| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (64.2) | 41.9 | 56.8 | 48.0 | 60.9 | 54.2 | −11.0% | |
| Depreciation & amortization | 43.0 | 28.7 | 27.3 | 29.3 | 29.3 | 28.8 | −1.7% | |
| Stock-based compensation | 1.1 | (0.2) | 2.2 | 2.7 | 1.7 | 2.1 | +23.5% | |
| Change in working capital | 277.2 | (77.5) | (117.3) | (1.4) | (62.0) | (119.1) | −92.1% | |
| Operating cash flow | 283.6 | (24.8) | (0.9) | 85.8 | 24.8 | (4.5) | −118.1% | |
| Capital expenditure | (15.5) | (15.4) | (23.8) | (22.6) | (24.2) | (35.2) | −45.5% | |
| Acquisitions | 0.4 | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (15.1) | (15.2) | (23.5) | (22.6) | (24.1) | (35.2) | −46.1% | |
| Dividends paid | 0.0 | (4.9) | (18.9) | (21.5) | (23.9) | (25.8) | −7.9% | |
| Share buybacks | 0.0 | (3.9) | (0.4) | (0.4) | (15.1) | 0.0 | +100.0% | |
| Debt issued / repaid | (178.7) | (13.5) | 55.7 | (39.2) | 39.7 | 78.8 | +98.5% | |
| Financing cash flow | (189.6) | (32.2) | 27.2 | (72.7) | (12.6) | 40.7 | +423.0% | |
| Free cash flow | 268.1 | (40.2) | (24.7) | 63.2 | 0.6 | (39.7) | −6716.7% | |
| Net change in cash | 78.9 | (74.6) | 9.0 | (8.2) | (14.9) | 2.8 | +118.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
