| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Depreciation & amortization | 2.2 | 1.7 | 0.2 | 0.2 | 0.2 | 0.5 | +243.0% | |
| Change in working capital | (0.1) | 1.7 | (4.2) | 3.7 | 1.0 | 1.4 | +43.8% | |
| Operating cash flow | 3.2 | 4.1 | (4.7) | 1.8 | (2.0) | (0.7) | +64.1% | |
| Capital expenditure | (2.5) | (2.8) | (0.1) | (0.1) | (0.1) | (0.2) | −129.5% | |
| Dividends paid | 0.0 | (0.5) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Free cash flow | 1.3 | 2.2 | (4.7) | 1.7 | (2.1) | (0.8) | +61.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.