| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 31.5 | 22.6 | (20.0) | (9.2) | (9.4) | (11.3) | −20.2% | |
| Depreciation & amortization | 14.0 | 13.2 | 17.6 | 20.1 | 18.7 | 18.8 | +0.5% | |
| Stock-based compensation | 1.5 | 1.5 | 0.1 | 1.1 | 1.6 | 2.1 | +31.3% | |
| Change in working capital | (6.3) | (4.0) | (33.5) | 14.0 | 36.9 | 20.1 | −45.5% | |
| Operating cash flow | 44.3 | 35.5 | (7.5) | 57.5 | 55.4 | 38.0 | −31.4% | |
| Capital expenditure | (14.9) | (21.9) | (19.4) | (40.1) | (20.1) | (5.6) | +72.1% | |
| Acquisitions | 0.1 | 0.0 | (33.0) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (15.4) | (21.9) | (89.3) | (39.9) | (20.0) | (26.9) | −34.5% | |
| Dividends paid | (7.3) | (18.2) | (18.6) | (14.8) | 0.0 | (0.1) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (20.7) | 0.8 | 134.7 | (41.2) | (19.6) | (27.3) | −39.3% | |
| Financing cash flow | (26.2) | (18.7) | 103.3 | (27.0) | (33.5) | 10.2 | +130.4% | |
| Free cash flow | 29.4 | 13.6 | (26.9) | 17.4 | 35.3 | 32.4 | −8.2% | |
| Net change in cash | 2.7 | (4.9) | 13.3 | (10.1) | 1.9 | 19.9 | +947.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
