​

​

​

​

Three months ended

​

​

March 31, 

​

March 31, 

​

​

2025

2024

​

​

Notes

​

$'m

​

$'m

Cash flows from operating activities

​

​

​

Cash from operations

​

18

​

216.3

​

93.0

Income taxes paid

​

​

​

(16.0)

​

(13.1)

Payment for rent

​

​

​

—

​

(4.1)

Net cash from operating activities

​

​

​

200.3

​

75.8

​

​

​

​

​

​

​

Cash flow from investing activities

​

​

​

​

Purchase of property, plant and equipment

​

​

​

(47.1)

​

(61.0)

Payment in advance for property, plant and equipment

​

​

​

(9.4)

​

(4.3)

Purchase of software and licenses

​

​

​

(0.1)

​

(1.6)

Proceeds from disposal of property, plant and equipment

​

​

​

0.7

​

0.9

Insurance claims received

​

​

​

0.1

​

—

Interest received

​

​

​

9.3

​

4.0

Deposit of short-term deposits

​

​

​

(1.8)

​

(30.3)

Repayment of short-term deposits

​

​

​

9.1

​

202.8

Net cash (used in)/from investing activities

​

​

​

(39.2)

​

110.5

​

​

​

​

​

​

​

Cash flows from financing activities

​

​

​

​

Proceeds received from issuance of borrowings (net of transaction costs)

​

​

​

—

​

380.4

Repayment of borrowings

​

​

​

(20.5)

​

(328.7)

Fees on borrowings and derivative instruments

​

​

​

(4.5)

​

(3.3)

Interest paid

​

​

​

(55.6)

​

(81.3)

Payment for the principal portion of lease liabilities

​

​

​

(11.4)

​

(17.1)

Interest paid for lease liabilities

​

​

​

(13.1)

​

(13.2)

Interest paid on derivative instruments

​

​

​

(3.0)

​

—

Net loss settled on derivative instruments

​

​

​

—

​

(20.1)

Net cash used in financing activities

​

​

​

(108.1)

​

(83.3)

​

​

​

​

​

​

​

Net increase in cash and cash equivalents

​

​

​

53.0

​

103.0

Cash and cash equivalents at beginning of period

​

​

​

578.0

​

293.8

Exchange differences

​

​

​

(2.0)

​

(63.6)

Cash and cash equivalents at end of period

​

​

​

629.0

​

333.2