| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (4.9) | (69.2) | 1.6 | 53.9 | 39.5 | (15.3) | −138.8% | |
| Depreciation & amortization | 28.0 | 28.8 | 37.2 | 36.6 | 34.1 | 26.4 | −22.4% | |
| Stock-based compensation | 3.6 | 9.5 | 6.7 | 11.5 | 0.0 | 0.0 | — | |
| Change in working capital | 6.6 | 0.2 | (24.4) | (10.7) | (7.0) | 43.8 | +729.3% | |
| Operating cash flow | 64.5 | 78.4 | 73.2 | 76.4 | 69.4 | 46.5 | −32.9% | |
| Capital expenditure | (4.1) | (5.8) | (7.0) | (7.1) | (2.2) | (1.8) | +20.1% | |
| Acquisitions | (23.6) | (28.1) | (70.3) | (18.0) | (7.8) | 0.4 | +105.0% | |
| Investing cash flow | (27.8) | (32.2) | (67.6) | (24.0) | (12.9) | (6.6) | +48.7% | |
| Dividends paid | 0.0 | (9.8) | (12.7) | (14.8) | (15.5) | (15.5) | −0.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (4.5) | (5.3) | 0.0 | +100.0% | |
| Debt issued / repaid | (24.9) | 9.6 | (1.5) | 23.7 | 21.2 | (5.1) | −124.2% | |
| Financing cash flow | (38.2) | (14.8) | (19.4) | (55.1) | (71.8) | (44.7) | +37.7% | |
| Free cash flow | 60.3 | 72.6 | 66.2 | 69.3 | 67.2 | 44.8 | −33.4% | |
| Net change in cash | (1.8) | 31.4 | (10.9) | (4.4) | (15.3) | (1.1) | +92.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
