| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 10.5 | 4.2 | (19.2) | (27.0) | (13.3) | 2.2 | +116.5% | |
| Depreciation & amortization | 7.5 | 7.1 | 9.5 | 8.4 | 5.2 | 4.1 | −20.2% | |
| Stock-based compensation | 0.7 | (0.1) | 0.0 | (0.4) | 0.6 | 0.0 | −100.0% | |
| Change in working capital | 11.0 | (5.3) | (8.8) | (9.5) | 1.3 | (11.6) | −1012.8% | |
| Operating cash flow | 21.1 | 4.6 | (20.8) | (10.5) | 8.4 | 2.1 | −75.1% | |
| Capital expenditure | (8.5) | (8.0) | (5.2) | (1.1) | (4.8) | (1.0) | +79.6% | |
| Acquisitions | 2.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (4.0) | (12.6) | 0.9 | 20.9 | (4.7) | (9.7) | −106.2% | |
| Dividends paid | 0.0 | (3.9) | (2.5) | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (14.5) | 11.1 | 29.0 | 2.8 | 2.0 | 0.3 | −82.8% | |
| Financing cash flow | (15.3) | 6.0 | 20.3 | (4.1) | (8.0) | 10.2 | +227.4% | |
| Free cash flow | 12.6 | (3.4) | (26.0) | (11.6) | 3.6 | 1.1 | −69.0% | |
| Net change in cash | 1.9 | (2.0) | 0.4 | 6.2 | (4.2) | (2.0) | +51.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
