| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 181.1 | 520.2 | 681.1 | 594.1 | 637.1 | 645.4 | +1.3% | |
| Cost of revenue | 143.1 | 433.4 | 568.2 | 488.2 | 515.4 | 543.8 | +5.5% | |
| Gross profit | 38.0 | 86.8 | 112.9 | 105.8 | 121.7 | 101.6 | −16.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 20.6 | 47.2 | 59.6 | 60.8 | 69.7 | 70.8 | +1.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 26.0 | 58.2 | 73.7 | 77.0 | 91.1 | 70.8 | −22.3% | |
| Operating income | 12.0 | 28.3 | 38.7 | 28.8 | 30.6 | 30.8 | +0.7% | |
| Interest expense | 0.8 | 2.2 | 5.3 | 7.0 | 9.6 | 6.0 | −37.9% | |
| Interest income | 0.0 | 0.1 | 0.1 | 0.6 | 0.3 | 0.2 | −56.0% | |
| Other income / expense | (0.8) | (5.4) | (3.6) | (7.4) | (18.9) | (24.5) | −29.8% | |
| Pre-tax income | 11.2 | 18.4 | 34.5 | 21.4 | 11.7 | 6.3 | −46.3% | |
| Income tax | 1.5 | 6.1 | 6.8 | 6.1 | 5.2 | 5.0 | −4.2% | |
| Net income | 9.7 | 12.4 | 27.7 | 15.4 | 6.5 | 1.3 | −80.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.04 | 0.04 | 0.09 | 0.05 | 0.02 | 0.00 | −80.4% | |
| EPS, diluted (per share) | 0.04 | 0.04 | 0.09 | 0.05 | 0.02 | 0.00 | −80.0% | |
| EBITDA | 17.5 | 29.5 | 52.9 | 44.3 | 41.5 | 50.9 | +22.6% | |
| Depreciation & amortization | 5.5 | 9.7 | 13.1 | 15.9 | 20.2 | 20.1 | −0.4% | |
| Weighted average shares (shares) | 230,458,821 | 281,474,903 | 299,439,718 | 303,814,191 | 320,623,575 | 321,784,390 | +0.4% | |
| Weighted average diluted shares (shares) | 231,088,804 | 286,987,553 | 304,843,465 | 309,971,391 | 325,938,582 | 326,763,917 | +0.3% | |
| Gross margin | 21.0% | 16.7% | 16.6% | 17.8% | 19.1% | 15.7% | −3.4 pts | |
| Operating margin | 6.6% | 5.4% | 5.7% | 4.8% | 4.8% | 4.8% | −0.0 pts | |
| Net margin | 5.3% | 2.4% | 4.1% | 2.6% | 1.0% | 0.2% | −0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
