| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 51.6 | 55.6 | 31.0 | 15.4 | 35.5 | 22.6 | −36.3% | |
| Depreciation & amortization | 3.8 | 4.7 | 5.8 | 8.0 | 9.6 | 7.2 | −25.0% | |
| Stock-based compensation | 1.9 | 2.7 | 3.3 | 1.7 | 3.3 | 0.0 | −100.0% | |
| Change in working capital | (2.4) | (9.2) | (22.2) | (29.6) | 30.6 | 2.7 | −91.2% | |
| Operating cash flow | 38.1 | 46.8 | 8.5 | (3.8) | 70.2 | 33.6 | −52.1% | |
| Capital expenditure | (2.6) | (4.6) | (7.1) | (9.6) | (14.1) | (3.3) | +76.6% | |
| Acquisitions | (1.7) | 0.0 | (3.7) | 0.0 | 0.0 | 18.0 | — | |
| Investing cash flow | (3.8) | (4.3) | (10.0) | (9.6) | (10.8) | 13.1 | +221.3% | |
| Dividends paid | (17.8) | (18.4) | (68.8) | (19.1) | (19.6) | (20.7) | −5.6% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (100.5) | — | |
| Debt issued / repaid | (0.9) | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | (19.6) | (19.3) | (70.7) | (23.1) | (23.6) | (51.2) | −116.9% | |
| Free cash flow | 35.5 | 42.2 | 1.4 | (13.4) | 56.1 | 30.3 | −46.0% | |
| Net change in cash | 14.8 | 23.1 | (70.9) | (35.4) | 36.1 | (4.9) | −113.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
