| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (18.8) | 2.5 | 6.6 | (7.2) | (126.6) | (22.3) | +82.4% | |
| Depreciation & amortization | 0.3 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | −45.3% | |
| Stock-based compensation | 0.8 | 0.0 | 1.0 | 0.2 | 0.0 | 0.0 | — | |
| Change in working capital | (0.1) | (0.3) | (2.0) | 0.4 | 1.7 | 1.0 | −38.7% | |
| Operating cash flow | (1.8) | (1.6) | (3.9) | (1.5) | (3.5) | (3.1) | +11.4% | |
| Capital expenditure | (1.3) | (1.4) | (1.9) | (2.3) | (4.6) | (3.2) | +30.7% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 9.2 | 0.0 | −100.0% | |
| Investing cash flow | (1.3) | (1.2) | (6.2) | (2.9) | 3.8 | (3.6) | −195.1% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | 0.0 | 7.2 | 4.4 | 4.5 | 0.0 | −100.0% | |
| Financing cash flow | 3.2 | 1.1 | 10.4 | 3.8 | 4.3 | (0.0) | −101.0% | |
| Free cash flow | (3.1) | (3.0) | (5.8) | (3.8) | (8.1) | (6.3) | +22.4% | |
| Net change in cash | (0.1) | (1.6) | 0.9 | (0.8) | 4.9 | (7.9) | −261.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
