| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Depreciation & amortization | 4.9 | 3.9 | 4.3 | 4.1 | 3.2 | 2.6 | −19.4% | |
| Change in working capital | 5.4 | (0.4) | 1.6 | (1.7) | (1.7) | (0.6) | +64.4% | |
| Operating cash flow | 4.9 | 7.8 | 4.5 | 2.7 | 0.7 | 0.3 | −51.2% | |
| Capital expenditure | (0.1) | (0.5) | (1.6) | (0.3) | (0.3) | (0.3) | −16.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Free cash flow | 4.8 | 7.2 | 2.8 | 2.4 | 0.4 | (0.0) | −104.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.