| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 6.3 | 28.3 | (183.8) | 5.4 | 10.6 | 2.1 | −80.2% | |
| Depreciation & amortization | 74.8 | 73.6 | 59.2 | 31.2 | 29.4 | 28.9 | −1.7% | |
| Stock-based compensation | 1.2 | 0.8 | 2.6 | 1.4 | 1.1 | 1.7 | +54.5% | |
| Change in working capital | 6.2 | (30.1) | (20.7) | (6.0) | (9.9) | (2.4) | +75.8% | |
| Operating cash flow | 103.3 | 63.2 | 64.0 | 29.5 | 25.7 | 16.4 | −36.2% | |
| Capital expenditure | (45.1) | (41.7) | (40.7) | (13.2) | (12.8) | (10.6) | +17.2% | |
| Acquisitions | (36.2) | (14.6) | 357.5 | (51.1) | (18.9) | 11.6 | +161.4% | |
| Investing cash flow | (78.4) | (47.0) | 319.6 | (60.8) | (31.2) | 5.8 | +118.6% | |
| Dividends paid | 0.0 | (16.0) | (19.0) | (96.3) | (10.5) | (6.7) | +36.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (24.0) | (4.9) | (2.6) | +46.9% | |
| Debt issued / repaid | (34.1) | 16.1 | (70.7) | (193.1) | 12.3 | (2.4) | −119.5% | |
| Financing cash flow | 40.4 | (13.7) | (104.6) | (328.7) | (18.4) | (18.0) | +2.2% | |
| Free cash flow | 58.2 | 21.5 | 23.3 | 16.3 | 12.9 | 5.8 | −55.0% | |
| Net change in cash | 65.4 | 0.5 | 285.1 | (361.7) | (26.0) | 2.5 | +109.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
