| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (10.7) | 70.9 | 26.4 | 17.9 | (105.0) | 2.2 | +102.1% | |
| Depreciation & amortization | 7.1 | 3.4 | 2.3 | 2.8 | 2.7 | 3.8 | +40.7% | |
| Stock-based compensation | 0.5 | 1.8 | 1.9 | 1.5 | 1.8 | 0.0 | −100.0% | |
| Change in working capital | 83.0 | 63.7 | 21.7 | (188.7) | 49.3 | (31.0) | −162.9% | |
| Operating cash flow | 114.5 | 126.6 | 54.2 | (165.4) | (67.8) | (11.0) | +83.8% | |
| Capital expenditure | (0.3) | (0.2) | (0.1) | (1.8) | (1.4) | 0.0 | +100.0% | |
| Acquisitions | 3.9 | 0.4 | (14.5) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (4.5) | (0.7) | 11.9 | 1.6 | 25.0 | (7.4) | −129.6% | |
| Dividends paid | 0.0 | (10.5) | (38.5) | (43.6) | (32.1) | (6.4) | +80.1% | |
| Share buybacks | (1.8) | (1.6) | (1.1) | (1.0) | (0.1) | 0.0 | +100.0% | |
| Debt issued / repaid | (39.8) | (2.7) | (2.1) | (2.4) | (15.0) | 80.0 | +633.3% | |
| Financing cash flow | (41.2) | (14.6) | (43.2) | (47.0) | (46.0) | 69.6 | +251.3% | |
| Free cash flow | 114.2 | 126.4 | 54.1 | (167.2) | (69.2) | (11.0) | +84.1% | |
| Net change in cash | 68.8 | 111.3 | 22.9 | (211.0) | (88.8) | 51.2 | +157.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
