| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 4.1 | 7.3 | 7.6 | 5.8 | 8.1 | 6.9 | −14.9% | |
| Depreciation & amortization | 3.5 | 4.8 | 6.6 | 7.4 | 8.5 | 8.1 | −4.6% | |
| Stock-based compensation | 0.0 | 0.7 | 1.3 | 0.5 | (0.5) | 0.3 | +172.3% | |
| Change in working capital | (1.7) | (2.9) | (3.4) | 0.7 | (1.2) | (1.7) | −43.1% | |
| Operating cash flow | 5.5 | 11.4 | 12.5 | 14.2 | 12.8 | 13.2 | +2.9% | |
| Capital expenditure | (5.7) | (5.3) | (8.4) | (8.5) | (6.8) | (0.4) | +94.2% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (5.7) | (5.3) | (8.4) | (8.5) | (6.8) | (4.9) | +27.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | (1.0) | (2.0) | (3.0) | −47.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (0.4) | (1.5) | (9.6) | −532.1% | |
| Debt issued / repaid | (1.1) | (1.4) | (1.7) | (1.6) | (1.7) | 0.0 | +100.0% | |
| Financing cash flow | (1.1) | (1.4) | (1.7) | (3.6) | (5.7) | (14.6) | −156.4% | |
| Free cash flow | (0.2) | 6.2 | 4.1 | 5.6 | 6.1 | 12.8 | +111.4% | |
| Net change in cash | (1.8) | 5.0 | 3.0 | 0.8 | 0.6 | (6.8) | −1316.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
