| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 50.8 | 223.4 | (295.9) | (15.8) | 86.3 | (9.0) | −110.5% | |
| 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 | 2.1 | 2.6 | (12.0) | 6.1 | 1.5 | (5.3) | −451.9% | |
| Operating cash flow | (95.1) | (101.0) | 39.0 | 6.9 | 86.6 | 0.2 | −99.7% | |
| Capital expenditure | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.2) | — | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (120.0) | (138.9) | 93.9 | (9.2) | 59.6 | 71.5 | +20.0% | |
| Dividends paid | (8.2) | (9.4) | (10.9) | (11.9) | (14.2) | (14.4) | −1.2% | |
| Share buybacks | 0.0 | 0.0 | (11.5) | (29.6) | (52.3) | (70.8) | −35.3% | |
| Debt issued / repaid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Financing cash flow | 76.6 | 114.5 | (4.8) | (41.5) | (66.7) | (85.2) | −27.8% | |
| Free cash flow | (95.1) | (101.0) | 39.0 | 6.9 | 86.6 | 69.1 | −20.2% | |
| Net change in cash | (18.8) | 13.6 | 33.6 | (34.8) | 19.9 | (13.7) | −169.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
