| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 56.4 | 69.2 | 63.8 | 82.7 | 99.3 | 131.5 | +32.5% | |
| Cost of revenue | 29.3 | 5.7 | 1.8 | 2.1 | 2.4 | 85.7 | +3443.0% | |
| Gross profit | 27.1 | 63.4 | 62.0 | 80.7 | 96.9 | 45.8 | −52.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 7.2 | 9.8 | 10.1 | 14.9 | 24.0 | 23.7 | −1.3% | |
| Selling & marketing | 0.3 | 0.4 | 1.2 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 22.7 | 58.3 | 52.7 | 71.0 | 90.7 | 23.7 | −73.9% | |
| Operating income | (16.7) | 10.8 | 9.6 | 9.7 | 6.2 | 22.1 | +259.1% | |
| Interest expense | 0.8 | 0.8 | 0.7 | 0.2 | 0.2 | 0.3 | +45.1% | |
| Interest income | 0.1 | 0.0 | 0.2 | 1.9 | 3.7 | 3.8 | +3.9% | |
| Other income / expense | (0.6) | (0.9) | (5.2) | 1.7 | 0.0 | (2.1) | −7209.4% | |
| Pre-tax income | (17.3) | 9.9 | 4.1 | 11.4 | 6.2 | 20.0 | +222.9% | |
| Income tax | 1.5 | (1.8) | (0.2) | 1.3 | 2.4 | 7.4 | +209.3% | |
| Net income | (18.8) | 6.3 | 28.9 | 10.1 | 3.8 | 12.5 | +231.5% | |
| Discontinued operations | 0.0 | (5.5) | 24.6 | 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) | (0.07) | 0.02 | 0.01 | 0.03 | 0.01 | 0.04 | +237.6% | |
| EPS, diluted (per share) | (0.07) | 0.02 | 0.09 | 0.03 | 0.01 | 0.04 | +215.2% | |
| EBITDA | (10.7) | 18.1 | 10.6 | 19.2 | 14.3 | 31.5 | +119.9% | |
| Depreciation & amortization | 5.9 | 7.5 | 5.9 | 7.6 | 7.9 | 9.3 | +18.3% | |
| Weighted average shares (shares) | 273,836,772 | 293,975,346 | 298,275,521 | 297,942,357 | 300,389,412 | 296,700,221 | −1.2% | |
| Weighted average diluted shares (shares) | 273,836,772 | 302,866,957 | 309,530,266 | 313,280,107 | 316,958,753 | 318,181,577 | +0.4% | |
| Gross margin | 48.1% | 91.7% | 97.2% | 97.5% | 97.6% | 34.8% | −62.7 pts | |
| Operating margin | −29.6% | 15.6% | 15.1% | 11.7% | 6.2% | 16.8% | +10.6 pts | |
| Net margin | −33.3% | 9.1% | 45.3% | 12.2% | 3.8% | 9.5% | +5.7 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.
