| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 12.6 | 18.5 | 20.1 | 25.4 | 17.6 | 20.8 | +18.1% | |
| Depreciation & amortization | 0.9 | 3.8 | 4.3 | 4.7 | 10.7 | 9.0 | −16.3% | |
| Stock-based compensation | 0.4 | 1.2 | (0.3) | 0.0 | 6.0 | 7.9 | +31.7% | |
| Change in working capital | (13.1) | (20.8) | (10.4) | (19.3) | (34.3) | (34.8) | −1.3% | |
| Operating cash flow | 8.0 | 0.2 | 11.6 | 16.6 | (3.2) | 3.9 | +223.3% | |
| Capital expenditure | (1.3) | (5.4) | (8.7) | (3.1) | (23.1) | (1.4) | +94.1% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (10.1) | (5.4) | (8.7) | (23.1) | (23.1) | (13.8) | +40.2% | |
| Dividends paid | 0.0 | (2.9) | (4.1) | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (0.3) | (0.2) | (0.2) | (0.2) | (1.8) | 0.0 | +100.0% | |
| Financing cash flow | (3.2) | 29.4 | (4.4) | 15.8 | 29.8 | (3.6) | −112.2% | |
| Free cash flow | 6.7 | (5.2) | 2.8 | 13.5 | (26.3) | 2.6 | +109.8% | |
| Net change in cash | (5.4) | 24.4 | 1.9 | 9.4 | 3.6 | (15.7) | −535.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
