| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 19.9 | 32.9 | 40.4 | 46.9 | 74.6 | 51.3 | −31.3% | |
| Depreciation & amortization | 2.7 | 2.6 | 2.5 | 2.4 | 2.6 | 3.1 | +17.6% | |
| Stock-based compensation | 1.0 | 2.6 | 4.2 | 5.7 | 5.0 | 0.8 | −85.1% | |
| Change in working capital | 11.0 | 14.4 | (8.7) | 2.5 | 11.5 | 5.2 | −54.6% | |
| Operating cash flow | 31.2 | 52.0 | 38.2 | 57.0 | 75.0 | 61.0 | −18.6% | |
| Capital expenditure | (0.6) | (0.6) | (1.4) | (1.3) | (10.1) | (1.8) | +82.0% | |
| Acquisitions | (16.7) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (17.3) | (0.6) | (1.4) | (4.4) | (10.1) | (5.9) | +41.3% | |
| Dividends paid | (48.6) | (4.8) | (30.7) | (36.6) | (42.8) | (48.6) | −13.5% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (25.2) | — | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | (0.6) | 0.0 | +100.0% | |
| Financing cash flow | (40.6) | (5.0) | (30.9) | (36.8) | (40.7) | (69.6) | −71.1% | |
| Free cash flow | 30.6 | 51.4 | 36.8 | 55.7 | 64.9 | 59.2 | −8.7% | |
| Net change in cash | (26.6) | 46.4 | 5.9 | 15.8 | 24.2 | (14.4) | −159.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
