| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (4.2) | (9.4) | (16.4) | (17.5) | (19.3) | (22.2) | −14.9% | |
| Depreciation & amortization | 0.4 | 0.9 | 1.8 | 1.7 | 2.6 | 4.2 | +63.8% | |
| Stock-based compensation | 0.1 | 1.2 | 1.7 | 0.8 | 1.5 | 2.0 | +36.9% | |
| Change in working capital | (0.1) | (0.1) | 2.1 | (0.1) | (5.8) | 1.2 | +120.0% | |
| Operating cash flow | (3.2) | (8.4) | (12.6) | (13.1) | (18.9) | (11.8) | +37.4% | |
| Capital expenditure | (0.9) | (1.9) | (2.7) | (1.6) | (7.4) | (0.7) | +90.2% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | (0.6) | 0.0 | +100.0% | |
| Investing cash flow | (0.8) | (1.9) | (2.7) | (1.2) | (7.7) | (15.0) | −94.9% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (0.1) | (0.3) | (0.4) | (0.5) | (0.5) | 0.0 | +100.0% | |
| Financing cash flow | 34.0 | 34.8 | 0.2 | 1.5 | 14.6 | 25.4 | +73.5% | |
| Free cash flow | (4.1) | (10.3) | (15.4) | (14.8) | (26.3) | (12.6) | +52.2% | |
| Net change in cash | 30.0 | 24.1 | (15.2) | (12.9) | (12.0) | (1.5) | +87.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
