| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 23.8 | 62.9 | 45.4 | 38.5 | 33.5 | 45.2 | +34.9% | |
| Depreciation & amortization | 27.6 | 37.1 | 40.2 | 41.5 | 42.3 | 43.2 | +2.1% | |
| Stock-based compensation | 1.4 | 2.2 | 2.9 | 2.1 | 2.9 | 2.5 | −13.8% | |
| Change in working capital | 1.5 | (27.0) | (19.7) | 14.0 | (2.0) | 1.6 | +180.0% | |
| Operating cash flow | 53.3 | 74.9 | 86.9 | 97.6 | 105.1 | 93.4 | −11.1% | |
| Capital expenditure | (25.1) | (34.6) | (43.8) | (34.5) | (25.6) | (27.6) | −7.8% | |
| Acquisitions | (1.8) | (236.4) | (3.1) | (1.6) | (5.2) | (103.0) | −1880.8% | |
| Investing cash flow | (26.3) | (270.5) | (44.0) | (28.5) | (27.9) | (133.2) | −377.4% | |
| Dividends paid | 0.0 | (21.7) | (30.5) | (30.5) | (30.8) | (31.3) | −1.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (139.3) | 138.0 | (8.3) | (50.9) | (9.2) | 78.0 | +947.8% | |
| Financing cash flow | (30.6) | 203.9 | (45.2) | (102.1) | (50.6) | 40.9 | +180.8% | |
| Free cash flow | 28.2 | 40.3 | 43.1 | 63.1 | 79.5 | 65.8 | −17.2% | |
| Net change in cash | (3.6) | 8.2 | (2.3) | (33.0) | 26.6 | 1.2 | −95.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
