| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 9.2 | 14.7 | 4.3 | 15.4 | 23.4 | 10.1 | −56.9% | |
| Depreciation & amortization | 7.9 | 7.4 | 9.9 | 12.1 | 12.2 | 11.7 | −3.6% | |
| Stock-based compensation | 0.0 | 0.0 | 0.3 | 0.5 | 0.4 | 0.7 | +60.0% | |
| Change in working capital | 0.8 | (49.1) | (5.7) | 1.6 | (12.4) | (0.5) | +95.8% | |
| Operating cash flow | 26.2 | 21.5 | 23.3 | 33.6 | 25.4 | 27.5 | +8.2% | |
| Capital expenditure | (8.6) | (8.6) | (9.8) | (7.1) | (5.9) | (5.2) | +11.0% | |
| Acquisitions | 0.0 | 0.5 | (20.2) | 0.4 | 0.3 | 0.2 | −45.7% | |
| Investing cash flow | (8.2) | (8.2) | (30.0) | (6.7) | (5.6) | (5.1) | +9.9% | |
| Dividends paid | 0.0 | 0.0 | (4.9) | (9.7) | (9.8) | (10.0) | −2.0% | |
| Share buybacks | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (7.0) | (31.0) | 22.1 | (8.4) | (1.8) | (10.2) | −480.0% | |
| Financing cash flow | (9.6) | (9.8) | 14.7 | (27.6) | (21.8) | (22.9) | −4.9% | |
| Free cash flow | 17.6 | 12.8 | 13.5 | 26.5 | 19.6 | 22.3 | +14.0% | |
| Net change in cash | 4.9 | (4.5) | 7.1 | (1.2) | (2.8) | 0.3 | +112.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
