| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 0.4 | 2.0 | 2.3 | 0.5 | 0.2 | 0.5 | +144.6% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| Change in working capital | 31.7 | 24.1 | (90.4) | 9.2 | 4.2 | 37.6 | +801.7% | |
| Operating cash flow | 4.3 | (0.2) | 20.5 | (14.2) | (4.4) | 4.5 | +202.3% | |
| Capital expenditure | (0.2) | (0.2) | (0.2) | (0.2) | (0.1) | (0.1) | +46.3% | |
| Acquisitions | (0.3) | 0.2 | (0.0) | (0.0) | 0.5 | 0.1 | −87.3% | |
| Investing cash flow | (0.5) | 0.1 | (0.2) | (0.4) | 0.2 | 0.2 | −28.9% | |
| Dividends paid | (1.0) | (1.1) | (1.1) | (1.2) | (1.2) | (1.2) | −1.4% | |
| Share buybacks | (0.0) | (0.0) | (0.1) | (0.0) | (0.2) | (0.0) | +90.0% | |
| Debt issued / repaid | 1.1 | (0.3) | 0.2 | 0.7 | 1.9 | (1.1) | −160.3% | |
| Financing cash flow | (0.0) | (1.5) | (1.0) | (0.6) | 0.3 | (2.9) | −984.9% | |
| Free cash flow | 4.1 | (0.4) | 20.3 | (14.5) | (4.5) | 4.5 | +199.0% | |
| Net change in cash | 0.5 | (0.0) | 1.2 | (15.3) | (3.9) | 13.3 | +446.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
