| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | £5.26B | +3.3% |
| Gross Profit | £3.20B | +2.6% |
| EBITDA | £1.00B | +17.0% |
| Net Income | -£666.7M | — |
| Diluted EPS | -£1.04 | — |
| Free Cash Flow | £447.3M | −7.8% |
| DPS (FY2025) | £0.10 |
| Trailing yield | — |
| Payout ratio | — |
| Growth streak | 3 yrs |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | £0.10 | +5.4% | reported |
| FY20242024-12-31 | £0.09 | +4.5% | reported |
| FY20232023-12-31 | £0.09 | +4.7% | reported |
| FY20222022-12-31 | £0.09 | — | reported |
| Ratio | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 5y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|
| ▾Margins | ||||||||
| Gross Margin | 63.60% | 63.18% | 60.95% | 61.27% | 60.85% | 10% | 89% | |
| Operating Margin | 9.29% | 7.65% | −13.52% | −4.91% | −3.69% | 50% | 19% | |
| EBITDA Margin | 18.96% | 16.07% | 4.20% | 16.86% | 19.09% | 90% | 86% | |
| NOPAT Margin | 6.51% | 2.45% | −10.68% | −3.88% | −2.91% | 50% | 17% | |
| Net Margin | 6.51% | 0.56% | −19.47% | −8.90% | −12.68% | 30% | 13% | |
| FCF Margin | 14.67% | 12.99% | 7.95% | 9.53% | 8.50% | 30% | 77% | |
| FCFF Margin | 16.19% | 13.69% | — | — | — | — | — | |
| FCFE Margin | 35.49% | 32.50% | 45.27% | 21.15% | 19.76% | 10% | 92% | |
| OCF Margin | 16.50% | 14.90% | 9.39% | 11.38% | 10.54% | 30% | 67% | |
| Gross Profitability | 33.59% | 31.06% | 26.79% | 30.75% | 34.06% | 90% | 46% | |
| Capex Intensity | 1.82% | 1.91% | 1.45% | 1.85% | 2.03% | 90% | 44% | |
| ▸Returns on Capital · 6 ratios | ||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | ||||||||
| ▸Earnings quality · 7 ratios | ||||||||
| ▸Liquidity & coverage · 8 ratios | ||||||||
| ▸Leverage · 8 ratios | ||||||||
| ▸Working capital · 5 ratios | ||||||||
| ▸Capital allocation · 3 ratios | ||||||||
The five drivers multiply to 0.8% vs reported ROE 0.8%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | £3.83B | £4.30B | £4.77B | £5.09B | £5.26B |
| YoY % | +12.2% | +11.0% | +6.7% | +3.3% | |
| Cost of Revenue | £1.39B | £1.58B | £1.86B | £1.97B | £2.06B |
| YoY % | +13.5% | +17.7% | +5.8% | +4.5% | |
| Gross Profit | £2.44B | £2.71B | £2.91B | £3.12B | £3.20B |
| YoY % | +11.5% | +7.1% | +7.3% | +2.6% | |
| SG&A Expense | £1.92B | £2.19B | £3.51B | £3.25B | £3.46B |
| YoY % | +14.3% | +60.1% | -7.3% | +6.3% | |
| Operating Income | £355.8M | £328.6M | -£644.7M | -£250.1M | -£194.0M |
| YoY % | -7.6% | ||||
| Interest Expense | £82.9M | £94.7M | £242.8M | £289.4M | £273.3M |
| YoY % | +14.2% | +156.4% | +19.2% | -5.6% | |
| Interest & Investment Income | £2.1M | £4.3M | £12.4M | £16.1M | £12.8M |
| YoY % | +104.8% | +188.4% | +29.8% | -20.5% | |
| Equity Method Income | -£162.5M | -£194.1M | -£42.9M | -£114.2M | £66.1M |
| Pretax Income | £393.2M | £102.9M | -£842.6M | -£357.4M | -£556.8M |
| YoY % | -73.8% | ||||
| Income Tax | £117.6M | £70.0M | £36.1M | £103.6M | £123.7M |
| YoY % | -40.5% | -48.4% | +187.0% | +19.4% | |
| Income from Continuing Operations | £275.6M | £32.9M | -£878.7M | -£461.0M | — |
| YoY % | -88.1% | ||||
| Income from Discontinued Operations | -£14.9M | -£13.4M | -£57.8M | £0 | — |
| Net Income (incl. NCI) | £260.7M | £19.5M | -£936.5M | -£461.0M | -£680.5M |
| YoY % | -92.5% | ||||
| Minority Interest (P&L) | £11.4M | -£4.7M | -£7.9M | -£8.3M | -£13.8M |
| Net Income | £249.3M | £24.2M | -£928.6M | -£452.7M | -£666.7M |
| YoY % | -90.3% | ||||
| EPS (Basic) | £0.43 | £0.04 | -£1.51 | -£0.71 | -£1.04 |
| YoY % | -90.4% | ||||
| EPS (Diluted) | £0.42 | £0.04 | -£1.51 | -£0.71 | -£1.04 |
| YoY % | -90.3% | ||||
| Dividends Declared per Share | — | £0 | £0 | £0 | £0 |
| YoY % | +4.7% | +4.5% | +5.4% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| FY20212021-12-31 |
| — |
| — |
| reported |
