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Consolidated Statement of Profit or Loss and Other Comprehensive Income - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Statement of Profit or Loss and Other Comprehensive Income      
Revenue £ 5,436 £ 5,375 £ 3,714
Operating expenses (4,831) (4,711) (3,373)
Net impairment losses on financial assets (56) (39) (24)
Operating profit 549 625 317
Finance income 46 48 49
Finance cost (197) (189) (79)
Share of profit from associates net of tax 7 9 9
Profit before income tax 405 493 296
Income tax expense (98) (112) (64)
Profit for the year 307 381 232
Profit for the year attributable to:      
Equity holders of the Company 307 381 232
Other comprehensive income:      
Remeasurement of net defined benefit liability     2
Net exchange adjustments offset in reserves 46 (352) (232)
Net (loss)/gain on net investment hedge (17) 109 (68)
Effective portion of changes in fair value of cash flow hedge [1] 27 3 (6)
Cost of hedging (5) 9 (2)
Tax related to items taken to other comprehensive income (6) 6 11
Other comprehensive income for the year 45 (225) (295)
Total comprehensive income for the year 352 156 (63)
Total comprehensive income for the year attributable to:      
Equity holders of the Company £ 352 £ 156 £ (63)
Earnings per share attributable to the Company's equity holders:      
Basic £ 0.1217 £ 0.1514 £ 0.1157
Diluted £ 0.1214 £ 0.1507 £ 0.1151
[1] £27m net gain (2023: £3m net gain; 2022: £6m net loss) on cash flow hedge includes a £51m loss (2023: £28m loss; 2022: £137m gain) from the effective portion of changes in fair value, offset by reclassification to the cost of acquisition of £nil (2023: £nil; 2022: £118m loss) and a £78m gain (2023: £31m gain; 2022: £25m loss) reclassification to the income statement due to changes in foreign exchange rates.