| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.2 | 7.5 | 3.9 | 15.3 | 14.4 | 15.0 | +4.7% | |
| Cost of revenue | 28.9 | 27.2 | 14.9 | 10.9 | 9.8 | 3.3 | −66.2% | |
| Gross profit | (16.7) | (19.7) | (11.0) | 4.4 | 4.6 | 11.7 | +157.4% | |
| Operating expenses | 0.0 | 0.9 | 0.4 | 0.0 | 9.9 | 9.8 | −1.3% | |
| Operating income | (16.7) | (20.6) | (11.4) | 4.4 | (5.3) | 2.0 | +136.6% | |
| Interest expense | 3.7 | 3.3 | 3.9 | 4.5 | 5.5 | 5.5 | −0.7% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | 0.2 | −19.2% | |
| Pre-tax income | (19.4) | (74.0) | (11.1) | 22.8 | (12.6) | (19.1) | −51.4% | |
| Income tax | 0.3 | (2.5) | (0.0) | (0.4) | 12.5 | (5.2) | −141.6% | |
| Net income | (19.1) | (67.6) | (9.6) | 25.4 | (20.1) | (12.0) | +40.5% | |
| EPS, basic (per share) | (0.04) | (0.12) | (0.01) | 0.04 | (0.03) | (0.01) | +42.6% | |
| EPS, diluted (per share) | (0.04) | (0.12) | (0.01) | 0.04 | (0.03) | (0.01) | +42.6% | |
| EBITDA | (5.9) | (9.8) | (8.0) | 8.0 | (2.8) | 3.8 | +236.2% | |
| Depreciation & amortization | 10.6 | 10.8 | 3.4 | 3.6 | 2.1 | 1.3 | −39.0% | |
| Weighted average shares (shares) | 453,637,000 | 558,725,000 | 722,812,000 | 722,812,000 | 785,919,000 | 814,609,000 | +3.7% | |
| Weighted average diluted shares (shares) | 453,637,000 | 558,725,000 | 722,812,000 | 722,812,000 | 785,919,000 | 814,609,000 | +3.7% | |
| Gross margin | −136.6% | −262.2% | −282.4% | 28.9% | 31.7% | 78.0% | +46.3 pts | |
| Operating margin | −136.6% | −274.1% | −292.1% | 28.9% | −37.2% | 13.0% | +50.2 pts | |
| Net margin | −156.0% | −900.3% | −247.3% | 166.2% | −140.0% | −79.7% | +60.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
