| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 21.9 | 23.7 | 23.5 | (3.7) | 20.2 | 27.2 | +34.9% | |
| Depreciation & amortization | 6.4 | 9.4 | 20.7 | 27.7 | 26.6 | 29.9 | +12.2% | |
| Stock-based compensation | 0.8 | 0.6 | 0.5 | (0.5) | (0.7) | 0.4 | +159.1% | |
| Change in working capital | (4.9) | 0.5 | (2.6) | (0.2) | (9.3) | (7.9) | +15.0% | |
| Operating cash flow | 28.3 | 31.0 | 49.4 | 41.4 | 51.3 | 44.6 | −13.0% | |
| Capital expenditure | (0.3) | (0.6) | (0.7) | (0.5) | (0.3) | (0.5) | −44.0% | |
| Acquisitions | (0.8) | (15.1) | (82.4) | (8.7) | 0.0 | 0.0 | — | |
| Investing cash flow | (8.5) | (37.0) | (127.9) | (49.4) | (30.1) | (49.5) | −64.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (5.3) | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (0.1) | (0.3) | (2.6) | (0.5) | (0.6) | 0.0 | +100.0% | |
| Financing cash flow | (0.2) | (0.4) | 73.7 | (0.6) | (0.8) | (6.2) | −706.0% | |
| Free cash flow | 28.0 | 30.4 | 48.7 | 40.9 | 51.0 | 44.2 | −13.3% | |
| Net change in cash | 19.6 | (6.2) | (4.5) | (8.0) | 20.1 | (11.0) | −154.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
