| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (1.2) | 4.5 | 4.8 | 30.9 | 33.5 | 35.9 | +7.2% | |
| Depreciation & amortization | 0.6 | 0.7 | 0.6 | 1.5 | 2.5 | 2.9 | +13.9% | |
| Stock-based compensation | 0.3 | 0.2 | 0.3 | 1.3 | 4.0 | 2.1 | −47.3% | |
| Change in working capital | 9.8 | (19.3) | (17.3) | (28.4) | 32.4 | (6.7) | −120.7% | |
| Operating cash flow | 12.1 | (0.8) | 14.7 | 16.1 | 72.1 | 36.3 | −49.6% | |
| Capital expenditure | (0.9) | (2.6) | (0.2) | (1.5) | (9.7) | (6.6) | +31.9% | |
| Acquisitions | 0.0 | 0.0 | (0.2) | 0.0 | 0.0 | (2.2) | — | |
| Investing cash flow | (2.6) | (3.7) | (2.6) | (1.5) | (9.7) | (8.8) | +9.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | (1.0) | (9.4) | (10.6) | −12.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (4.0) | 0.0 | +100.0% | |
| Debt issued / repaid | (0.2) | (0.1) | (0.1) | 0.4 | 4.6 | 5.3 | +16.3% | |
| Financing cash flow | (0.1) | (0.2) | (0.2) | (1.1) | (9.7) | (6.8) | +29.6% | |
| Free cash flow | 11.2 | (3.4) | 14.5 | 14.6 | 62.4 | 29.7 | −52.4% | |
| Net change in cash | 9.4 | (4.7) | 11.9 | 13.5 | 52.7 | 20.7 | −60.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
