| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (25.1) | (0.8) | 12.5 | 5.3 | 8.1 | 11.2 | +38.3% | |
| Depreciation & amortization | 9.0 | 4.9 | 4.6 | 4.4 | 4.2 | 4.1 | −2.4% | |
| Stock-based compensation | 2.0 | 0.3 | 0.9 | 2.4 | 1.9 | 1.1 | −42.1% | |
| Change in working capital | (13.8) | (0.6) | (10.7) | (0.6) | 3.2 | (0.4) | −112.5% | |
| Operating cash flow | (23.9) | 1.4 | 6.7 | 11.6 | 17.2 | 15.8 | −8.1% | |
| Capital expenditure | (0.5) | (0.2) | (0.1) | (0.3) | (1.0) | (0.2) | +80.0% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.5) | (0.2) | (0.1) | (0.3) | (1.0) | (1.2) | −20.0% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | (4.2) | (5.0) | −19.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (21.3) | 0.0 | +100.0% | |
| Debt issued / repaid | (0.7) | (0.8) | (0.6) | (0.7) | (0.5) | 0.0 | +100.0% | |
| Financing cash flow | 4.3 | 4.1 | (0.5) | (10.5) | (25.1) | (5.5) | +78.1% | |
| Free cash flow | (24.4) | 1.2 | 6.6 | 11.3 | 16.2 | 15.6 | −3.7% | |
| Net change in cash | (19.6) | 5.2 | 6.8 | 0.5 | (9.0) | 9.0 | +200.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
