| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 96.2 | 110.4 | 112.0 | 119.0 | 133.0 | — | — | |
| Depreciation & amortization | 4.9 | 4.5 | 6.1 | 6.6 | 10.5 | 12.6 | +20.2% | |
| Stock-based compensation | 2.3 | 2.5 | 3.3 | 3.6 | 0.0 | — | — | |
| Change in working capital | (12.7) | (34.0) | (15.7) | (9.4) | (4.8) | (11.7) | −143.4% | |
| Operating cash flow | 91.5 | 84.1 | 106.0 | 115.6 | 148.1 | 166.0 | +12.1% | |
| Capital expenditure | (6.5) | (5.2) | (3.2) | (1.1) | (11.8) | (6.6) | +44.0% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | (7.4) | — | — | |
| Investing cash flow | (6.5) | (5.2) | (3.2) | (1.4) | (23.4) | — | — | |
| Dividends paid | (60.8) | (84.0) | (74.2) | (50.9) | (95.7) | (92.5) | +3.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Debt issued / repaid | (2.1) | (2.4) | (2.8) | 0.0 | 0.0 | — | — | |
| Financing cash flow | (63.4) | (86.9) | (77.3) | (78.4) | (98.1) | — | — | |
| Free cash flow | 85.0 | 78.9 | 102.8 | 120.3 | 136.3 | 160.0 | +17.4% | |
| Net change in cash | 21.6 | (4.4) | 25.3 | 35.8 | 23.8 | — | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
