| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 2.4 | 54.8 | 26.8 | 22.2 | 31.0 | 14.4 | −53.5% | |
| Depreciation & amortization | 30.4 | 29.7 | 42.3 | 43.3 | 41.5 | 38.9 | −6.3% | |
| Stock-based compensation | 5.0 | 3.8 | 1.2 | 2.8 | 5.9 | 1.0 | −83.1% | |
| Change in working capital | (25.7) | (17.9) | (29.2) | 12.2 | 0.7 | (12.5) | −1885.7% | |
| Operating cash flow | 12.4 | 65.5 | 85.3 | 77.7 | 76.8 | 38.9 | −49.3% | |
| Capital expenditure | (14.8) | (21.9) | (30.2) | (20.8) | (9.2) | (16.0) | −73.9% | |
| Acquisitions | 11.5 | 14.9 | (84.8) | (3.0) | (2.6) | 0.8 | +130.8% | |
| Investing cash flow | (3.3) | (7.0) | (114.9) | (18.2) | (9.8) | (15.7) | −60.2% | |
| Dividends paid | 0.0 | (17.9) | (38.7) | (31.6) | (21.0) | (19.2) | +8.6% | |
| Share buybacks | (2.7) | (3.6) | (1.1) | (0.3) | (1.4) | (0.9) | +35.7% | |
| Debt issued / repaid | 57.9 | (88.6) | (86.2) | (39.6) | (55.0) | (10.0) | +81.8% | |
| Financing cash flow | 41.4 | (120.9) | 44.3 | (81.1) | (82.7) | (37.0) | +55.3% | |
| Free cash flow | (2.4) | 43.6 | 55.2 | 56.9 | 67.6 | 22.9 | −66.1% | |
| Net change in cash | 50.4 | (62.5) | 15.1 | (21.8) | (15.6) | (14.0) | +10.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
