| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (2.3) | 35.6 | 30.7 | (5.3) | 21.7 | (5.4) | −125.0% | |
| Depreciation & amortization | 76.1 | 65.4 | 67.6 | 92.7 | 68.9 | 66.6 | −3.4% | |
| Stock-based compensation | 1.1 | 1.2 | 0.6 | 0.8 | 0.4 | 0.0 | −100.0% | |
| Change in working capital | 33.9 | (12.5) | (18.4) | 9.8 | (5.0) | 6.2 | +224.9% | |
| Operating cash flow | 104.9 | 76.7 | 66.3 | 89.6 | 80.7 | 61.4 | −23.9% | |
| Capital expenditure | (46.6) | (68.7) | (63.3) | (72.3) | (73.7) | (59.9) | +18.7% | |
| Acquisitions | 17.5 | (2.7) | 24.9 | 25.3 | (9.9) | (1.0) | +89.9% | |
| Investing cash flow | (29.0) | (53.6) | (38.5) | (47.1) | (59.9) | (35.7) | +40.3% | |
| Dividends paid | (8.7) | (14.1) | (14.5) | (15.0) | (15.4) | (15.6) | −1.4% | |
| Share buybacks | (5.1) | (0.5) | (1.1) | (0.7) | (0.0) | (0.0) | +22.0% | |
| Debt issued / repaid | (36.0) | (10.1) | 1.0 | (31.3) | 19.7 | 3.7 | −81.4% | |
| Financing cash flow | (73.9) | (25.5) | (30.5) | (47.6) | (13.9) | (31.3) | −125.4% | |
| Free cash flow | 58.3 | 8.0 | 3.0 | 17.3 | 7.1 | 1.5 | −78.7% | |
| Net change in cash | 1.8 | (2.3) | (2.5) | (5.1) | 6.6 | (8.6) | −230.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
