| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 21.1 | 41.9 | 13.4 | (32.5) | (0.3) | (8.4) | −2638.1% | |
| Depreciation & amortization | 9.4 | 8.7 | 8.4 | 6.9 | 6.9 | 7.1 | +3.4% | |
| Stock-based compensation | 0.0 | 0.5 | 0.2 | 1.1 | 0.0 | 0.0 | — | |
| Change in working capital | 2.1 | 10.3 | (31.6) | 8.5 | 22.3 | (8.0) | −135.8% | |
| Operating cash flow | 38.3 | 61.5 | (26.9) | (31.5) | 30.2 | (14.1) | −146.7% | |
| Capital expenditure | (0.3) | (0.2) | (0.7) | (0.6) | (0.1) | (0.1) | −7.5% | |
| Acquisitions | 0.1 | 0.0 | 12.2 | 15.5 | (1.7) | 9.1 | +639.4% | |
| Investing cash flow | 0.6 | (0.1) | 11.6 | 15.0 | 16.7 | 8.8 | −47.4% | |
| Dividends paid | (14.3) | (25.5) | (21.8) | (15.1) | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.4 | (27.9) | 11.6 | 0.0 | (15.1) | (3.4) | +77.2% | |
| Financing cash flow | (20.0) | (59.5) | (10.2) | (21.9) | (22.4) | (11.2) | +49.9% | |
| Free cash flow | 38.0 | 61.3 | (27.5) | (32.1) | 30.1 | (14.2) | −147.3% | |
| Net change in cash | 18.9 | 1.8 | (25.5) | (38.4) | 24.5 | (16.6) | −167.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
