| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.0 | 27.8 | 31.4 | 34.8 | 35.2 | 41.3 | +17.3% | |
| Cost of revenue | 7.5 | 16.9 | 19.7 | 22.4 | 22.3 | 27.7 | +24.0% | |
| Gross profit | 0.6 | 10.9 | 11.7 | 12.4 | 12.9 | 13.6 | +5.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.5 | 3.2 | 3.7 | 10.1 | 11.2 | 12.9 | +15.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | — | |
| Operating expenses | 2.5 | 6.4 | 6.3 | 10.4 | 14.2 | 9.8 | −31.0% | |
| Operating income | (1.6) | 3.2 | 5.3 | 2.0 | (1.3) | 3.8 | +384.2% | |
| Interest expense | 0.4 | 0.4 | 0.7 | 1.4 | 1.5 | 1.5 | −0.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.4) | (0.4) | (0.7) | (1.4) | (1.5) | (4.6) | −206.5% | |
| Pre-tax income | (0.5) | 2.8 | 4.6 | 0.6 | (2.8) | (0.8) | +71.8% | |
| Income tax | (0.1) | 1.5 | 0.0 | (0.2) | 0.2 | (0.8) | −472.1% | |
| Net income | (0.4) | 1.3 | 4.6 | 0.8 | (3.1) | 0.0 | +100.0% | |
| 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) | (0.01) | 0.02 | 0.06 | 0.01 | (0.03) | 0.00 | +100.3% | |
| EPS, diluted (per share) | (0.01) | 0.02 | 0.06 | 0.01 | (0.03) | 0.00 | +100.3% | |
| EBITDA | 0.8 | 5.1 | 7.8 | 7.0 | 4.2 | 10.2 | +144.8% | |
| Depreciation & amortization | 0.9 | 1.9 | 2.5 | 5.0 | 5.5 | 6.4 | +16.3% | |
| Weighted average shares (shares) | 75,500,000 | 75,500,000 | 75,714,054 | 80,228,514 | 89,143,812 | 107,822,776 | +21.0% | |
| Weighted average diluted shares (shares) | 75,500,000 | 75,500,000 | 81,939,807 | 85,258,644 | 89,143,812 | 111,656,642 | +25.3% | |
| Gross margin | 7.0% | 39.2% | 37.3% | 35.6% | 36.6% | 32.9% | −3.6 pts | |
| Operating margin | −20.4% | 11.3% | 16.9% | 5.8% | −3.8% | 9.2% | +13.0 pts | |
| Net margin | −5.0% | 4.7% | 14.7% | 2.3% | −8.7% | 0.0% | +8.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
