| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 1.3 | 0.3 | (1.2) | 1.7 | 1.3 | 1.0 | −22.7% | |
| Depreciation & amortization | 0.3 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | +24.0% | |
| Stock-based compensation | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Change in working capital | 14.9 | 10.8 | (41.3) | 6.6 | 18.4 | 18.8 | +2.5% | |
| Operating cash flow | 9.0 | 3.3 | 3.9 | (2.7) | 8.4 | (2.9) | −134.0% | |
| Capital expenditure | (0.1) | (0.1) | (0.1) | (0.1) | (0.2) | (0.1) | +46.2% | |
| Acquisitions | 0.0 | 0.2 | (0.2) | 0.0 | 0.3 | (1.0) | −383.9% | |
| Investing cash flow | (12.7) | (6.6) | 11.1 | (0.4) | 0.2 | (1.1) | −804.9% | |
| Dividends paid | (0.2) | (1.1) | (0.8) | (0.9) | (0.9) | (1.0) | −12.3% | |
| Share buybacks | (0.0) | (0.7) | (4.2) | (0.4) | (0.4) | (0.5) | −35.1% | |
| Debt issued / repaid | 0.0 | (2.0) | (0.4) | (0.2) | (0.8) | (0.4) | +51.1% | |
| Financing cash flow | (0.3) | (3.9) | (5.5) | (1.8) | (2.5) | (1.7) | +30.6% | |
| Free cash flow | 8.9 | 3.2 | 3.9 | (3.1) | 8.3 | (3.0) | −135.8% | |
| Net change in cash | (2.6) | (4.4) | 10.0 | (4.9) | 5.9 | (5.2) | −188.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
