| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 6.5 | (7.0) | 33.6 | 16.7 | 28.6 | 79.9 | +178.9% | |
| Depreciation & amortization | 10.9 | 19.1 | 37.1 | 39.4 | 72.1 | 86.1 | +19.5% | |
| Stock-based compensation | 0.3 | 2.3 | 4.5 | 4.0 | 6.9 | 0.0 | −100.0% | |
| Change in working capital | 9.3 | 6.8 | 7.0 | (6.2) | (23.9) | (9.5) | +60.3% | |
| Operating cash flow | 28.5 | 29.5 | 87.7 | 52.1 | 117.0 | 171.1 | +46.2% | |
| Capital expenditure | (6.6) | (22.6) | (52.7) | (43.0) | (75.0) | (95.4) | −27.2% | |
| Acquisitions | (8.4) | (350.9) | (43.3) | (22.5) | (518.2) | 7.1 | +101.4% | |
| Investing cash flow | (14.1) | (375.2) | (85.5) | (64.6) | (584.6) | (91.4) | +84.4% | |
| Dividends paid | 0.0 | (0.6) | (3.0) | (1.3) | (3.1) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (5.5) | 143.5 | 5.8 | (27.0) | 421.2 | (46.6) | −111.1% | |
| Financing cash flow | 3.1 | 388.5 | 2.9 | 1.0 | 547.9 | (51.9) | −109.5% | |
| Free cash flow | 21.9 | 6.9 | 35.0 | 9.1 | 42.0 | 75.7 | +80.2% | |
| Net change in cash | 17.6 | 42.5 | (1.3) | (12.8) | 75.5 | 35.3 | −53.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
