| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 39.7 | 37.1 | 17.7 | 36.4 | 61.0 | 46.4 | −23.9% | |
| Depreciation & amortization | 58.4 | 71.0 | 87.7 | 77.5 | 78.5 | 77.2 | −1.7% | |
| Stock-based compensation | 2.1 | 2.7 | (0.7) | 1.9 | 2.0 | 0.0 | −100.0% | |
| Change in working capital | (2.7) | (9.5) | (28.9) | 54.3 | (0.8) | (22.2) | −2675.0% | |
| Operating cash flow | 95.9 | 88.3 | 60.7 | 166.9 | 124.5 | 70.1 | −43.7% | |
| Capital expenditure | (95.5) | (57.4) | (56.8) | (59.6) | (74.6) | (88.8) | −19.0% | |
| Acquisitions | 0.1 | (41.4) | (82.7) | (0.4) | (1.1) | 30.3 | +2854.5% | |
| Investing cash flow | (91.1) | (98.8) | (139.1) | (54.8) | (62.3) | (16.5) | +73.5% | |
| Dividends paid | (18.3) | (22.3) | (25.5) | (28.3) | (29.2) | (31.5) | −7.9% | |
| Share buybacks | 0.0 | (2.3) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 43.7 | (12.8) | 67.2 | (41.5) | (21.0) | 33.9 | +261.4% | |
| Financing cash flow | 9.9 | 27.8 | 24.8 | (71.4) | (72.6) | (18.0) | +75.2% | |
| Free cash flow | 0.4 | 30.9 | 3.9 | 107.3 | 49.9 | (18.7) | −137.5% | |
| Net change in cash | 13.3 | 17.5 | (52.9) | 39.5 | (14.8) | 38.6 | +360.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
