| GBP millions | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|
| Revenue | 35.0 | 60.8 | 86.2 | 107.1 | +24.3% | |
| Cost of revenue | 21.4 | 34.3 | 45.8 | 58.9 | +28.7% | |
| Gross profit | 13.6 | 26.5 | 40.4 | 48.2 | +19.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.1 | 9.2 | 17.6 | 18.4 | +4.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.1 | 9.2 | 15.5 | 18.4 | +19.0% | |
| Operating income | 9.9 | 17.9 | 24.9 | 29.8 | +19.6% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | +12.4% | |
| Interest income | 0.0 | 0.1 | 0.7 | 0.5 | −31.9% | |
| Other income / expense | (0.1) | 0.0 | (0.5) | (1.3) | −143.9% | |
| Pre-tax income | 9.9 | 17.9 | 24.4 | 28.5 | +16.9% | |
| Income tax | 1.7 | 4.1 | 5.7 | 7.4 | +29.1% | |
| Net income | 8.2 | 13.8 | 18.7 | 21.1 | +13.1% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.03 | 0.06 | 0.07 | 0.08 | +13.1% | |
| EPS, diluted (per share) | 0.03 | 0.06 | 0.07 | 0.08 | +13.1% | |
| EBITDA | 10.4 | 18.6 | 25.4 | 29.7 | +17.0% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.9 | 1.1 | +20.7% | |
| Weighted average shares (shares) | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | +0.0% | |
| Weighted average diluted shares (shares) | 250,000,000 | 250,000,000 | 250,000,000 | 250,000,000 | +0.0% | |
| Gross margin | 38.8% | 43.6% | 46.9% | 45.0% | −1.9 pts | |
| Operating margin | 28.4% | 29.5% | 28.9% | 27.8% | −1.1 pts | |
| Net margin | 23.4% | 22.7% | 21.7% | 19.7% | −1.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
