| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 102.1 | 92.5 | 84.7 | 45.9 | 39.6 | 125.4 | +216.7% | |
| Cost of revenue | 60.3 | 74.5 | 69.0 | 50.3 | 49.7 | 71.2 | +43.4% | |
| Gross profit | 41.7 | 18.0 | 15.8 | (4.5) | (10.1) | 54.2 | +638.1% | |
| Research & development | 0.0 | 0.1 | 0.3 | 0.3 | 0.4 | 0.2 | −37.3% | |
| Selling, general & administrative | 5.0 | 5.1 | 5.9 | 7.0 | 6.6 | 9.3 | +40.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 5.7 | 5.6 | 6.5 | 20.3 | 8.8 | 13.5 | +54.2% | |
| Operating income | 36.1 | 12.4 | 9.3 | (24.8) | (18.8) | 40.6 | +315.8% | |
| Interest expense | 0.6 | 0.7 | 0.8 | 1.8 | 3.0 | 4.0 | +33.1% | |
| Interest income | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | 0.3 | +10.6% | |
| Other income / expense | (0.3) | 0.2 | (1.8) | (7.2) | (2.5) | (14.3) | −482.5% | |
| Pre-tax income | 35.7 | 12.6 | 7.5 | (32.0) | (21.3) | 26.4 | +223.9% | |
| Income tax | 12.5 | 5.2 | 3.8 | (7.7) | (3.8) | 8.3 | +319.6% | |
| Net income | 23.2 | 7.4 | 3.7 | (24.2) | (17.5) | 18.1 | +203.1% | |
| 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) | 0.20 | 0.06 | 0.03 | (0.21) | (0.15) | 0.16 | +206.7% | |
| EPS, diluted (per share) | 0.20 | 0.06 | 0.03 | (0.21) | (0.15) | 0.16 | +206.7% | |
| EBITDA | 56.6 | 28.8 | 25.4 | (19.2) | (6.7) | 64.9 | +1075.1% | |
| Depreciation & amortization | 18.3 | 16.7 | 17.2 | 10.9 | 11.7 | 24.3 | +108.1% | |
| Weighted average shares (shares) | 114,392,024 | 114,392,024 | 114,335,175 | 114,335,175 | 114,242,024 | 114,267,024 | +0.0% | |
| Weighted average diluted shares (shares) | 114,392,024 | 114,392,024 | 114,335,175 | 114,335,175 | 114,242,024 | 114,647,024 | +0.4% | |
| Gross margin | 40.9% | 19.5% | 18.6% | −9.7% | −25.4% | 43.2% | +68.6 pts | |
| Operating margin | 35.3% | 13.4% | 11.0% | −54.1% | −47.6% | 32.4% | +80.0 pts | |
| Net margin | 22.8% | 8.0% | 4.3% | −52.9% | −44.2% | 14.4% | +58.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
