| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 86.8 | 108.6 | 124.3 | 126.2 | 177.5 | 228.9 | +29.0% | |
| Cost of revenue | 44.1 | 52.5 | 55.7 | 56.1 | 84.9 | 120.2 | +41.5% | |
| Gross profit | 42.7 | 56.1 | 68.6 | 70.1 | 82.8 | 108.8 | +31.4% | |
| Research & development | 3.7 | 3.8 | 4.3 | 5.6 | 5.2 | 5.1 | −2.4% | |
| Selling, general & administrative | 34.7 | 38.5 | 49.0 | 52.2 | 67.1 | 94.3 | +40.6% | |
| Selling & marketing | 1.1 | 1.5 | 1.6 | 1.5 | 2.3 | 3.8 | +63.8% | |
| Operating expenses | 35.3 | 38.1 | 48.5 | 51.3 | 81.4 | 86.8 | +6.6% | |
| Operating income | 10.7 | 23.0 | 24.9 | 18.9 | 10.5 | 22.0 | +110.4% | |
| Interest expense | 0.9 | 1.1 | 0.6 | 0.4 | 3.6 | 5.1 | +43.1% | |
| Interest income | 0.2 | 0.1 | 0.8 | 2.5 | 2.2 | 0.2 | −90.2% | |
| Other income / expense | (0.6) | (1.0) | 1.0 | 2.3 | (0.6) | (4.2) | −566.9% | |
| Pre-tax income | 10.1 | 22.0 | 25.9 | 21.2 | 9.8 | 17.8 | +81.0% | |
| Income tax | 1.5 | 4.5 | 5.5 | 5.3 | 2.7 | 7.7 | +186.8% | |
| Net income | 8.6 | 17.5 | 20.4 | 15.9 | 7.1 | 10.0 | +40.3% | |
| 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) | 0.04 | 0.08 | 0.09 | 0.07 | 0.03 | 0.05 | +39.6% | |
| EPS, diluted (per share) | 0.04 | 0.08 | 0.09 | 0.07 | 0.03 | 0.05 | +39.1% | |
| EBITDA | 17.5 | 31.5 | 34.9 | 31.4 | 29.7 | 43.4 | +46.2% | |
| Depreciation & amortization | 6.8 | 8.8 | 8.8 | 10.8 | 16.3 | 21.4 | +31.3% | |
| Weighted average shares (shares) | 215,126,000 | 215,677,000 | 216,512,000 | 215,898,000 | 214,339,000 | 215,544,000 | +0.6% | |
| Weighted average diluted shares (shares) | 217,831,000 | 218,312,000 | 219,481,000 | 219,289,000 | 218,298,000 | 220,009,000 | +0.8% | |
| Gross margin | 49.2% | 51.7% | 55.2% | 55.6% | 46.6% | 47.5% | +0.9 pts | |
| Operating margin | 12.4% | 21.2% | 20.0% | 15.0% | 5.9% | 9.6% | +3.7 pts | |
| Net margin | 9.9% | 16.1% | 16.4% | 12.6% | 4.0% | 4.3% | +0.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
