| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (20.1) | (5.4) | (3.5) | (2.7) | (8.5) | (10.3) | −21.2% | |
| Depreciation & amortization | 10.5 | 11.7 | 11.7 | 13.3 | 14.9 | 15.0 | +0.6% | |
| Stock-based compensation | 0.7 | 1.1 | 1.5 | 0.8 | 0.0 | 0.0 | — | |
| Change in working capital | (3.0) | 4.3 | (2.2) | 3.1 | 6.6 | (0.4) | −106.7% | |
| Operating cash flow | (5.8) | 11.7 | 10.9 | 17.9 | 19.3 | 12.9 | −33.3% | |
| Capital expenditure | (8.5) | (7.8) | (19.9) | (18.6) | (15.4) | (12.6) | +18.2% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | (1.3) | 0.0 | 0.0 | — | |
| Investing cash flow | (8.5) | (7.8) | (19.9) | (14.2) | (16.1) | (13.0) | +19.3% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (5.1) | 3.5 | 6.3 | 4.0 | 2.0 | 2.0 | +0.0% | |
| Financing cash flow | 10.4 | (0.0) | 8.5 | (0.8) | (2.3) | (1.4) | +39.4% | |
| Free cash flow | (14.3) | 3.9 | (9.0) | (0.7) | 3.9 | 0.3 | −93.5% | |
| Net change in cash | (3.9) | 3.9 | (0.5) | 2.9 | 3.2 | (1.5) | −145.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
