| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 36.5 | 62.6 | 127.4 | 70.7 | 80.7 | 41.5 | −48.6% | |
| Depreciation & amortization | 8.8 | 15.0 | 18.3 | 18.7 | 36.2 | 64.9 | +79.3% | |
| Stock-based compensation | 0.0 | 2.9 | 0.4 | 4.5 | 38.6 | 64.8 | +67.9% | |
| Change in working capital | 9.2 | (12.4) | (39.5) | 50.4 | (74.6) | 10.5 | +114.1% | |
| Operating cash flow | 23.6 | 4.7 | 33.9 | 95.0 | 10.8 | 150.3 | +1291.7% | |
| Capital expenditure | (3.2) | (6.3) | (22.6) | (4.0) | (2.9) | (32.3) | −1013.8% | |
| Acquisitions | (84.4) | 0.0 | 1.2 | 0.0 | (162.8) | (0.6) | +99.6% | |
| Investing cash flow | (40.2) | (191.1) | (57.3) | (320.0) | (928.9) | (616.7) | +33.6% | |
| Dividends paid | 0.0 | (30.0) | (62.8) | (68.0) | (80.1) | (78.1) | +2.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (60.2) | (9.8) | (4.1) | +58.2% | |
| Debt issued / repaid | (4.4) | (29.7) | (15.3) | (258.5) | 116.8 | (1,050.5) | −999.4% | |
| Financing cash flow | 158.7 | 365.1 | (86.6) | 325.6 | 766.4 | 635.3 | −17.1% | |
| Free cash flow | 20.4 | (1.6) | 11.3 | 91.0 | 7.9 | 118.0 | +1393.7% | |
| Net change in cash | 145.0 | 170.2 | (106.7) | 94.2 | (164.7) | 175.9 | +206.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
