| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (3.8) | 12.4 | 15.3 | 26.8 | 22.3 | (22.6) | −201.2% | |
| Depreciation & amortization | 12.4 | 13.3 | 16.8 | 21.1 | 23.2 | 25.5 | +9.9% | |
| Stock-based compensation | 2.6 | 4.4 | 6.0 | 4.7 | (1.0) | 4.4 | +554.9% | |
| Change in working capital | 21.6 | (21.0) | (26.5) | 10.7 | (1.9) | 13.1 | +788.9% | |
| Operating cash flow | 37.9 | 9.5 | 21.1 | 63.8 | 35.3 | 43.4 | +22.9% | |
| Capital expenditure | (3.6) | (6.0) | (11.1) | (16.0) | (14.9) | (5.4) | +63.9% | |
| Acquisitions | (21.0) | (18.6) | (26.2) | (51.9) | (26.3) | (10.2) | +61.3% | |
| Investing cash flow | (21.5) | (22.4) | (33.4) | (67.4) | (40.0) | (21.6) | +45.9% | |
| Dividends paid | 0.0 | (5.6) | (10.9) | (15.0) | (17.1) | (9.6) | +44.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (0.6) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.4 | 18.6 | 22.2 | 16.5 | 43.8 | (0.2) | −100.4% | |
| Financing cash flow | (8.1) | 0.3 | 15.8 | 35.7 | (1.3) | (16.0) | −1127.1% | |
| Free cash flow | 34.3 | 3.6 | 10.0 | 47.8 | 20.4 | 38.0 | +86.3% | |
| Net change in cash | 12.3 | (12.2) | 9.3 | 31.1 | (6.7) | 4.8 | +172.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
