| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 267.4 | 300.7 | (243.4) | (40.6) | (0.8) | 120.3 | +15137.5% | |
| Depreciation & amortization | 0.7 | 0.8 | 0.7 | 0.4 | 0.3 | 0.5 | +66.7% | |
| Stock-based compensation | 1.5 | 3.7 | 4.4 | 4.5 | 4.9 | 0.0 | −100.0% | |
| Change in working capital | 4.4 | 4.9 | (3.7) | 2.9 | 4.8 | (2.1) | −143.8% | |
| Operating cash flow | (7.0) | (28.1) | (24.8) | (22.0) | 33.9 | 10.5 | −69.0% | |
| Capital expenditure | (0.1) | (0.1) | 0.0 | 0.0 | (0.4) | (0.2) | +50.0% | |
| Acquisitions | (0.7) | 0.0 | 0.0 | 12.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 77.6 | (185.0) | (90.1) | 12.0 | (0.4) | (0.2) | +50.0% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (2.3) | (8.0) | (0.6) | 0.0 | (19.0) | (38.0) | −100.0% | |
| Debt issued / repaid | (45.4) | 29.6 | 59.6 | (0.3) | 29.7 | (0.4) | −101.3% | |
| Financing cash flow | 60.1 | 128.1 | 51.1 | 44.3 | (1.7) | (47.6) | −2700.0% | |
| Free cash flow | (7.2) | (28.2) | (24.8) | (22.0) | 33.5 | 10.3 | −69.3% | |
| Net change in cash | 126.5 | (82.6) | (55.2) | 34.1 | 32.0 | (37.3) | −216.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
