| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 38.8 | 43.8 | 46.7 | 68.2 | 84.3 | 105.1 | +24.7% | |
| Depreciation & amortization | 3.6 | 3.6 | 3.6 | 4.8 | 3.4 | 4.1 | +18.9% | |
| Stock-based compensation | 3.4 | 5.0 | 4.7 | 1.1 | 1.5 | 4.1 | +173.0% | |
| Change in working capital | (5.2) | (5.3) | (10.1) | 28.4 | 14.5 | (9.0) | −161.7% | |
| Operating cash flow | 39.9 | 47.8 | 46.0 | 101.4 | 96.3 | 86.5 | −10.2% | |
| Capital expenditure | (1.1) | (3.5) | (3.4) | (1.6) | (2.9) | (2.4) | +17.4% | |
| Acquisitions | 0.0 | (2.6) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (1.1) | (6.1) | (3.4) | (1.1) | 4.0 | 4.4 | +10.2% | |
| Dividends paid | (19.7) | (29.1) | (50.4) | (33.3) | (47.4) | (52.3) | −10.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (2.0) | 0.0 | (44.6) | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | (1.6) | 0.0 | +100.0% | |
| Financing cash flow | (21.5) | (31.0) | (52.6) | (38.0) | (49.9) | (99.3) | −99.0% | |
| Free cash flow | 38.8 | 44.2 | 42.6 | 99.8 | 93.3 | 84.0 | −10.0% | |
| Net change in cash | 17.3 | 7.6 | (13.0) | 62.3 | 50.3 | (8.5) | −116.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
