| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 11.4 | 22.6 | 10.1 | 10.4 | 7.6 | 1.4 | −81.3% | |
| Depreciation & amortization | 6.3 | 5.7 | 5.3 | 5.7 | 5.5 | 5.7 | +3.1% | |
| Stock-based compensation | 0.8 | 0.5 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (16.8) | 4.1 | (5.2) | (16.8) | 4.2 | 11.1 | +162.1% | |
| Operating cash flow | 28.6 | 40.2 | 16.3 | (1.2) | 20.8 | 22.3 | +7.2% | |
| Capital expenditure | (0.6) | (0.5) | (3.5) | (1.1) | (3.6) | (3.6) | +0.1% | |
| Acquisitions | (1.5) | 0.0 | 0.0 | 1.2 | 0.0 | 0.0 | — | |
| Investing cash flow | 3.3 | (29.5) | (9.2) | 13.4 | (0.2) | 9.2 | +4099.4% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (21.6) | (6.0) | (3.9) | (10.7) | (4.0) | (18.2) | −358.5% | |
| Financing cash flow | (30.9) | (11.8) | (8.4) | (16.6) | (9.5) | (24.3) | −154.5% | |
| Free cash flow | 28.0 | 39.7 | 12.8 | (2.3) | 17.3 | 18.8 | +8.7% | |
| Net change in cash | 1.3 | 5.5 | (1.2) | (4.4) | 8.4 | 7.3 | −13.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
