| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1,426.9 | 4,060.0 | (1,927.0) | (253.0) | 703.0 | 551.0 | −21.6% | |
| Depreciation & amortization | 3.6 | 5.0 | 4.0 | 6.0 | 12.0 | 17.0 | +41.7% | |
| Stock-based compensation | 10.0 | 13.0 | 9.0 | 10.0 | 0.0 | 5.0 | — | |
| Change in working capital | (49.5) | (13.0) | 70.0 | 38.0 | (13.0) | (28.0) | −115.4% | |
| Operating cash flow | 199.3 | 311.0 | 213.0 | 431.0 | 330.0 | 396.0 | +20.0% | |
| Capital expenditure | (4.9) | (7.0) | (9.0) | (29.0) | (24.0) | (29.0) | −20.8% | |
| Acquisitions | (40.0) | (39.0) | (75.0) | (5.0) | 27.0 | 34.0 | +25.9% | |
| Investing cash flow | (1,105.6) | (1,285.0) | (1,255.0) | (526.0) | (369.0) | (402.0) | −8.9% | |
| Dividends paid | (179.0) | (176.0) | (222.0) | (185.0) | (277.0) | (405.0) | −46.2% | |
| Share buybacks | (2.0) | (3.0) | (4.0) | (4.0) | (5.0) | (4.0) | +20.0% | |
| Debt issued / repaid | 429.0 | 1,074.0 | 1,331.0 | 517.0 | (580.0) | 180.0 | +131.0% | |
| Financing cash flow | 862.5 | 930.0 | 1,118.0 | 309.0 | 26.0 | (246.0) | −1046.2% | |
| Free cash flow | 194.4 | 304.0 | 204.0 | 402.0 | 306.0 | 367.0 | +19.9% | |
| Net change in cash | (43.5) | (44.0) | 117.0 | 214.0 | (13.0) | (252.0) | −1838.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
