| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 18.7 | 80.4 | 217.1 | (110.1) | (115.9) | 23.3 | +120.1% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (1.2) | (0.2) | 0.5 | 1.6 | (2.1) | 1.6 | +178.5% | |
| Operating cash flow | (5.6) | (5.3) | (7.4) | (7.9) | (10.3) | (5.1) | +50.0% | |
| Capital expenditure | 70.4 | 55.7 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | (0.2) | (1.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (70.6) | (55.9) | (220.4) | 6.1 | 2.3 | 6.0 | +161.4% | |
| Dividends paid | (14.3) | (26.0) | (34.3) | (40.5) | 0.0 | (0.6) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (2.0) | 0.0 | +100.0% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 134.3 | 72.4 | 112.9 | 8.5 | (2.0) | (0.6) | +68.9% | |
| Free cash flow | 64.8 | 50.4 | (7.4) | (7.9) | (10.3) | (5.1) | +50.0% | |
| Net change in cash | 58.1 | 11.2 | (114.8) | 6.7 | (10.0) | 0.2 | +101.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
