| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.4 | 1.7 | 37.5 | 34.2 | 42.8 | 34.6 | −19.1% | |
| Depreciation & amortization | 19.9 | 20.1 | 21.4 | 23.9 | 26.9 | 31.7 | +17.9% | |
| Stock-based compensation | 0.7 | 0.0 | 0.9 | 1.2 | 1.8 | 1.8 | +0.9% | |
| Change in working capital | (4.3) | 6.9 | 8.3 | (0.4) | 1.0 | 1.8 | +77.7% | |
| Operating cash flow | 14.5 | 28.3 | 75.2 | 63.5 | 68.0 | 73.5 | +8.1% | |
| Capital expenditure | (13.7) | (9.6) | (21.8) | (22.9) | (38.9) | (35.8) | +8.0% | |
| Acquisitions | 0.0 | 0.0 | (7.7) | (7.4) | (13.7) | 0.1 | +100.6% | |
| Investing cash flow | (13.7) | (9.6) | (29.5) | (30.2) | (52.6) | (36.4) | +30.7% | |
| Dividends paid | (14.5) | 0.0 | (5.1) | (25.3) | (26.2) | (20.8) | +20.4% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (0.4) | (15.2) | −3897.6% | |
| Debt issued / repaid | 2.5 | (29.5) | (14.5) | (11.4) | (12.3) | 0.0 | +100.0% | |
| Financing cash flow | (4.9) | (9.6) | (19.6) | (36.8) | (38.9) | (50.5) | −30.0% | |
| Free cash flow | 0.8 | 18.7 | 53.4 | 40.6 | 29.1 | 37.7 | +29.6% | |
| Net change in cash | (4.1) | 9.2 | 26.1 | (3.6) | (23.8) | (13.5) | +43.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
