| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (11.0) | (7.1) | (6.6) | (8.3) | 0.0 | 11.6 | +77500.0% | |
| Depreciation & amortization | 1.3 | 1.7 | 2.5 | 3.0 | 6.5 | 4.2 | −36.5% | |
| Stock-based compensation | 0.5 | 0.1 | 0.0 | 0.8 | 0.9 | 0.0 | −100.0% | |
| Change in working capital | 2.4 | (2.6) | (0.0) | (5.5) | 5.5 | (4.3) | −177.1% | |
| Operating cash flow | (5.0) | (9.3) | (4.7) | (3.7) | 13.8 | 10.5 | −24.4% | |
| Capital expenditure | (1.9) | (1.8) | (3.3) | (0.0) | (6.9) | (0.0) | +99.7% | |
| Acquisitions | 0.0 | 0.0 | (1.2) | 0.8 | (0.0) | (0.0) | −12.5% | |
| Investing cash flow | 11.1 | (3.3) | (12.5) | (4.7) | (6.9) | (0.9) | +87.6% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (8.1) | — | |
| Debt issued / repaid | 4.4 | 2.4 | (0.1) | 5.4 | (2.0) | (4.1) | −105.5% | |
| Financing cash flow | 4.5 | 2.4 | 14.4 | 12.5 | (2.2) | (12.3) | −462.3% | |
| Free cash flow | (6.9) | (11.1) | (8.0) | (3.7) | 7.0 | 10.4 | +49.9% | |
| Net change in cash | 10.8 | (10.1) | 2.7 | (0.1) | 4.7 | (2.5) | −153.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
