Main content
Consolidated income statement
(includes discontinued operations) |
2024
£m |
2023
£m |
2022
£m |
2021
£m |
2020
£m |
| Group revenue |
4,715.1 |
4,759.0 |
5,588.0 |
6,844.8 |
7,754.6 |
| Operating profit before amortisation charges and other adjustments |
202.4 |
154.4 |
226.8 |
220.4 |
256.8 |
| Amortisation charges |
- |
- |
(0.4) |
(4.1) |
(4.9) |
| Other adjustments |
(161.2) |
30.8 |
579.7 |
69.5 |
(404.6) |
| Operating profit/(loss) |
41.2 |
185.2 |
806.1 |
285.8 |
(152.7) |
| Finance costs |
(82.4) |
(69.3) |
(153.5) |
(172.0) |
(146.9) |
| Investment income |
16.8 |
12.8 |
1.5 |
2.0 |
- |
| (Loss)/profit before tax |
(24.4) |
128.7 |
654.1 |
115.8 |
(299.6) |
| Tax |
15.0 |
(33.4) |
(12.1) |
(24.7) |
(25.0) |
| (Loss)/profit for the year |
(9.4) |
95.3 |
642.0 |
91.1 |
(324.6) |
| EBITDA |
746.8 |
755.8 |
862.1 |
1,178.9 |
1,108.9 |
|
Per share measures
|
pence
|
pence |
pence |
pence |
pence |
| Adjusted continuing EPS1 |
16.7 |
11.6 |
1.6 |
(2.8) |
6.8 |
| Basic EPS |
(2.4) |
11.8 |
60.2 |
6.5 |
(27.0) |
| Dividend per share |
5.5 |
3.8 |
1.1 |
- |
- |
|
Consolidated balance sheet
|
£m
|
£m |
£m |
£m |
£m |
| Non-current assets |
2,425.4 |
2,651.9 |
2,267.2 |
2,641.2 |
6,225.1 |
| Net current (liabilities)/assets |
(621.7) |
(253.9) |
(546.8) |
(876.8) |
(701.9) |
| Non-current liabilities |
(1,051.3) |
(1,530.9) |
(753.1) |
(2,817.7) |
(3,927.5) |
| Held for sale - continuing operations |
- |
8.3 |
- |
- |
- |
| Held for sale - discontinued operations |
0.6 |
0.6 |
38.5 |
2,342.9 |
- |
| Non-current provisions |
(111.3) |
(125.2) |
(120.7) |
(135.5) |
(419.0) |
| Net assets |
641.7 |
750.8 |
885.1 |
1,154.1 |
1,176.7 |
|
Share data
Number of shares in issue
|
millions
|
millions |
millions |
millions |
millions |
| At year end |
750.7 |
750.6 |
750.2 |
1,221.8 |
1,219.5 |
| Average (excluding treasury shares and shares in trusts) |
662.9 |
739.5 |
1,057.5 |
1,203.6 |
1,210.9 |
|
Share price
|
pence
|
pence |
pence |
pence |
pence |
| At year end |
180 |
101 |
107 |
92 |
50 |
| High |
188 |
140 |
107 |
95 |
138 |
| Low |
102 |
94 |
73 |
31 |
28 |
|
Market capitalisation
|
2024
£m
|
2023
£m |
2022
£m |
2021
£m |
2020
£m |
| At year end |
1,154 |
803 |
1,124 |
610 |
1,105 |
|
|
|
|
|
|
| Continuing operations |
2024
£m |
2023
£m |
2022
£m |
2021
£m |
2020
£m |
| Revenue |
4,751.1 |
4,755.0 |
4,591.1 |
4,318.8 |
4,039.6 |
Adjusted operating profit
|
204.3 |
161.0 |
106.7 |
112.2 |
81.3 |
| Operating profit/(loss) |
46.5 |
153.9 |
122.8 |
171.0 |
38.2 |
EBITDA
|
748.6 |
762.4 |
731.2 |
782.8 |
623.3 |
| First Bus |
2024
£m |
2023
£m |
2022
£m |
2021
£m |
2020
£m |
| Revenue |
1,012.2 |
902.5 |
789.9 |
698.9 |
835.9 |
Adjusted operating profit
|
83.6 |
58.4 |
45.2 |
36.6 |
46.1 |
| Operating profit/(loss) |
(63.3) |
51.4 |
45.2 |
30.8 |
32.4 |
EBITDA
|
148.1 |
120.9 |
104.4 |
100.8 |
113.2 |
| First Rail |
2024
£m |
2023
£m |
2022
£m |
2021
£m |
2020
£m |
| Revenue |
3,738.4 |
3,893.2 |
3,801.2 |
3,619.9 |
3,203.7 |
Adjusted operating profit
|
143.3 |
124.8 |
87.8 |
108.1 |
70.4 |
| Operating profit/(loss) |
143.3 |
124.8 |
91.8 |
203.8 |
69.3 |
EBITDA
|
620.5 |
661.0 |
649.9 |
711.1 |
540.3 |
1 The Group has revised its definition of adjusted earnings during the year, to exclude also the impact of IFRS 16 depreciation and interest charges in relation to its rail management fee-based operations, given the Group takes no cost risk on these rolling stock leases. The 2023 comparatives only have also been updated for the revised definition. There has been no other change to the calculation, or to the Group’s policy regarding adjusting items.