| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (28.0) | 31.8 | 86.9 | 21.1 | 15.1 | 3.1 | −79.6% | |
| Depreciation & amortization | 37.0 | 38.5 | 38.9 | 41.6 | 40.6 | 42.0 | +3.5% | |
| Stock-based compensation | 0.5 | 0.9 | 2.5 | 2.3 | 1.3 | 0.5 | −61.4% | |
| Change in working capital | 19.9 | 3.3 | (2.0) | (31.6) | (16.0) | (9.9) | +38.0% | |
| Operating cash flow | 44.6 | 86.5 | 122.0 | 58.3 | 53.7 | 39.7 | −26.0% | |
| Capital expenditure | (24.1) | (31.4) | (63.9) | (68.1) | (45.2) | (44.8) | +1.0% | |
| Acquisitions | 4.0 | 3.3 | 6.9 | (2.8) | 0.2 | 34.3 | +19982.5% | |
| Investing cash flow | (20.1) | (28.0) | (57.0) | (68.5) | (44.5) | (12.3) | +72.3% | |
| Dividends paid | 0.0 | (16.8) | (33.7) | (34.9) | (20.0) | (15.8) | +21.2% | |
| Share buybacks | (1.0) | (1.3) | (30.0) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (21.8) | 2.4 | (8.0) | 25.0 | 6.0 | 11.0 | +83.3% | |
| Financing cash flow | (23.9) | (16.8) | (72.0) | (20.1) | (23.7) | (15.8) | +33.2% | |
| Free cash flow | 20.5 | 55.1 | 58.1 | (9.8) | 8.4 | (5.1) | −160.1% | |
| Net change in cash | 0.1 | 41.6 | (6.9) | (30.4) | (14.6) | 11.7 | +180.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
