| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 39.8 | 30.1 | 10.1 | 18.1 | 48.6 | 37.9 | −21.9% | |
| Depreciation & amortization | 0.4 | 0.4 | 0.3 | 0.1 | 0.2 | 0.2 | −2.7% | |
| Stock-based compensation | 1.6 | 1.1 | 1.6 | 1.6 | 1.6 | 2.1 | +33.3% | |
| Change in working capital | (5.7) | (5.3) | 17.9 | 30.5 | 26.7 | 5.4 | −79.9% | |
| Operating cash flow | 50.7 | 33.3 | 19.4 | 25.3 | 22.1 | 43.8 | +98.6% | |
| Capital expenditure | (0.0) | (0.0) | (0.0) | (1.7) | 0.0 | (0.3) | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.0) | (0.0) | (0.0) | (1.7) | 0.0 | (7.2) | — | |
| Dividends paid | (43.9) | (38.4) | (30.1) | (6.5) | (24.3) | (36.3) | −49.2% | |
| Share buybacks | (0.4) | (1.9) | (1.1) | (0.6) | (1.5) | (6.1) | −313.5% | |
| Debt issued / repaid | (0.3) | (0.3) | (0.2) | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (44.6) | (40.6) | (31.5) | (7.1) | (25.8) | (42.5) | −64.4% | |
| Free cash flow | 50.7 | 33.3 | 19.4 | 23.7 | 22.1 | 43.6 | +97.4% | |
| Net change in cash | 6.1 | (7.3) | (12.1) | 16.6 | (3.8) | (5.8) | −55.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
