| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (3.9) | (22.2) | (66.3) | (29.4) | (36.9) | (36.7) | +0.6% | |
| Depreciation & amortization | 24.5 | 25.2 | 26.3 | 24.7 | 26.7 | 24.2 | −9.5% | |
| Stock-based compensation | 0.3 | 1.7 | 0.3 | 2.6 | 3.2 | 3.6 | +12.6% | |
| Change in working capital | 0.6 | 0.1 | (18.4) | 10.9 | (3.8) | 6.1 | +263.2% | |
| Operating cash flow | 33.3 | 15.4 | 5.9 | 5.9 | (2.9) | 3.7 | +229.5% | |
| Capital expenditure | (10.4) | (18.4) | (17.9) | (18.1) | (14.8) | (8.4) | +43.7% | |
| Acquisitions | (1.4) | (1.7) | 7.2 | (0.4) | (0.3) | (0.2) | +41.2% | |
| Investing cash flow | (11.8) | (18.3) | (10.7) | (18.0) | (10.2) | (8.4) | +17.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (4.6) | (6.1) | 9.6 | (18.4) | 15.4 | 21.4 | +38.5% | |
| Financing cash flow | (5.6) | (11.2) | 4.7 | 6.6 | 12.2 | 15.8 | +30.1% | |
| Free cash flow | 22.9 | (3.0) | (12.0) | (12.2) | (17.7) | (4.6) | +73.9% | |
| Net change in cash | 15.9 | (13.9) | 0.8 | (6.0) | (1.0) | 11.0 | +1248.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
