| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (78.0) | (5.8) | 25.9 | 22.1 | 30.6 | 37.3 | +21.9% | |
| Depreciation & amortization | 26.1 | 14.0 | 10.5 | 16.1 | 12.2 | 12.9 | +5.7% | |
| Stock-based compensation | 0.9 | 1.1 | 1.1 | 2.2 | 2.3 | 3.1 | +34.8% | |
| Change in working capital | 15.7 | 27.8 | (35.9) | 7.4 | (4.5) | (9.5) | −111.1% | |
| Operating cash flow | (46.8) | 29.5 | 14.1 | 55.7 | 42.7 | 51.3 | +20.1% | |
| Capital expenditure | (4.1) | (2.2) | (0.5) | (0.1) | (5.5) | (1.4) | +74.5% | |
| Acquisitions | 4.9 | 0.0 | 2.6 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 4.5 | (2.2) | (1.3) | (0.1) | (9.0) | (2.8) | +68.9% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | (1.1) | (3.2) | (7.3) | −128.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (1.3) | (11.1) | (12.0) | −8.1% | |
| Debt issued / repaid | (67.5) | (8.0) | (40.0) | (12.6) | (11.3) | 0.0 | +100.0% | |
| Financing cash flow | 12.9 | (18.8) | (48.4) | (15.0) | (25.6) | (30.1) | −17.6% | |
| Free cash flow | (50.9) | 27.3 | 13.6 | 55.6 | 37.2 | 49.9 | +34.1% | |
| Net change in cash | (30.0) | 8.5 | (35.6) | 40.6 | 8.1 | 18.4 | +127.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
