| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (48.5) | 1.6 | 3.8 | (11.0) | 4.1 | 6.7 | +63.4% | |
| Depreciation & amortization | 16.6 | 14.3 | 12.9 | 8.2 | 4.7 | 2.9 | −38.3% | |
| Stock-based compensation | 0.1 | 0.1 | 0.3 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 62.3 | (45.3) | (12.4) | 1.3 | 3.9 | (11.1) | −384.6% | |
| Operating cash flow | 56.8 | (24.8) | 3.4 | 12.5 | 16.6 | 0.4 | −97.6% | |
| Capital expenditure | (2.6) | (4.5) | (3.3) | (2.7) | (0.7) | (1.2) | −71.4% | |
| Acquisitions | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 3.7 | — | |
| Investing cash flow | (2.7) | (4.5) | (3.3) | (2.7) | (4.4) | (1.3) | +70.5% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | (0.4) | (5.5) | (4.4) | (6.5) | −47.7% | |
| Debt issued / repaid | (44.8) | (10.1) | (1.6) | (16.5) | (4.5) | 1.9 | +142.2% | |
| Financing cash flow | (48.2) | 32.7 | 1.1 | (27.5) | (15.6) | (5.3) | +66.0% | |
| Free cash flow | 54.2 | (29.3) | 0.1 | 9.8 | 15.9 | (0.8) | −105.0% | |
| Net change in cash | (12.3) | 5.3 | 1.2 | (17.7) | 1.3 | (6.2) | −576.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
