| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.9 | 83.2 | 93.3 | 102.0 | 109.9 | 126.7 | +15.3% | |
| Cost of revenue | 18.4 | 32.1 | 36.4 | 38.3 | 39.0 | 49.3 | +26.4% | |
| Gross profit | 60.5 | 51.1 | 56.9 | 63.7 | 70.9 | 77.4 | +9.2% | |
| Research & development | 18.9 | 1.6 | 2.2 | 3.1 | 3.1 | 2.8 | −9.7% | |
| Selling, general & administrative | 18.7 | 30.0 | 26.9 | 34.3 | 37.1 | 35.7 | −3.8% | |
| Selling & marketing | 0.0 | 0.0 | (4.1) | 0.0 | 0.5 | 0.0 | −100.0% | |
| Operating expenses | 37.6 | 26.7 | 29.1 | 33.6 | 36.6 | 38.5 | +5.2% | |
| Operating income | 23.9 | 24.7 | 27.8 | 30.1 | 34.3 | 38.9 | +13.4% | |
| Interest expense | 0.8 | 0.8 | 0.6 | 0.5 | 0.7 | 0.7 | +0.0% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.3 | 0.5 | 0.7 | +40.0% | |
| Other income / expense | (0.6) | (0.9) | 1.2 | (0.5) | (0.2) | 1.2 | +700.0% | |
| Pre-tax income | 23.3 | 23.9 | 29.0 | 29.6 | 34.1 | 40.1 | +17.6% | |
| Income tax | 2.9 | 4.6 | 4.4 | 6.1 | 8.5 | 10.0 | +17.6% | |
| Net income | 20.3 | 19.2 | 24.5 | 23.5 | 25.6 | 30.1 | +17.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.07 | 0.06 | 0.08 | 0.08 | 0.09 | 0.10 | +15.2% | |
| EPS, diluted (per share) | 0.07 | 0.06 | 0.08 | 0.08 | 0.09 | 0.10 | +16.8% | |
| EBITDA | 27.2 | 27.7 | 32.5 | 32.9 | 37.5 | 42.2 | +12.5% | |
| Depreciation & amortization | 3.1 | 3.1 | 3.0 | 2.5 | 2.7 | 3.3 | +22.2% | |
| Weighted average shares (shares) | 293,824,145 | 296,709,610 | 296,309,874 | 294,462,166 | 294,925,812 | 295,778,634 | +0.3% | |
| Weighted average diluted shares (shares) | 300,069,048 | 301,505,177 | 302,038,789 | 298,119,816 | 298,962,970 | 297,234,511 | −0.6% | |
| Gross margin | 76.7% | 61.4% | 61.0% | 62.5% | 64.5% | 61.1% | −3.4 pts | |
| Operating margin | 30.3% | 29.7% | 29.8% | 29.5% | 31.2% | 30.7% | −0.5 pts | |
| Net margin | 25.7% | 23.1% | 26.3% | 23.0% | 23.3% | 23.8% | +0.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
