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Condensed Financial Information of Parent Company - Company Statement of Cash Flows (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Reconciliation of profit before tax to net cash flows from operating activities      
Profit / (loss) before tax $ 411.6 $ 295.8 $ 196.5
Adjustments for non-cash items      
Bargain purchase gain on acquisitions (3.6) 0.0 (0.3)
Changes in operating assets and liabilities      
Increase in trade and other receivables (2,570.2) (2,757.9) 777.6
Adjustments for increase (decrease) in trade and other payables 2,259.9 2,952.6 (709.5)
Net (increase) / decrease in derivative instruments 469.3 (188.1) (66.9)
(Increase) in equity instruments (1,721.2) (3,376.9) (173.3)
Increase in debt securities [1] 2,123.4 1,372.3 1,049.8
Corporation tax paid (140.9) (58.1) (55.9)
Net cash inflow from operating activities 667.5 1,163.5 735.0
Investing activities      
Net cash used in investing activities (264.3) (35.3) (97.6)
Financing activities      
Proceeds from issuance of ordinary shares 0.0 73.1 0.0
Issuance costs of ordinary shares 0.0 (4.8) 0.0
Purchase of own shares (44.1) (19.8) (3.1)
Dividends paid (55.5) (77.1) (58.3)
Net cash used in financing activities (123.9) (37.2) (72.8)
Net (decrease) / increase in cash and cash equivalents 279.3 1,091.0 564.6
Cash and cash equivalents      
Cash and cash equivalents at 1 January 2,556.6 [2] 1,483.5 [2] 910.1
Net (decrease) / increase in cash and cash equivalents 279.3 1,091.0 564.6
Cash and cash equivalents at 31 December [2] 2,881.2 2,556.6 1,483.5
Separate      
Reconciliation of profit before tax to net cash flows from operating activities      
Profit / (loss) before tax 34.8 (25.3) 91.1
Adjustments for non-cash items      
Impairment of investments in subsidiaries 0.9 24.8 8.2
Bargain purchase gain on acquisitions 0.0 0.0 (0.9)
Share-based compensation expense 43.5 29.6 20.3
Other non-cash movements including exchange rate movements (0.4) 2.4 (2.1)
Changes in operating assets and liabilities      
Increase in trade and other receivables (980.6) (581.9) (1,127.9)
Adjustments for increase (decrease) in trade and other payables 53.9 49.1 (172.6)
Net (increase) / decrease in derivative instruments (81.8) 56.1 (17.3)
(Increase) in equity instruments (168.5) (14.7) (188.8)
Increase in debt securities 1,086.3 875.8 1,170.4
Corporation tax paid 0.0 (0.1) (0.9)
Net cash inflow from operating activities (11.9) 415.8 (220.5)
Investing activities      
(Increase)/decrease in subordinated loan receivable 13.2 (8.4) 292.8
Net cash used in investing activities 13.2 (8.4) 292.8
Financing activities      
Proceeds from issuance of ordinary shares 0.0 73.1 0.0
Issuance costs of ordinary shares 0.0 (4.8) 0.0
Purchase of own shares (44.1) (19.8) (3.1)
Dividends paid (55.5) (77.1) (58.3)
Net cash used in financing activities (99.6) (28.6) (61.4)
Net (decrease) / increase in cash and cash equivalents (98.3) 378.8 10.9
Cash and cash equivalents      
Cash and cash equivalents at 1 January 389.7 10.9 0.0
Net (decrease) / increase in cash and cash equivalents (98.3) 378.8 10.9
Cash and cash equivalents at 31 December $ 291.4 $ 389.7 $ 10.9
[1] 1.Included in the movement in debt securities is the movement of EMTN notes and the Group's debt issuance during May 2025. Please refer to note 22 for further detail.
[2] 1.Cash and cash equivalents includes restricted cash of $194.9m at 31 December 2025 (2024: $$173.9m, 2023: $197.7m).