| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 118.4 | 213.7 | 417.9 | 199.9 | 253.8 | 180.3 | −29.0% | |
| Depreciation & amortization | 5.5 | 6.3 | 5.5 | 16.4 | 6.6 | 5.5 | −16.7% | |
| Stock-based compensation | 2.7 | 8.9 | 9.2 | 11.5 | 9.2 | 8.1 | −12.0% | |
| Change in working capital | 1,035.2 | 1,141.9 | 776.8 | 2,031.3 | 1,996.0 | 52.1 | −97.4% | |
| Operating cash flow | 1,028.7 | 878.1 | 1,168.7 | 2,171.7 | 2,216.4 | 329.1 | −85.2% | |
| Capital expenditure | (2.9) | (4.3) | (3.0) | (3.2) | (0.9) | (1.3) | −44.4% | |
| Acquisitions | 0.1 | (520.9) | 0.6 | 0.1 | 0.3 | 0.2 | −33.3% | |
| Investing cash flow | (2.8) | (4.3) | (2.4) | (3.1) | (424.7) | (911.1) | −114.5% | |
| Dividends paid | (35.9) | (54.6) | (68.9) | (67.9) | (83.5) | (81.0) | +3.0% | |
| Share buybacks | (5.2) | (42.2) | (79.5) | (120.5) | (89.5) | (132.4) | −47.9% | |
| Debt issued / repaid | (283.4) | (1,341.4) | (446.2) | (968.1) | (2,135.8) | 693.8 | +132.5% | |
| Financing cash flow | (325.7) | (1,438.6) | (595.6) | (1,105.0) | (2,260.8) | 446.0 | +119.7% | |
| Free cash flow | 1,025.8 | 873.8 | 1,165.7 | 2,168.5 | 2,211.0 | 327.8 | −85.2% | |
| Net change in cash | 700.2 | (564.8) | 570.7 | 1,063.6 | (469.1) | (136.0) | +71.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
