| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 9.7 | 12.3 | 27.7 | 15.4 | 6.5 | 1.3 | −80.0% | |
| Depreciation & amortization | 5.5 | 9.7 | 13.1 | 15.9 | 20.2 | 20.1 | −0.4% | |
| Stock-based compensation | 0.3 | 1.6 | 1.6 | 1.3 | 1.2 | 0.0 | −100.0% | |
| Change in working capital | (4.4) | (7.7) | (1.3) | (3.1) | (7.0) | (8.0) | −13.3% | |
| Operating cash flow | 10.2 | 19.1 | 33.6 | 22.3 | 32.7 | 21.7 | −33.7% | |
| Capital expenditure | (5.7) | (6.8) | (10.2) | (6.5) | (4.4) | (1.7) | +61.4% | |
| Acquisitions | (0.3) | (47.3) | (12.4) | (42.6) | 3.1 | 2.4 | −24.3% | |
| Investing cash flow | (5.9) | (52.9) | (25.1) | (51.0) | (1.4) | 0.8 | +157.7% | |
| Dividends paid | (4.5) | (6.1) | (9.1) | (9.9) | (10.9) | (11.3) | −3.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | (1.1) | −2148.0% | |
| Debt issued / repaid | (9.2) | 8.7 | (7.6) | 46.1 | (2.5) | 11.4 | +556.1% | |
| Financing cash flow | (23.0) | 50.3 | (24.6) | 26.8 | (34.1) | (14.2) | +58.3% | |
| Free cash flow | 4.5 | 12.3 | 23.4 | 15.8 | 28.4 | 20.0 | −29.5% | |
| Net change in cash | (18.7) | 16.4 | (16.0) | (2.1) | (2.6) | 10.1 | +492.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
