| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 61.0 | 96.7 | 67.1 | 29.8 | 47.3 | 70.6 | +49.3% | |
| Depreciation & amortization | 103.1 | 102.4 | 103.0 | 101.9 | 105.6 | 104.7 | −0.9% | |
| Stock-based compensation | 1.7 | 3.8 | 4.4 | 5.9 | 3.5 | 4.4 | +25.7% | |
| Change in working capital | 36.3 | (56.2) | (28.7) | 2.6 | (1.4) | 21.8 | +1657.1% | |
| Operating cash flow | 76.8 | 101.4 | 125.7 | 179.3 | 162.0 | 200.1 | +23.5% | |
| Capital expenditure | (20.1) | (26.5) | (40.4) | (32.1) | (26.1) | (22.8) | +12.6% | |
| Acquisitions | 0.2 | 1.2 | 0.4 | 0.0 | (2.3) | 0.0 | +100.0% | |
| Investing cash flow | (19.9) | 98.3 | (38.1) | (30.9) | (14.7) | (25.2) | −71.4% | |
| Dividends paid | 0.0 | (5.3) | (31.2) | (27.4) | (26.1) | (24.8) | +5.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (10.3) | (15.1) | (32.6) | −115.9% | |
| Debt issued / repaid | (75.8) | (77.8) | (82.4) | (84.3) | (84.3) | 0.0 | +100.0% | |
| Financing cash flow | (75.8) | (82.8) | (111.5) | (150.4) | (158.5) | (169.5) | −6.9% | |
| Free cash flow | 56.7 | 74.9 | 85.3 | 147.2 | 135.9 | 177.3 | +30.5% | |
| Net change in cash | (18.9) | 116.9 | (23.9) | (2.0) | (11.2) | 5.4 | +148.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
