18.8) | (11.0) | +41.5% | |
| Operating cash flow | 318.0 | 257.1 | 264.5 | 363.2 | 371.6 | 399.5 | +7.5% | |
| Capital expenditure | (50.7) | (57.5) | (71.3) | (79.9) | (91.5) | (98.6) | −7.8% | |
| Acquisitions | 0.2 | (197.4) | (200.4) | 0.1 | (2.5) | 32.7 | +1408.0% | |
| Investing cash flow | (73.0) | (234.4) | (278.0) | (69.1) | (58.0) | (81.8) | −41.0% | |
| Dividends paid | (91.6) | (61.8) | (62.2) | (68.8) | (76.0) | (80.6) | −6.1% | |
| Share buybacks | (8.7) | (226.6) | (20.0) | 0.0 | (100.4) | (201.4) | −100.6% | |
| Debt issued / repaid | (17.8) | 178.0 | 105.5 | (148.4) | (50.0) | (0.1) | +99.8% | |
| Financing cash flow | (146.6) | (109.4) | 24.5 | (276.4) | (276.2) | (308.6) | −11.7% | |
| Free cash flow | 267.3 | 199.6 | 193.2 | 283.3 | 280.1 | 300.9 | +7.4% | |
| Net change in cash | 119.7 | (113.3) | 38.4 | 1.0 | 16.6 | (35.4) | −313.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
