| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 40.2 | 127.6 | 48.3 | (8.4) | (10.9) | (61.0) | −462.3% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (2.9) | 0.8 | (0.5) | (1.0) | (3.8) | 1.8 | +146.5% | |
| Operating cash flow | 33.2 | 58.1 | 46.4 | 51.5 | 64.2 | 80.2 | +24.8% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (19.5) | 6.9 | (26.1) | 0.0 | 0.0 | 0.0 | — | |
| Dividends paid | (38.1) | (39.8) | (42.4) | (47.4) | (49.2) | (48.5) | +1.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (11.2) | (0.3) | +97.0% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (47.6) | (49.3) | (51.9) | (56.9) | (69.9) | (58.3) | +16.5% | |
| Free cash flow | 33.2 | 58.1 | 46.4 | 51.5 | 64.2 | 80.2 | +24.8% | |
| Net change in cash | (14.3) | 8.8 | (5.3) | (5.5) | (5.6) | 21.9 | +488.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
