| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 21.4 | 43.5 | 83.1 | 94.2 | 17.1 | 21.2 | +23.9% | |
| Depreciation & amortization | 18.7 | 24.4 | 29.0 | 32.9 | 38.9 | 44.9 | +15.4% | |
| Stock-based compensation | 15.7 | 24.4 | 35.0 | 31.1 | 34.7 | 32.0 | −7.6% | |
| Change in working capital | (7.8) | (21.4) | (21.8) | (16.1) | (16.6) | (40.2) | −142.4% | |
| Operating cash flow | 40.2 | 87.7 | 120.7 | 124.5 | 54.4 | 52.8 | −3.0% | |
| Capital expenditure | (9.9) | (5.4) | (14.0) | (13.7) | (5.5) | (4.7) | +14.3% | |
| Acquisitions | (23.9) | (101.3) | (10.4) | (79.7) | (236.1) | (6.8) | +97.1% | |
| Investing cash flow | (29.7) | (106.4) | (23.9) | (110.9) | (290.3) | (9.9) | +96.6% | |
| 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 | (64.8) | — | |
| Debt issued / repaid | (10.2) | (11.3) | (12.1) | (11.4) | 133.2 | 29.9 | −77.6% | |
| Financing cash flow | 20.9 | (11.9) | (5.1) | (11.0) | 135.1 | (45.1) | −133.4% | |
| Free cash flow | 30.4 | 82.2 | 106.8 | 110.8 | 48.9 | 48.1 | −1.7% | |
| Net change in cash | 31.2 | (31.4) | 92.9 | 1.9 | (102.3) | (3.0) | +97.1% |
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.
