| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 44.3 | 66.1 | 122.2 | 113.4 | 76.8 | 66.3 | −13.7% | |
| Depreciation & amortization | 30.1 | 57.4 | 80.4 | 79.8 | 83.6 | 71.3 | −14.7% | |
| Stock-based compensation | 5.6 | 10.0 | 11.3 | 7.6 | 8.3 | 5.5 | −33.7% | |
| Change in working capital | 3.6 | 4.7 | (18.4) | (21.0) | (0.3) | (25.6) | −8433.3% | |
| Operating cash flow | 81.4 | 165.7 | 202.6 | 182.8 | 169.8 | 117.3 | −30.9% | |
| Capital expenditure | (6.3) | (11.1) | (11.6) | (11.3) | (13.9) | (3.3) | +76.3% | |
| Acquisitions | (73.5) | (169.3) | (113.1) | (47.5) | (7.9) | (3.4) | +57.0% | |
| Investing cash flow | (79.8) | (180.4) | (116.7) | (58.8) | (21.8) | (19.6) | +10.1% | |
| Dividends paid | (1.0) | (1.6) | (3.4) | (4.1) | (3.9) | (3.7) | +5.1% | |
| Share buybacks | (8.5) | (4.9) | (7.9) | (24.5) | (63.1) | (102.8) | −62.9% | |
| Debt issued / repaid | (75.7) | 341.2 | (370.4) | (47.6) | (93.0) | 3.7 | +104.0% | |
| Financing cash flow | 12.1 | 321.5 | (389.0) | (86.9) | (166.9) | (109.0) | +34.7% | |
| Free cash flow | 75.1 | 154.6 | 191.0 | 171.5 | 155.9 | 114.0 | −26.9% | |
| Net change in cash | 12.7 | 305.0 | (295.1) | 31.1 | (20.6) | (12.1) | +41.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
