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Cash used in operations (Tables)

6 Months Ended

Dec. 31, 2024

Cash used in operations

Schedule of cash used in operations


		Three months ended				Six months ended
		31 December				31 December
		2024		2023		2024		2023
		£’000		£’000		£’000		£’000
(Loss)/profit before income tax		(34,517)		27,219		(32,889)		(5,585)
Adjustments for:
Depreciation		4,293		4,153		8,549		8,255
Amortization		49,423		50,495		102,693		97,340
Profit on disposal of intangible assets		(839)		(399)		(36,391)		(29,880)
Net finance costs		37,563		275		28,967		34,894
Non-cash employee benefit expense - equity-settled share-based payments		421		736		797		1,476
Foreign exchange losses/(gains) on operating activities		562		619		(152)		477
Reclassified from hedging reserve		184		250		2,943		(2)
Changes in working capital:
Inventories		(982)		1,022		(9,880)		(859)
Prepayments		8,685		9,286		(9,413)		(10,833)
Contract assets – accrued revenue		(14,088)		(14,476)		(20,069)		(18,487)
Trade receivables		(35,013)		(39,110)		(49,243)		(44,355)
Other receivables		140		9,612		713		7,863
Contract liabilities – deferred revenue		(62,241)		(64,780)		(34,105)		(18,581)
Trade and other payables		(9,386)		(23,602)		14,920		(31,839)
Provisions		(12)		688		(39)		(2,025)
Cash used in operations		(55,807)		(38,012)		(32,599)		(12,141)