| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (26.9) | 6.9 | 28.8 | 27.2 | 35.5 | 37.0 | +4.2% | |
| Depreciation & amortization | 77.2 | 66.2 | 70.9 | 86.3 | 97.5 | 102.0 | +4.6% | |
| Stock-based compensation | 0.4 | 0.5 | 0.8 | 1.0 | 1.5 | 2.4 | +60.0% | |
| Change in working capital | 24.6 | (20.3) | (8.3) | (0.6) | (1.8) | (8.9) | −394.4% | |
| Operating cash flow | 64.5 | 44.6 | 94.5 | 121.4 | 141.8 | 139.9 | −1.3% | |
| Capital expenditure | (50.7) | (66.2) | (76.2) | (93.0) | (50.6) | (101.6) | −100.8% | |
| Acquisitions | (0.7) | (8.4) | 0.4 | (29.5) | (19.3) | (0.2) | +99.0% | |
| Investing cash flow | (46.8) | (66.9) | (71.6) | (119.2) | (130.7) | (103.0) | +21.2% | |
| Dividends paid | 0.0 | 0.0 | (3.5) | (10.6) | (13.3) | (17.4) | −30.8% | |
| Share buybacks | 0.0 | (0.1) | (5.6) | (29.9) | 0.0 | (54.8) | — | |
| Debt issued / repaid | (85.0) | 16.5 | (3.0) | 46.0 | 9.5 | 41.5 | +336.8% | |
| Financing cash flow | (8.2) | 11.3 | (17.7) | (2.1) | (9.5) | (37.5) | −294.7% | |
| Free cash flow | 13.8 | (21.6) | 18.3 | 28.4 | 91.2 | 38.3 | −58.0% | |
| Net change in cash | (0.5) | (2.6) | 0.9 | 0.1 | 1.3 | (0.5) | −138.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
