| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (8.0) | 26.5 | (0.1) | (29.5) | (33.3) | (14.2) | +57.3% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.6 | 0.6 | 1.8 | +182.5% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (5.3) | (1.1) | 8.0 | 9.2 | (0.4) | 0.4 | +207.0% | |
| Operating cash flow | (6.1) | (1.8) | 4.0 | 5.0 | (10.0) | 12.7 | +226.7% | |
| Capital expenditure | 0.0 | 0.0 | (1.0) | (0.5) | (0.3) | (1.0) | −230.5% | |
| Acquisitions | 0.0 | 0.0 | 9.7 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 2.3 | (15.5) | (10.8) | (36.0) | (26.2) | (1.4) | +94.8% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (4.0) | (1.2) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 18.0 | 38.3 | (8.2) | −121.5% | |
| Financing cash flow | (4.0) | (1.2) | 10.5 | 16.4 | 38.2 | (12.8) | −133.5% | |
| Free cash flow | (6.1) | (1.8) | 3.0 | 4.5 | (10.3) | 11.6 | +212.8% | |
| Net change in cash | (7.8) | (18.5) | 3.7 | (14.7) | 2.0 | (1.5) | −174.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
