| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 20.7 | 30.3 | 26.4 | 40.4 | 55.8 | 56.6 | +1.4% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.5 | 1.4 | 2.4 | 2.8 | +18.1% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 2.9 | 0.3 | 5.2 | (5.8) | (6.2) | 12.1 | +294.2% | |
| Operating cash flow | 24.2 | 7.6 | 68.4 | 102.8 | 84.6 | 45.8 | −45.8% | |
| Capital expenditure | 0.0 | 0.0 | (0.3) | (0.1) | (0.2) | (0.6) | −262.2% | |
| Acquisitions | 0.0 | 0.0 | 2.7 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (2.6) | (21.6) | (9.8) | (0.1) | (0.2) | (14.8) | −9383.3% | |
| Dividends paid | (29.0) | (28.2) | (28.9) | (31.7) | (24.9) | (32.8) | −31.8% | |
| Share buybacks | (34.8) | 0.0 | (4.8) | 0.0 | (22.9) | (6.6) | +71.0% | |
| Debt issued / repaid | 70.6 | (7.4) | (5.7) | (55.4) | (21.6) | 10.8 | +149.9% | |
| Financing cash flow | (11.4) | (35.6) | (48.2) | (106.2) | (93.0) | (30.3) | +67.4% | |
| Free cash flow | 24.2 | 7.6 | 68.1 | 102.7 | 84.4 | 45.2 | −46.4% | |
| Net change in cash | 47.4 | (49.6) | 10.4 | (3.6) | (8.6) | 0.7 | +108.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
