| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (16.4) | 69.1 | 100.1 | 83.8 | 84.9 | 65.7 | −22.6% | |
| Depreciation & amortization | 14.5 | 14.9 | 17.8 | 19.5 | 20.2 | 22.0 | +8.9% | |
| Stock-based compensation | 1.4 | 1.8 | 1.8 | 1.9 | 2.5 | 2.4 | −4.0% | |
| Change in working capital | 11.6 | 39.4 | 78.5 | 59.9 | 48.8 | (15.7) | −132.2% | |
| Operating cash flow | 65.9 | 113.8 | 178.9 | 155.3 | 114.7 | 75.9 | −33.8% | |
| Capital expenditure | (9.8) | (6.6) | (9.6) | (8.0) | (5.7) | (5.5) | +3.5% | |
| Acquisitions | 0.1 | 2.9 | (4.9) | (1.4) | (2.5) | (4.4) | −76.0% | |
| Investing cash flow | (28.1) | 14.3 | (5.4) | (38.6) | (16.8) | (20.5) | −22.0% | |
| Dividends paid | (23.7) | (24.4) | (25.9) | (28.3) | (31.5) | (33.0) | −4.8% | |
| Share buybacks | (0.1) | (1.9) | (20.4) | (49.5) | (26.4) | (33.4) | −26.5% | |
| Debt issued / repaid | (1.2) | (0.1) | (11.8) | (11.0) | (10.9) | 0.0 | +100.0% | |
| Financing cash flow | (37.9) | (39.9) | (63.2) | (90.0) | (70.7) | (76.5) | −8.2% | |
| Free cash flow | 56.1 | 107.2 | 169.3 | 147.3 | 109.0 | 70.4 | −35.4% | |
| Net change in cash | (2.3) | 88.2 | 122.8 | 14.5 | 32.4 | (30.2) | −193.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
