| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (14.4) | (3.7) | (7.2) | (6.7) | (3.4) | (2.7) | +18.6% | |
| Depreciation & amortization | 2.8 | 4.0 | 4.7 | 5.6 | 5.5 | 6.0 | +8.2% | |
| Stock-based compensation | 0.0 | 0.8 | 0.8 | 0.1 | 0.4 | 0.6 | +41.4% | |
| Change in working capital | 3.2 | (0.4) | (1.1) | 1.5 | (1.7) | 2.5 | +243.6% | |
| Operating cash flow | 0.6 | 3.3 | 1.9 | 2.1 | 2.3 | 6.1 | +162.5% | |
| Capital expenditure | (5.2) | (5.1) | (8.9) | (6.8) | (4.3) | (1.6) | +62.2% | |
| Acquisitions | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (5.6) | (5.0) | (8.9) | (6.8) | (4.3) | (1.6) | +62.2% | |
| 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 | 5.7 | (1.3) | (0.4) | (1.1) | (11.4) | 0.0 | +100.0% | |
| Financing cash flow | 4.0 | 20.6 | (3.3) | (2.7) | 5.9 | (2.3) | −138.6% | |
| Free cash flow | (4.6) | (1.8) | (7.0) | (4.8) | (2.0) | 4.4 | +321.1% | |
| Net change in cash | (0.9) | 18.8 | (10.3) | (7.5) | 3.9 | 2.1 | −45.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
