| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (13.6) | 8.1 | 44.2 | 49.5 | 64.1 | 43.9 | −31.5% | |
| Depreciation & amortization | 50.7 | 49.1 | 46.0 | 46.3 | 48.5 | 53.5 | +10.3% | |
| Stock-based compensation | 0.8 | 0.8 | 1.7 | 2.1 | 2.3 | 2.3 | +0.0% | |
| Change in working capital | 33.4 | 28.5 | (6.8) | (6.1) | (22.1) | (0.3) | +98.6% | |
| Operating cash flow | 65.2 | 98.5 | 91.9 | 105.2 | 88.9 | 103.9 | +16.9% | |
| Capital expenditure | (7.5) | (6.9) | (18.2) | (27.8) | (18.4) | (11.7) | +36.4% | |
| Acquisitions | 0.5 | 0.0 | 0.0 | (2.2) | (22.5) | (25.7) | −14.2% | |
| Investing cash flow | (7.0) | (6.9) | (18.2) | (30.0) | (40.5) | (45.1) | −11.4% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | (19.8) | (17.2) | +13.1% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (5.0) | — | |
| Debt issued / repaid | (25.6) | (8.0) | (45.1) | (23.6) | 30.0 | 9.8 | −67.3% | |
| Financing cash flow | (47.7) | (65.8) | (102.1) | (73.2) | (42.9) | (57.5) | −34.0% | |
| Free cash flow | 57.7 | 91.6 | 73.7 | 77.4 | 70.5 | 92.2 | +30.8% | |
| Net change in cash | 7.0 | 25.8 | (26.6) | 1.2 | 5.4 | 2.3 | −57.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
