| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 424.0 | 136.0 | 409.0 | 415.0 | 292.0 | — | — | |
| Depreciation & amortization | 139.0 | 129.0 | 135.0 | 135.0 | 156.0 | 99.0 | −36.5% | |
| Stock-based compensation | 13.0 | 13.0 | 13.0 | 13.0 | 21.0 | — | — | |
| Change in working capital | 62.0 | (102.0) | (137.0) | (37.0) | (62.0) | (149.0) | −140.3% | |
| Operating cash flow | 535.0 | 279.0 | 293.0 | 418.0 | 456.0 | 241.0 | −47.1% | |
| Capital expenditure | (117.0) | (88.0) | (81.0) | (86.0) | (72.0) | (67.0) | +6.9% | |
| Acquisitions | (83.0) | 1,331.0 | (29.0) | (65.0) | (121.0) | — | — | |
| Investing cash flow | (205.0) | 1,246.0 | (108.0) | 39.0 | (160.0) | — | — | |
| Dividends paid | (185.0) | (150.0) | (143.0) | (147.0) | (152.0) | (149.0) | +2.0% | |
| Share buybacks | (16.0) | (527.0) | (231.0) | (90.0) | (326.0) | — | — | |
| Debt issued / repaid | 0.0 | (295.0) | (527.0) | 0.0 | (41.0) | — | — | |
| Financing cash flow | (239.0) | (985.0) | (945.0) | (269.0) | (517.0) | — | — | |
| Free cash flow | 418.0 | 191.0 | 212.0 | 332.0 | 384.0 | 177.0 | −53.9% | |
| Net change in cash | 39.0 | 650.0 | (770.0) | 174.0 | (264.0) | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
