| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (64.8) | 185.9 | 44.7 | (24.0) | 110.5 | 162.4 | +47.0% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (0.6) | 0.6 | 0.5 | 0.0 | (0.1) | 0.8 | +787.5% | |
| Operating cash flow | (3.2) | 13.9 | (53.3) | 11.4 | 32.7 | 64.2 | +96.4% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.0) | (15.6) | (91.7) | 0.0 | 0.0 | 19.6 | — | |
| Dividends paid | (31.6) | (33.5) | (36.2) | (40.6) | (42.6) | (43.3) | −1.8% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (4.4) | — | |
| Debt issued / repaid | 0.0 | 0.0 | 16.0 | 0.0 | 8.0 | 0.0 | −100.0% | |
| Financing cash flow | (0.7) | (1.9) | 46.2 | 0.1 | (40.0) | (53.6) | −34.0% | |
| Free cash flow | (3.2) | 13.9 | (53.3) | 11.4 | 32.7 | 64.2 | +96.4% | |
| Net change in cash | (3.9) | 12.0 | (7.2) | 11.4 | (7.3) | 10.5 | +243.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
