| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 105.3 | 149.6 | 47.3 | (12.9) | 86.4 | 100.4 | +16.2% | |
| Depreciation & amortization | 17.3 | 26.2 | 26.8 | 25.8 | 16.4 | 9.1 | −44.5% | |
| Stock-based compensation | 19.8 | 25.5 | 13.6 | 18.5 | 17.2 | 23.5 | +36.6% | |
| Change in working capital | (35.3) | 67.8 | (12.9) | (14.7) | (22.3) | (57.1) | −156.1% | |
| Operating cash flow | 104.8 | 184.9 | 158.8 | 88.0 | 73.9 | 62.5 | −15.4% | |
| Capital expenditure | (2.6) | (3.5) | (5.3) | (3.5) | (7.6) | (0.5) | +93.4% | |
| Acquisitions | 68.2 | 0.0 | 0.0 | 0.0 | 0.0 | (1.3) | — | |
| Investing cash flow | 63.1 | (13.1) | 34.1 | (56.6) | (182.2) | 80.0 | +143.9% | |
| Dividends paid | (83.9) | (93.3) | (90.2) | (20.4) | (34.2) | (22.3) | +34.8% | |
| Share buybacks | (10.7) | (48.5) | (29.4) | (26.5) | (1.0) | (37.3) | −3630.0% | |
| Debt issued / repaid | (68.7) | 0.0 | (7.8) | 0.0 | (5.6) | (50.0) | −792.9% | |
| Financing cash flow | (159.2) | (162.6) | (112.5) | (37.8) | 101.9 | (86.7) | −185.1% | |
| Free cash flow | 102.2 | 181.4 | 153.5 | 84.5 | 66.3 | 62.0 | −6.5% | |
| Net change in cash | 8.7 | 9.2 | 83.0 | (12.1) | (7.1) | 57.6 | +911.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
