| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (13.6) | (3.7) | 9.8 | 3.2 | 19.1 | 19.6 | +3.0% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.7 | 0.9 | 0.9 | 1.2 | +32.2% | |
| Stock-based compensation | 0.3 | 0.4 | 0.5 | 0.9 | 1.0 | 1.3 | +27.3% | |
| Change in working capital | 1.1 | 15.5 | (1.6) | (54.8) | (13.0) | (0.4) | +97.1% | |
| Operating cash flow | (10.4) | (0.9) | 5.2 | (37.7) | 9.2 | 23.8 | +159.0% | |
| Capital expenditure | (0.3) | (0.8) | (1.2) | (0.4) | (1.0) | (3.6) | −256.7% | |
| Acquisitions | 153.2 | (93.1) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | 35.4 | (180.1) | (106.9) | 8.3 | 14.2 | (185.4) | −1409.1% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (0.1) | (0.1) | (5.1) | −3469.7% | |
| Debt issued / repaid | (163.7) | 0.0 | 0.0 | 9.9 | 0.0 | 3.7 | — | |
| Financing cash flow | (17.9) | 189.4 | 182.7 | 9.7 | (1.7) | 189.6 | +11471.9% | |
| Free cash flow | (10.7) | (1.8) | 3.9 | (38.2) | 8.2 | 20.2 | +146.8% | |
| Net change in cash | 7.1 | 8.4 | 81.6 | (19.8) | 21.7 | 23.8 | +9.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
