| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (29.6) | (27.7) | (46.7) | (101.2) | (27.2) | (54.5) | −100.3% | |
| Depreciation & amortization | 2.6 | 2.6 | 3.2 | 3.9 | 5.9 | 7.4 | +24.5% | |
| Stock-based compensation | 1.0 | 0.6 | 1.1 | 1.2 | 0.1 | 1.0 | +965.2% | |
| Change in working capital | 7.8 | 1.9 | 2.6 | 22.1 | (19.6) | 27.2 | +238.3% | |
| Operating cash flow | (12.0) | (20.1) | (37.9) | (68.0) | (50.6) | (20.0) | +60.4% | |
| Capital expenditure | (10.7) | (12.0) | (11.2) | (15.1) | (14.5) | (12.9) | +10.9% | |
| Acquisitions | 0.0 | 0.0 | (0.5) | (0.5) | 1.5 | 0.1 | −91.2% | |
| Investing cash flow | (11.2) | (12.5) | (15.4) | (10.9) | (0.8) | (2.7) | −233.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | (0.2) | (0.1) | (0.5) | (1.1) | 0.0 | +100.0% | |
| Financing cash flow | 57.8 | 168.7 | 243.1 | (0.1) | (0.9) | (0.7) | +25.1% | |
| Free cash flow | (22.6) | (32.0) | (49.0) | (83.1) | (65.1) | (32.9) | +49.4% | |
| Net change in cash | 34.1 | 136.1 | 189.1 | (83.3) | (52.2) | (23.3) | +55.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
