| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 14.6 | 38.0 | 33.7 | 25.4 | 44.8 | 23.7 | −47.1% | |
| Depreciation & amortization | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | −0.2% | |
| Stock-based compensation | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 20.9 | (40.9) | (96.9) | (41.1) | 27.2 | (58.8) | −315.9% | |
| Operating cash flow | 32.9 | (2.1) | (62.8) | (0.4) | 65.0 | (35.8) | −155.1% | |
| Capital expenditure | (1.2) | (0.4) | (0.8) | (0.3) | (0.7) | (0.9) | −21.6% | |
| Acquisitions | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | +7.3% | |
| Investing cash flow | (1.1) | (0.3) | (0.7) | (0.2) | (0.7) | (0.8) | −22.5% | |
| Dividends paid | (13.1) | (12.3) | (15.5) | (16.2) | (14.0) | (12.7) | +8.7% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (19.4) | 14.8 | 82.1 | 28.9 | (26.9) | 44.3 | +264.8% | |
| Financing cash flow | (32.5) | 2.4 | 66.6 | (2.5) | (59.1) | 31.4 | +153.2% | |
| Free cash flow | 31.7 | (2.5) | (63.6) | (0.7) | 64.3 | (36.7) | −157.1% | |
| Net change in cash | (0.7) | (0.0) | 3.1 | (3.1) | 5.2 | (5.2) | −200.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
