| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 93.4 | (4.0) | (75.6) | (127.5) | (326.4) | (108.3) | +66.8% | |
| Depreciation & amortization | 29.8 | 53.8 | 68.6 | 85.0 | 56.6 | 55.0 | −2.8% | |
| Stock-based compensation | 19.7 | 26.1 | 32.0 | 17.5 | 14.9 | 0.0 | −100.0% | |
| Change in working capital | 27.5 | (79.0) | 84.8 | (17.2) | 27.8 | 3.9 | −86.0% | |
| Operating cash flow | 162.8 | 10.3 | 136.7 | 1.9 | (12.7) | (23.1) | −81.9% | |
| Capital expenditure | (122.7) | (261.5) | (91.2) | (64.8) | (21.3) | (2.6) | +87.8% | |
| Acquisitions | (161.9) | 0.0 | 0.0 | 0.0 | 0.0 | 9.1 | — | |
| Investing cash flow | (283.4) | (261.5) | (103.3) | (54.8) | 32.2 | (10.9) | −133.9% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (39.4) | (19.2) | (7.4) | (15.3) | 0.0 | (1.4) | — | |
| Debt issued / repaid | (4.8) | 100.0 | 225.0 | (13.3) | (202.1) | 18.7 | +109.3% | |
| Financing cash flow | 151.2 | 76.5 | 196.2 | (48.0) | (202.9) | 42.5 | +120.9% | |
| Free cash flow | 40.1 | (251.2) | 45.5 | (62.9) | (34.0) | (25.7) | +24.4% | |
| Net change in cash | 30.6 | (174.7) | 229.6 | (100.9) | (185.3) | 7.4 | +104.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
