| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 16.2 | 45.6 | 33.7 | 24.3 | 19.7 | 17.6 | −10.7% | |
| Depreciation & amortization | 4.1 | 3.5 | 3.3 | 1.6 | 3.4 | 0.0 | −100.0% | |
| Stock-based compensation | (0.3) | 1.0 | 2.0 | 1.1 | 2.3 | 0.0 | −100.0% | |
| Change in working capital | 19.0 | (142.1) | (42.1) | (482.4) | (358.6) | 55.9 | +115.6% | |
| Operating cash flow | 95.6 | (89.8) | 32.7 | (402.6) | (261.4) | 156.4 | +159.8% | |
| Capital expenditure | (1.9) | (1.3) | (2.7) | (2.7) | (1.0) | (1.6) | −60.0% | |
| Acquisitions | 1.1 | 1.1 | 0.0 | 0.0 | 0.0 | 1.9 | — | |
| Investing cash flow | 23.1 | 59.1 | 82.5 | (443.0) | (350.8) | (165.9) | +52.7% | |
| Dividends paid | 0.0 | (11.9) | (10.7) | (8.4) | (5.2) | (6.4) | −23.1% | |
| Share buybacks | 0.0 | 0.0 | (0.3) | (1.2) | (1.4) | (0.2) | +85.7% | |
| Debt issued / repaid | (31.7) | 114.4 | 7.0 | 40.3 | (35.6) | (156.7) | −340.2% | |
| Financing cash flow | (31.6) | 101.6 | (5.0) | 388.7 | 331.1 | 100.3 | −69.7% | |
| Free cash flow | 93.7 | (91.1) | 30.0 | (405.3) | (262.4) | 154.8 | +159.0% | |
| Net change in cash | 87.1 | 70.9 | 110.2 | (16.6) | 68.7 | 0.0 | −100.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
