| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (67.8) | (28.0) | (259.2) | (129.0) | (141.1) | 4.5 | +103.2% | |
| Depreciation & amortization | 29.0 | 32.2 | 41.6 | 152.3 | 206.6 | 38.8 | −81.2% | |
| Stock-based compensation | 2.4 | 3.4 | 3.9 | 3.4 | 4.2 | 3.9 | −7.1% | |
| Change in working capital | (66.5) | 29.3 | (65.7) | 39.1 | 27.9 | 35.2 | +26.2% | |
| Operating cash flow | (78.4) | 46.5 | (13.9) | 83.7 | 113.2 | 117.0 | +3.4% | |
| Capital expenditure | (285.1) | (18.9) | (20.8) | (26.7) | (20.1) | (16.1) | +19.9% | |
| Acquisitions | 31.4 | 0.3 | (0.7) | (44.7) | 0.9 | (15.6) | −1833.3% | |
| Investing cash flow | (211.8) | (27.3) | 4.1 | 18.0 | 14.8 | 6.1 | −58.8% | |
| Dividends paid | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 200.8 | 80.0 | (46.4) | (62.2) | (137.2) | (45.6) | +66.8% | |
| Financing cash flow | 318.0 | 69.6 | (54.2) | (73.8) | (144.5) | (69.5) | +51.9% | |
| Free cash flow | (363.5) | 27.6 | (34.7) | 57.0 | 93.1 | 100.9 | +8.4% | |
| Net change in cash | 3.7 | 125.3 | (50.4) | 27.9 | (16.5) | 53.6 | +424.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
