| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 19.8 | 21.7 | 38.8 | 50.7 | 73.4 | 56.6 | −22.9% | |
| Depreciation & amortization | 35.9 | 33.3 | 38.8 | 38.3 | 39.2 | 42.3 | +7.9% | |
| Stock-based compensation | 0.1 | 0.0 | 0.9 | 0.3 | 0.8 | 0.0 | −100.0% | |
| Change in working capital | 8.6 | (7.6) | (1.0) | (2.4) | (9.7) | (6.2) | +36.2% | |
| Operating cash flow | 86.1 | 53.9 | 74.9 | 83.3 | 87.2 | 90.8 | +4.1% | |
| Capital expenditure | (47.1) | (26.4) | (32.7) | (49.6) | (54.6) | (62.1) | −13.7% | |
| Acquisitions | 0.7 | (5.2) | 5.4 | (4.8) | 3.7 | 4.1 | +12.3% | |
| Investing cash flow | (46.2) | (33.9) | (31.1) | (52.7) | (47.6) | (60.5) | −27.2% | |
| Dividends paid | (31.9) | 0.0 | (35.5) | (23.4) | (27.8) | (29.8) | −6.9% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (2.0) | (1.4) | 0.0 | +100.0% | |
| Debt issued / repaid | (10.7) | (21.9) | 37.2 | (26.1) | (25.9) | (20.5) | +20.7% | |
| Financing cash flow | (18.3) | (21.8) | (7.5) | (57.0) | (60.7) | (54.5) | +10.2% | |
| Free cash flow | 39.0 | 27.5 | 42.2 | 33.7 | 32.6 | 28.7 | −11.9% | |
| Net change in cash | 22.6 | (7.8) | 36.8 | (25.1) | (24.9) | (20.9) | +16.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
