| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (142.0) | 79.3 | 229.9 | 270.0 | 568.0 | 272.0 | −52.1% | |
| Depreciation & amortization | 108.8 | 109.0 | 118.6 | 162.0 | 129.0 | 118.0 | −8.5% | |
| Stock-based compensation | 3.3 | 8.4 | 10.0 | 15.0 | 18.0 | 15.0 | −16.7% | |
| Change in working capital | 62.4 | 58.1 | 110.6 | (280.0) | 175.0 | 17.0 | −90.3% | |
| Operating cash flow | 249.2 | 377.0 | 493.5 | 593.0 | 586.0 | 387.0 | −34.0% | |
| Capital expenditure | (41.9) | (64.6) | (68.5) | (93.0) | (79.0) | (47.0) | +40.5% | |
| Acquisitions | 47.0 | 81.8 | (402.2) | (137.0) | 396.0 | (3.0) | −100.8% | |
| Investing cash flow | 8.0 | 14.4 | (475.4) | (195.0) | 328.0 | (49.0) | −114.9% | |
| Dividends paid | 0.0 | (52.2) | (88.7) | (128.0) | (147.0) | (101.0) | +31.3% | |
| Share buybacks | (32.1) | (86.7) | (73.3) | (19.0) | (147.0) | (260.0) | −76.9% | |
| Debt issued / repaid | (66.1) | (12.7) | 596.0 | (412.0) | (484.0) | (31.0) | +93.6% | |
| Financing cash flow | (159.9) | (213.9) | 366.5 | (934.0) | (890.0) | (470.0) | +47.2% | |
| Free cash flow | 207.3 | 312.4 | 425.0 | 500.0 | 507.0 | 340.0 | −32.9% | |
| Net change in cash | 58.2 | 115.2 | 467.8 | (610.0) | (74.0) | 108.0 | +245.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
