| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (22.2) | (5.5) | (7.7) | (7.1) | (5.7) | (6.4) | −11.4% | |
| Depreciation & amortization | 1.2 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | −27.2% | |
| Stock-based compensation | (0.4) | 0.1 | 0.1 | 0.0 | 0.3 | 0.2 | −39.9% | |
| Change in working capital | (1.6) | (0.6) | 0.5 | (0.0) | (3.7) | 1.7 | +144.9% | |
| Operating cash flow | (9.3) | (6.0) | (7.0) | (6.8) | (12.3) | (5.4) | +56.0% | |
| Capital expenditure | (0.2) | (0.3) | (0.1) | (0.3) | (0.8) | (0.0) | +99.7% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 2.6 | (0.3) | (0.2) | (0.3) | (0.6) | (0.7) | −10.1% | |
| 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 | (6.2) | (0.2) | (0.2) | (0.2) | 0.2 | (0.7) | −384.1% | |
| Financing cash flow | 3.1 | 8.8 | 0.0 | 10.2 | 8.6 | 12.8 | +49.2% | |
| Free cash flow | (9.5) | (6.3) | (7.1) | (7.1) | (13.0) | (5.4) | +58.6% | |
| Net change in cash | (3.4) | 2.5 | (7.2) | 3.1 | (4.3) | 7.0 | +262.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
