| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 30.0 | 50.3 | 62.0 | 64.4 | 96.5 | 175.4 | +81.7% | |
| Cost of revenue | 17.6 | 22.5 | 32.8 | 41.1 | 47.5 | 81.0 | +70.7% | |
| Gross profit | 12.5 | 27.8 | 29.3 | 23.3 | 49.1 | 97.9 | +99.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 5.3 | 5.8 | 12.3 | 7.1 | 6.6 | 9.7 | +48.5% | |
| Selling & marketing | 2.5 | 0.7 | 0.0 | 0.2 | 0.0 | 0.0 | — | |
| Operating expenses | 5.3 | 5.9 | 12.3 | 7.4 | 6.7 | 9.7 | +45.9% | |
| Operating income | 7.2 | 21.9 | 17.0 | 15.9 | 42.4 | 86.3 | +103.6% | |
| Interest expense | 2.3 | 3.3 | 3.1 | 4.3 | 6.0 | 5.3 | −11.8% | |
| Interest income | 0.0 | 2.5 | 2.3 | 0.0 | 0.4 | 1.3 | +251.1% | |
| Other income / expense | (3.8) | (3.7) | (3.6) | (4.0) | (12.0) | (4.3) | +64.4% | |
| Pre-tax income | 3.3 | 18.3 | 13.4 | 11.9 | 30.4 | 82.0 | +170.3% | |
| Income tax | 0.4 | (0.1) | 0.2 | 0.5 | 3.9 | 20.5 | +420.2% | |
| Net income | 2.9 | 18.3 | 13.2 | 11.3 | 26.4 | 63.3 | +139.6% | |
| 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) | 0.11 | 0.67 | 0.48 | 0.41 | 0.97 | 2.31 | +138.1% | |
| EPS, diluted (per share) | 0.11 | 0.67 | 0.48 | 0.41 | 0.97 | 2.31 | +138.1% | |
| EBITDA | 10.7 | 26.0 | 21.1 | 23.2 | 45.4 | 103.4 | +127.7% | |
| Depreciation & amortization | 4.0 | 4.5 | 4.6 | 7.0 | 9.0 | 16.2 | +78.9% | |
| Weighted average shares (shares) | 26,070,079 | 27,332,952 | 27,332,946 | 27,336,131 | 27,332,934 | 27,332,934 | +0.0% | |
| Weighted average diluted shares (shares) | 26,772,729 | 27,332,933 | 27,332,934 | 27,332,934 | 27,332,934 | 27,332,934 | +0.0% | |
| Gross margin | 41.5% | 55.3% | 47.2% | 36.2% | 50.8% | 55.8% | +5.0 pts | |
| Operating margin | 23.8% | 43.6% | 27.4% | 24.7% | 43.9% | 49.2% | +5.3 pts | |
| Net margin | 9.8% | 36.4% | 21.3% | 17.6% | 27.4% | 36.1% | +8.7 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.
