| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (11.8) | 0.6 | 44.7 | 10.0 | (7.6) | (8.9) | −17.9% | |
| Depreciation & amortization | 23.8 | (0.9) | 1.3 | 1.6 | 3.2 | 2.9 | −10.4% | |
| Stock-based compensation | 0.1 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | — | |
| Change in working capital | 10.5 | 5.1 | (18.3) | (2.2) | 10.6 | 17.3 | +62.5% | |
| Operating cash flow | (4.4) | 13.1 | 31.2 | 9.6 | (6.3) | 8.3 | +231.8% | |
| Capital expenditure | (1.0) | (0.8) | (1.7) | (3.2) | (5.7) | (5.6) | +2.0% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.9) | (0.8) | (1.6) | (3.4) | (7.2) | (5.1) | +29.3% | |
| 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 | 1.5 | (6.8) | (23.4) | 1.1 | (0.0) | 0.9 | +1977.6% | |
| Financing cash flow | 1.3 | (6.9) | (23.4) | 1.1 | (0.6) | 0.9 | +233.3% | |
| Free cash flow | (5.4) | 12.3 | 29.5 | 6.4 | (12.0) | 2.7 | +122.7% | |
| Net change in cash | (4.3) | 5.2 | 6.1 | 5.6 | (14.1) | 3.6 | +125.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in GBP.
