| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (108.1) | 64.1 | (12.9) | (38.3) | 8.6 | 20.3 | +136.0% | |
| Depreciation & amortization | 17.2 | 13.9 | 15.2 | 16.7 | 13.0 | 11.0 | −15.4% | |
| Stock-based compensation | 5.4 | 8.5 | 4.7 | 5.6 | 7.8 | 5.0 | −35.9% | |
| Change in working capital | (22.3) | 47.8 | 5.1 | 21.2 | (3.1) | (8.9) | −187.1% | |
| Operating cash flow | 33.1 | 100.1 | (10.4) | (25.6) | (67.4) | (33.8) | +49.9% | |
| Capital expenditure | (10.3) | (9.4) | (13.9) | (12.2) | (2.9) | (0.6) | +79.3% | |
| Acquisitions | 1.9 | 3.9 | 5.1 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 22.2 | 310.9 | 162.0 | 66.4 | 23.3 | (126.2) | −641.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | (8.7) | (1.8) | (33.7) | (39.2) | −16.3% | |
| Debt issued / repaid | (302.9) | (283.7) | (244.9) | 11.5 | 43.0 | 165.4 | +284.7% | |
| Financing cash flow | (116.2) | (291.2) | (201.7) | 3.7 | 10.2 | 124.7 | +1122.5% | |
| Free cash flow | 22.8 | 90.7 | (24.3) | (37.7) | (70.3) | (34.4) | +51.1% | |
| Net change in cash | (61.2) | 120.7 | (46.3) | 43.7 | (33.8) | (35.2) | −4.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
