| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 119.3 | 106.8 | (63.9) | (249.8) | (52.5) | (24.1) | +54.1% | |
| Depreciation & amortization | 0.7 | 1.1 | 0.6 | 0.8 | 1.0 | 0.8 | −20.0% | |
| Stock-based compensation | (0.2) | (0.3) | 0.2 | 0.5 | 0.6 | 0.3 | −50.0% | |
| Change in working capital | 2.1 | (2.4) | 1.6 | 3.8 | 1.8 | 1.5 | −16.7% | |
| Operating cash flow | 44.3 | 44.2 | 43.0 | 45.9 | 29.5 | 14.6 | −50.5% | |
| Capital expenditure | (20.0) | (37.3) | (58.4) | (1.1) | (22.7) | (0.1) | +99.6% | |
| Acquisitions | (1.4) | 0.5 | 87.6 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (92.4) | (165.5) | (81.3) | (32.3) | 41.1 | 114.2 | +177.9% | |
| Dividends paid | (30.1) | (30.8) | (32.4) | (31.6) | (31.6) | (15.9) | +49.7% | |
| Share buybacks | 0.0 | 0.0 | (25.8) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 54.2 | 89.5 | 44.7 | (23.5) | (46.7) | (125.3) | −168.3% | |
| Financing cash flow | 21.6 | 57.3 | (14.6) | (56.2) | (79.8) | (142.9) | −79.1% | |
| Free cash flow | 24.3 | 6.9 | (15.4) | 44.8 | 6.8 | 14.5 | +113.2% | |
| Net change in cash | (23.7) | (68.3) | (53.5) | (43.3) | (10.1) | (11.1) | −9.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
