| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83.8 | 87.9 | 102.7 | 100.4 | 97.5 | 107.4 | +10.2% | |
| Cost of revenue | 14.8 | 19.3 | 24.2 | 8.3 | 18.0 | 24.5 | +36.4% | |
| Gross profit | 69.0 | 68.6 | 78.5 | 92.1 | 97.5 | 82.9 | −15.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 11.1 | 14.2 | 16.3 | 19.8 | 18.8 | 24.7 | +31.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 10.6 | 13.7 | 15.7 | 42.6 | 35.2 | 36.8 | +4.4% | |
| Operating income | 58.4 | 54.9 | 62.8 | 48.6 | 62.3 | 46.2 | −25.9% | |
| Interest expense | 3.6 | 3.8 | 7.5 | 14.9 | 18.1 | 14.3 | −20.8% | |
| Interest income | 0.0 | 87.9 | 102.7 | 115.4 | 115.6 | 107.4 | −7.1% | |
| Other income / expense | (3.6) | (4.3) | (7.5) | (15.1) | (38.3) | (14.3) | +62.5% | |
| Pre-tax income | 18.1 | 47.0 | 41.4 | 33.6 | 24.0 | 31.8 | +32.7% | |
| Income tax | 3.5 | 9.0 | 7.7 | 8.1 | 6.1 | 8.1 | +33.6% | |
| Net income | 14.6 | 38.0 | 33.7 | 25.4 | 17.9 | 23.7 | +32.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 1.21 | 3.13 | 2.78 | 2.09 | 1.47 | 1.95 | +32.7% | |
| EPS, diluted (per share) | 1.21 | 3.13 | 2.78 | 2.09 | 1.47 | 1.95 | +32.7% | |
| EBITDA | 22.2 | 51.3 | 49.4 | 49.1 | 24.5 | 46.6 | +90.7% | |
| Depreciation & amortization | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | −0.2% | |
| Weighted average shares (shares) | 12,129,768 | 12,142,928 | 12,149,205 | 12,150,760 | 12,150,760 | 12,150,760 | +0.0% | |
| Weighted average diluted shares (shares) | 12,134,619 | 12,145,096 | 12,149,205 | 12,150,760 | 12,150,760 | 12,150,760 | +0.0% | |
| Gross margin | 82.3% | 78.0% | 76.4% | 91.8% | 100.0% | 77.2% | −22.8 pts | |
| Operating margin | 69.7% | 62.5% | 61.1% | 48.5% | 63.9% | 43.0% | −20.9 pts | |
| Net margin | 17.5% | 43.2% | 32.8% | 25.3% | 18.4% | 22.1% | +3.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
