| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 0.2 | 0.5 | 0.2 | 0.5 | 0.5 | 0.4 | −19.3% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | 1.0 | +22.9% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Change in working capital | 0.3 | (0.0) | (0.4) | (0.2) | (0.1) | (0.2) | −81.0% | |
| Operating cash flow | 1.1 | 1.3 | 1.1 | 1.1 | 1.2 | 1.4 | +11.4% | |
| Capital expenditure | (0.1) | (0.2) | (0.3) | (0.5) | (0.5) | (0.4) | +28.7% | |
| Acquisitions | (0.2) | (0.6) | 0.0 | (0.1) | (1.0) | 0.0 | +100.0% | |
| Investing cash flow | (0.3) | (0.8) | (0.3) | (0.5) | (1.5) | (0.4) | +73.1% | |
| Dividends paid | 0.0 | (0.0) | (0.0) | (0.1) | (0.0) | (0.1) | −8.3% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.2) | — | |
| Debt issued / repaid | 0.1 | (0.2) | (0.0) | (0.4) | 0.4 | (0.1) | −117.3% | |
| Financing cash flow | (0.2) | (0.1) | (0.5) | (1.0) | (0.1) | (0.8) | −476.6% | |
| Free cash flow | 0.9 | 1.0 | 0.7 | 0.6 | 0.7 | 1.0 | +40.4% | |
| Net change in cash | 0.5 | 0.3 | 0.3 | (0.4) | (0.4) | 0.1 | +130.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
