| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 27.7 | 59.2 | 39.3 | (3.5) | 16.7 | 9.6 | −42.5% | |
| Depreciation & amortization | 9.1 | 12.1 | 31.5 | 14.1 | 11.2 | 9.9 | −11.5% | |
| Stock-based compensation | 6.2 | 4.7 | 3.6 | 0.7 | 1.9 | 1.8 | −6.5% | |
| Change in working capital | 4.6 | (0.5) | (1.4) | 1.2 | (5.7) | (5.9) | −3.7% | |
| Operating cash flow | 43.6 | 12.1 | 43.4 | 28.2 | 20.6 | 14.6 | −29.2% | |
| Capital expenditure | (0.3) | (0.5) | (0.3) | (0.1) | (0.6) | (0.1) | +89.4% | |
| Acquisitions | (54.1) | 2.0 | 14.4 | 0.0 | 0.0 | (0.0) | — | |
| Investing cash flow | (53.2) | (2.5) | 11.3 | 2.8 | 3.3 | 2.0 | −39.1% | |
| Dividends paid | (21.1) | (35.2) | (46.1) | (46.2) | (46.0) | (35.8) | +22.3% | |
| Share buybacks | (0.8) | (5.0) | (7.1) | 0.0 | (5.1) | (5.1) | −0.6% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 41.1 | (42.1) | (54.5) | (47.7) | (52.4) | (41.9) | +20.0% | |
| Free cash flow | 43.4 | 11.6 | 43.2 | 28.1 | 20.0 | 14.5 | −27.4% | |
| Net change in cash | 31.6 | 49.0 | 0.2 | (16.7) | (28.4) | (25.3) | +11.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
