| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (10.8) | 27.8 | 39.8 | 45.2 | 61.5 | 79.5 | +29.3% | |
| Depreciation & amortization | 56.4 | 61.6 | 59.2 | 63.1 | 62.3 | 58.0 | −6.9% | |
| Stock-based compensation | 2.0 | 2.1 | 2.7 | 3.3 | 5.7 | 5.8 | +1.8% | |
| Change in working capital | (46.1) | 33.2 | 2.0 | 2.2 | (8.0) | 27.6 | +445.0% | |
| Operating cash flow | 2.5 | 102.7 | 92.9 | 99.0 | 112.0 | 165.6 | +47.9% | |
| Capital expenditure | (31.9) | (40.2) | (50.0) | (37.4) | (32.4) | (43.4) | −34.0% | |
| Acquisitions | 0.0 | 16.3 | 0.0 | 6.1 | 0.0 | 0.0 | — | |
| Investing cash flow | (31.6) | (17.6) | (50.0) | (31.3) | (31.7) | (43.4) | −36.9% | |
| Dividends paid | (16.7) | 0.0 | 0.0 | 0.0 | 0.0 | (8.9) | — | |
| Share buybacks | 0.0 | 0.0 | (11.8) | (30.1) | (60.5) | (19.8) | +67.3% | |
| Debt issued / repaid | 64.6 | (130.9) | (40.3) | (35.8) | (23.2) | (41.8) | −80.2% | |
| Financing cash flow | 34.6 | (58.1) | (69.4) | (81.5) | (98.7) | (85.5) | +13.4% | |
| Free cash flow | (29.4) | 62.5 | 42.9 | 61.6 | 79.6 | 122.2 | +53.5% | |
| Net change in cash | 5.4 | 26.6 | (26.9) | (13.9) | (18.4) | 24.5 | +233.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
