| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 16.4 | 32.7 | 27.9 | 12.3 | 14.7 | 30.7 | +108.3% | |
| Depreciation & amortization | 6.6 | 7.1 | 14.7 | 16.4 | 19.0 | 22.6 | +19.4% | |
| Stock-based compensation | 0.2 | 0.3 | 0.4 | 0.3 | 0.3 | 0.0 | −100.0% | |
| Change in working capital | 42.9 | (20.7) | 12.6 | 2.3 | 0.1 | (10.9) | −17690.3% | |
| Operating cash flow | 45.2 | (4.6) | 31.5 | 30.4 | 29.3 | 38.2 | +30.4% | |
| Capital expenditure | (2.7) | (1.6) | (3.5) | (2.3) | (3.5) | (5.1) | −44.9% | |
| Acquisitions | 3.9 | 0.9 | 5.2 | (0.5) | (0.7) | 2.6 | +498.9% | |
| Investing cash flow | 5.8 | 1.6 | (3.8) | 7.5 | 5.2 | 13.6 | +162.2% | |
| Dividends paid | (2.3) | (2.4) | (2.8) | (7.9) | (12.0) | (12.6) | −4.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (20.0) | — | |
| Debt issued / repaid | (32.0) | 0.0 | 4.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (40.4) | (11.8) | (19.4) | (29.2) | (33.7) | (53.8) | −59.7% | |
| Free cash flow | 42.5 | (6.3) | 28.0 | 28.1 | 25.8 | 33.1 | +28.4% | |
| Net change in cash | 9.8 | (14.5) | 8.1 | 0.8 | 0.6 | (1.7) | −376.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
