| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (70.3) | 100.2 | (45.3) | 38.3 | 55.6 | 18.9 | −66.1% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (0.1) | 0.1 | (0.0) | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating cash flow | 9.3 | 10.0 | 11.5 | 12.4 | 10.3 | 10.7 | +3.5% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (10.7) | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (20.9) | (3.7) | 2.9 | 7.9 | 11.0 | 30.8 | +181.2% | |
| Dividends paid | (12.0) | (12.4) | (12.5) | (12.8) | (12.7) | (12.6) | +1.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (13.6) | 0.0 | +100.0% | |
| Debt issued / repaid | 10.0 | 5.0 | (1.0) | 1.0 | 3.0 | (13.0) | −533.3% | |
| Financing cash flow | 8.6 | (5.7) | (15.3) | (18.9) | (23.3) | (39.5) | −69.7% | |
| Free cash flow | 9.3 | 10.0 | 11.5 | 12.4 | 10.3 | 10.7 | +3.5% | |
| Net change in cash | (3.0) | 0.6 | (0.9) | 1.5 | (2.1) | 1.9 | +193.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
