| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 45.5 | 51.1 | 44.0 | 49.9 | 107.7 | 51.3 | −52.4% | |
| Depreciation & amortization | 2.6 | 3.1 | 3.0 | 2.5 | 2.2 | 2.9 | +31.8% | |
| Stock-based compensation | 1.8 | 1.9 | 2.0 | 2.1 | 2.3 | 2.7 | +17.4% | |
| Change in working capital | 185.9 | (142.5) | 190.9 | (43.3) | 185.4 | 234.9 | +26.7% | |
| Operating cash flow | 228.7 | (56.2) | 236.3 | 7.2 | 277.2 | 340.5 | +22.8% | |
| Capital expenditure | (0.9) | (0.7) | (0.4) | (0.7) | (0.9) | (4.6) | −411.1% | |
| Acquisitions | 0.0 | (7.9) | (4.8) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (2.3) | (9.4) | 0.4 | (14.4) | 29.4 | (28.4) | −196.6% | |
| Dividends paid | (26.2) | (28.5) | (33.7) | (33.7) | (33.7) | (34.7) | −3.0% | |
| Share buybacks | (0.8) | (1.0) | (1.3) | (1.5) | (0.8) | (2.8) | −250.0% | |
| Debt issued / repaid | 0.0 | (2.3) | (2.4) | (1.9) | (0.8) | 0.0 | +100.0% | |
| Financing cash flow | (29.2) | (31.7) | (37.9) | (37.1) | (36.8) | (39.9) | −8.4% | |
| Free cash flow | 227.9 | (56.9) | 235.9 | 6.5 | 276.3 | 335.9 | +21.6% | |
| Net change in cash | 197.2 | (97.5) | 199.2 | (44.5) | 269.8 | (0.2) | −100.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
