| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (13.3) | (24.6) | (22.1) | (10.6) | (3.1) | (2.9) | +9.1% | |
| Depreciation & amortization | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | +23.5% | |
| Stock-based compensation | 2.2 | 3.9 | 1.9 | 2.2 | 3.2 | 4.3 | +37.5% | |
| Change in working capital | 0.2 | (0.3) | (1.7) | (1.2) | (1.1) | (3.8) | −240.6% | |
| Operating cash flow | (10.4) | (19.6) | (21.7) | (8.8) | 4.0 | (1.6) | −139.4% | |
| Capital expenditure | (0.1) | (0.1) | (0.4) | (0.1) | (0.1) | (0.2) | −52.1% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.1) | (0.1) | (0.4) | (0.1) | (0.4) | (0.5) | −41.4% | |
| 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 | (0.2) | (1.5) | (0.2) | (0.2) | (0.1) | 0.0 | +100.0% | |
| Financing cash flow | 7.1 | 56.5 | (0.2) | (0.2) | 19.1 | (0.2) | −100.9% | |
| Free cash flow | (10.5) | (19.7) | (22.0) | (8.9) | 3.9 | (1.8) | −145.1% | |
| Net change in cash | (3.5) | 36.8 | (22.2) | (9.1) | 22.8 | (2.4) | −110.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
