| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 126.4 | 393.9 | 986.6 | 194.0 | 23.6 | (192.6) | −915.5% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 0.0 | −100.0% | |
| Change in working capital | (2.4) | (0.9) | 0.7 | (29.5) | 23.9 | (7.8) | −132.8% | |
| Operating cash flow | 123.1 | 242.3 | 545.9 | 359.8 | 391.0 | 273.9 | −30.0% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (900.3) | (563.5) | (475.3) | (773.5) | 54.6 | 110.7 | +102.7% | |
| Dividends paid | (112.6) | (138.8) | (175.8) | (197.0) | (249.8) | (227.0) | +9.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (9.5) | (80.4) | (109.1) | −35.7% | |
| Debt issued / repaid | 500.0 | (150.0) | 150.0 | 690.0 | (30.0) | (40.0) | −33.3% | |
| Financing cash flow | 760.4 | 318.1 | (55.5) | 415.7 | (461.7) | (376.2) | +18.5% | |
| Free cash flow | 123.1 | 242.3 | 545.9 | 359.8 | 391.0 | 273.9 | −30.0% | |
| Net change in cash | (16.8) | (3.1) | 15.0 | 2.0 | (16.0) | 8.4 | +152.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
