| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 29.6 | 37.6 | 50.2 | 55.2 | 50.3 | 49.7 | −1.2% | |
| Cost of revenue | 9.5 | 12.1 | 15.1 | 16.2 | 16.1 | 16.9 | +5.0% | |
| Gross profit | 20.1 | 25.5 | 35.1 | 39.0 | 34.2 | 32.9 | −4.0% | |
| Research & development | 1.3 | 1.8 | 1.8 | 2.3 | 2.3 | 3.5 | +51.9% | |
| Selling, general & administrative | 7.3 | 8.3 | 13.8 | 22.2 | 32.0 | 55.9 | +74.5% | |
| Selling & marketing | 0.0 | (4.5) | (2.0) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 7.3 | 10.2 | 15.6 | 22.2 | 32.0 | 55.9 | +74.5% | |
| Operating income | 12.7 | 13.8 | 19.5 | 16.8 | 2.2 | (23.0) | −1136.7% | |
| Interest expense | 0.6 | 0.0 | 0.0 | 0.1 | 0.3 | 0.1 | −48.6% | |
| Interest income | 0.0 | 0.0 | 0.4 | 2.7 | 3.5 | 2.7 | −23.6% | |
| Other income / expense | (0.1) | (0.1) | 0.4 | 2.6 | 3.2 | 2.5 | −21.7% | |
| Pre-tax income | 12.7 | 13.7 | 21.0 | 19.4 | 5.5 | (20.5) | −475.9% | |
| Income tax | 1.2 | 0.9 | 1.0 | 1.8 | 3.0 | 2.7 | −10.8% | |
| Net income | 11.2 | 12.8 | 20.0 | 17.6 | 2.4 | (23.2) | −1057.3% | |
| 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 | 0.04 | 0.07 | 0.06 | 0.01 | (0.08) | −1052.4% | |
| EPS, diluted (per share) | 0.04 | 0.04 | 0.07 | 0.06 | 0.01 | (0.08) | −1100.0% | |
| EBITDA | 15.7 | 16.9 | 24.9 | 24.7 | 12.0 | (13.8) | −215.5% | |
| Depreciation & amortization | 3.0 | 3.1 | 3.8 | 5.2 | 6.3 | 6.5 | +3.7% | |
| Weighted average shares (shares) | 288,475,082 | 288,505,082 | 289,950,953 | 290,115,056 | 289,397,059 | 289,727,518 | +0.1% | |
| Weighted average diluted shares (shares) | 288,475,082 | 288,505,082 | 306,751,342 | 309,955,524 | 304,523,827 | 289,727,518 | −4.9% | |
| Gross margin | 67.8% | 67.7% | 70.0% | 70.7% | 68.1% | 66.1% | −2.0 pts | |
| Operating margin | 43.1% | 36.6% | 38.9% | 30.4% | 4.4% | −46.3% | −50.7 pts | |
| Net margin | 37.7% | 34.0% | 39.8% | 31.8% | 4.8% | −46.6% | −51.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
