| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (2.3) | 14.0 | 5.3 | 6.4 | 8.2 | 5.0 | −39.4% | |
| Depreciation & amortization | 29.4 | 19.7 | 20.2 | 22.5 | 23.5 | 24.9 | +6.3% | |
| Stock-based compensation | 0.1 | 0.7 | 0.5 | (0.2) | 0.4 | 0.0 | −100.0% | |
| Change in working capital | (1.2) | 7.3 | (2.8) | (4.3) | 2.2 | (2.6) | −220.5% | |
| Operating cash flow | 30.1 | 49.2 | 29.2 | 25.2 | 33.5 | 29.5 | −11.8% | |
| Capital expenditure | (2.4) | (3.8) | (8.6) | (7.3) | (5.9) | (6.2) | −5.8% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (2.4) | (2.9) | (6.5) | (5.8) | (5.0) | (5.9) | −18.0% | |
| Dividends paid | 0.0 | 0.0 | (1.5) | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | (0.5) | 0.0 | 0.0 | (0.1) | — | |
| Debt issued / repaid | (3.1) | (7.5) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (22.6) | (38.1) | (29.4) | (27.2) | (25.5) | (24.4) | +4.4% | |
| Free cash flow | 27.7 | 45.3 | 20.6 | 17.9 | 27.6 | 23.3 | −15.5% | |
| Net change in cash | 5.4 | 8.0 | (6.1) | (8.6) | 2.5 | (0.5) | −120.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
