| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 3.7 | 122.3 | (65.8) | (1.5) | 38.2 | 48.3 | +26.6% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | 0.4 | +21.9% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (2.8) | 3.6 | 0.9 | 0.8 | (0.6) | 1.6 | +375.7% | |
| Operating cash flow | 19.3 | 28.1 | 24.3 | 23.2 | 25.0 | 28.0 | +11.9% | |
| Capital expenditure | (2.3) | (3.5) | (1.2) | (19.0) | (1.3) | (0.1) | +90.1% | |
| Acquisitions | (0.7) | (2.3) | 40.0 | 0.0 | 0.0 | (15.3) | — | |
| Investing cash flow | (10.1) | 26.6 | (40.1) | (0.9) | 6.7 | (5.2) | −177.7% | |
| Dividends paid | (20.6) | (24.2) | (24.3) | (24.2) | (25.9) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (4.8) | — | |
| Debt issued / repaid | (10.1) | (25.1) | 35.3 | 5.5 | (4.0) | 9.7 | +342.6% | |
| Financing cash flow | (30.7) | (48.7) | 11.0 | (19.5) | (31.3) | (22.6) | +27.8% | |
| Free cash flow | 17.0 | 24.6 | 23.1 | 4.2 | 23.7 | 27.9 | +17.6% | |
| Net change in cash | (21.5) | 7.7 | (4.7) | 2.8 | 0.4 | 2.2 | +438.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
