| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 24.6 | 28.4 | 24.9 | 35.0 | (36.4) | 3.0 | +108.2% | |
| 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 | 2.2 | (1.5) | (3.8) | (5.8) | 1.6 | (4.2) | −369.6% | |
| Operating cash flow | 24.5 | 24.7 | 25.7 | 25.9 | 29.1 | 21.8 | −24.9% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (2.3) | — | |
| Acquisitions | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (94.4) | (61.2) | (18.5) | 7.6 | (2.3) | (2.0) | +15.8% | |
| Dividends paid | (18.8) | (20.9) | (21.7) | (21.6) | (21.5) | (22.0) | −2.2% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | (5.0) | 0.0 | 0.0 | — | |
| Debt issued / repaid | 29.4 | 65.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 58.0 | 35.7 | (29.6) | (34.1) | (28.9) | (22.0) | +23.9% | |
| Free cash flow | 19.9 | 19.1 | 18.5 | 25.9 | 29.1 | 19.5 | −32.8% | |
| Net change in cash | (11.9) | (1.2) | (22.2) | (0.7) | (2.1) | (2.1) | +1.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
