| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Depreciation & amortization | 1.4 | 1.5 | 2.8 | 1.8 | 1.6 | 1.8 | +9.6% | |
| Change in working capital | 0.2 | 0.6 | (1.6) | (1.0) | (1.1) | 2.0 | +280.0% | |
| Operating cash flow | (7.8) | (14.0) | (15.9) | (14.0) | (13.1) | (9.1) | +30.0% | |
| Capital expenditure | (0.5) | (1.8) | (1.9) | (0.7) | (0.4) | (0.2) | +43.9% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Free cash flow | (8.2) | (15.7) | (17.6) | (14.6) | (13.5) | (9.4) | +30.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.