| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (36.4) | (35.4) | (19.3) | (8.4) | 2.5 | 7.4 | +196.0% | |
| Depreciation & amortization | 48.9 | 52.7 | 59.5 | 57.7 | 60.2 | 62.5 | +3.8% | |
| Stock-based compensation | 0.7 | 2.9 | 1.4 | 2.4 | 3.4 | 5.5 | +61.8% | |
| Change in working capital | (2.5) | 9.8 | (0.5) | 5.0 | 8.7 | 5.2 | −40.2% | |
| Operating cash flow | 13.5 | 37.1 | 63.1 | 79.5 | 95.1 | 97.9 | +2.9% | |
| Capital expenditure | (29.2) | (25.7) | (43.7) | (23.7) | (40.0) | (41.1) | −2.8% | |
| Acquisitions | 0.0 | 0.0 | (5.0) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (30.2) | (25.7) | (48.7) | (23.4) | (39.5) | (51.2) | −29.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (3.9) | (2.0) | +48.7% | |
| Debt issued / repaid | 1.0 | (6.0) | 25.0 | (12.0) | 2.0 | 0.7 | −65.0% | |
| Financing cash flow | 16.1 | (7.8) | (16.3) | (60.0) | (54.1) | (46.7) | +13.7% | |
| Free cash flow | (15.8) | 11.4 | 19.4 | 55.8 | 55.1 | 56.8 | +3.1% | |
| Net change in cash | 1.1 | 3.6 | (1.9) | (3.9) | 1.5 | 0.0 | −100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
