| GBP | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 20.36B | 20.80B | 20.68B | 20.85B |
| YoY Growth | -2.1% | +0.6% | -0.8% | — |
| Gross Profit | 14.99B | 15.07B | 15.17B | 15.51B |
| Gross Margin | 73.6% | 72.5% | 73.3% | 74.4% |
| R&D | — | — | — | — |
| SG&A | 770.00M | 873.00M | 952.00M | 940.00M |
| EBIT | 3.48B | 3.44B | 3.35B | 3.31B |
| EBIT Margin | 17.1% | 16.5% | 16.2% | 15.9% |
| D&A | 4.88B | 4.79B | 4.73B | 4.37B |
| EBITDA | 7.47B | 7.13B | 7.39B | 7.19B |
| EBITDA Margin | 36.7% | 34.3% | 35.7% | 34.5% |
| Net Income | 1.05B | 855.00M | 1.91B | 1.27B |
| Net Margin | 5.2% | 4.1% | 9.2% | 6.1% |
| EPS (diluted) | £0.11 | £0.09 | £0.19 | £0.13 |
| Shares (dil., M) | 9943 | 9998 | 10079 | 10192 |
| Gross Margin | 73.7% |
|---|---|
| EBITDA Margin | 37.3% |
| EBIT Margin | 17.2% |
| Net Margin | 4.7% |
| FCF Margin | 8.4% |
| ROIC | 7.3% |
|---|---|
| ROCE | 8.5% |
| ROE | 7.4% |
| ROA | 1.9% |
| Asset Turnover | 0.39× |
| FCF / Net Income | 194.7% |
|---|---|
| SBC / Net Income | — |
| SBC / Revenue | — |
| Capex / D&A | 1.01× |
| Metric | 3yr |
|---|---|
| Revenue | -0.8% |
| EPS | -5.3% |
| FCF | 23.9% |
| Dividend | — |
| Float | 51.6% |
|---|---|
| Shares Out. | 9.74B |
| Insiders % | — |
| Institutions % | — |
| Institutions (of float) | — |
| Institution holders | — |
| Insider net buy 6M | — |
| Cash & ST Invest. | £2.8B |
|---|---|
| Total Debt | £23.3B |
| Net Cash / (Debt) | -£23.1B |
| Total Assets | £51.0B |
| Total Equity | £12.9B |
| Goodwill & Intang. | £12.4B |
| Tangible Book Value | £475.0M |
| NCAV (Graham) | -£29.7B |
| Tangible Book/sh | £0.05 |
| NCAV/sh | -£3.05 |
| D/E Ratio | 1.81× |
|---|---|
| Net Debt / EBITDA | 3.09× |
| Interest Coverage | 2.64× |
| Current Ratio | 0.81× |
| Quick Ratio | 0.78× |
| Capex | £4.9B |
|---|---|
| Capex / Revenue | 24.3% |
| SBC | — |
| Dividends Paid | £788.0M |
| Buybacks | £79.0M |
| Annual DPS | £0.08 |
|---|---|
| Yield (fwd) | 3.79% |
| Payout Ratio | 85.0% |
| Ex-div Date | 2025-12-29 |
| P/E vs 4Y | —vs 1275.0× median |
|---|---|
| Div yield vs 10Y | 379.0%vs 0.0% median |
| Gross Margin | 73.7% |
|---|---|
| EBITDA Margin | 37.3% |
| EBIT Margin | 17.2% |
| Net Margin | 4.7% |
| FCF Margin | 8.4% |
| ROIC | 7.3% |
|---|---|
| ROCE | 8.5% |
| ROE | 7.4% |
| ROA | 1.9% |
| Asset Turnover | 0.39× |
| FCF / Net Income | 194.7% |
|---|---|
| SBC / Net Income | — |
| SBC / Revenue | — |
| Capex / D&A | 1.01× |
| Metric | 3yr |
|---|---|
| Revenue | -0.8% |
| EPS | -5.3% |
| FCF | 23.9% |
| Dividend | — |
| Float | 51.6% |
|---|---|
| Shares Out. | 9.74B |
| Insiders % | — |
| Institutions % | — |
| Institutions (of float) | — |
| Institution holders | — |
| Insider net buy 6M | — |
| GBP | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | 20.36B | 20.80B | 20.68B | 20.85B |
| YoY Growth | -2.1% | +0.6% | -0.8% | — |
| Gross Profit | 14.99B | 15.07B | 15.17B | 15.51B |
| Gross Margin | 73.6% | 72.5% | 73.3% | 74.4% |
| R&D | — | — | — | — |
| SG&A | 770.00M | 873.00M | 952.00M | 940.00M |
| EBIT | 3.48B | 3.44B | 3.35B | 3.31B |
| EBIT Margin | 17.1% | 16.5% | 16.2% | 15.9% |
| D&A | 4.88B | 4.79B | 4.73B | 4.37B |
| EBITDA | 7.47B | 7.13B | 7.39B | 7.19B |
| EBITDA Margin | 36.7% | 34.3% | 35.7% | 34.5% |
| Net Income | 1.05B | 855.00M | 1.91B | 1.27B |
| Net Margin | 5.2% | 4.1% | 9.2% | 6.1% |
| EPS (diluted) | £0.11 | £0.09 | £0.19 | £0.13 |
| Shares (dil., M) | 9943 | 9998 | 10079 | 10192 |
| Cash & ST Invest. | £2.8B |
|---|---|
| Total Debt | £23.3B |
| Net Cash / (Debt) | -£23.1B |
| Total Assets | £51.0B |
| Total Equity | £12.9B |
| Goodwill & Intang. | £12.4B |
| Tangible Book Value | £475.0M |
| NCAV (Graham) | -£29.7B |
| Tangible Book/sh | £0.05 |
| NCAV/sh | -£3.05 |
| D/E Ratio | 1.81× |
|---|---|
| Net Debt / EBITDA | 3.09× |
| Interest Coverage | 2.64× |
| Current Ratio | 0.81× |
| Quick Ratio | 0.78× |
| Capex | £4.9B |
|---|---|
| Capex / Revenue | 24.3% |
| SBC | — |
| Dividends Paid | £788.0M |
| Buybacks | £79.0M |
| Annual DPS | £0.08 |
|---|---|
| Yield (fwd) | 3.79% |
| Payout Ratio | 85.0% |
| Ex-div Date | 2025-12-29 |
| P/E vs 4Y | —vs 1275.0× median |
|---|---|
| Div yield vs 10Y | 379.0%vs 0.0% median |