| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135.2 | 171.3 | 188.8 | 199.6 | 204.5 | 209.1 | +2.2% | |
| Cost of revenue | 43.3 | 50.4 | 54.3 | 56.0 | 62.1 | 63.5 | +2.3% | |
| Gross profit | 91.9 | 120.9 | 134.5 | 143.6 | 142.4 | 145.6 | +2.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 18.6 | 20.8 | 21.0 | 15.2 | 15.8 | 15.0 | −4.6% | |
| Selling & marketing | 6.4 | 6.5 | 6.5 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 10.4 | 14.0 | 14.5 | 15.2 | 15.8 | 15.0 | −4.6% | |
| Operating income | 81.5 | 107.0 | 120.0 | 128.4 | 126.6 | 130.5 | +3.1% | |
| Interest expense | 8.0 | 10.6 | 16.9 | 22.9 | 15.9 | 13.6 | −14.9% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 | +11.2% | |
| Other income / expense | (4.9) | (5.5) | (44.7) | 112.6 | 77.2 | (4.3) | −105.6% | |
| Pre-tax income | 262.7 | 695.2 | 75.3 | 241.0 | 203.9 | 126.2 | −38.1% | |
| Income tax | 0.6 | (1.6) | 2.0 | 1.2 | 2.0 | 1.3 | −33.8% | |
| Net income | 265.2 | 697.3 | 73.3 | 239.8 | 201.9 | 124.9 | −38.1% | |
| 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) | 1.52 | 3.85 | 0.40 | 1.27 | 1.03 | 0.64 | −37.9% | |
| EPS, diluted (per share) | 1.52 | 3.84 | 0.40 | 1.26 | 1.03 | 0.63 | −38.8% | |
| EBITDA | 272.8 | 708.3 | 122.5 | 266.6 | 222.3 | 142.2 | −36.1% | |
| Depreciation & amortization | 2.1 | 2.5 | 2.5 | 2.6 | 2.5 | 2.4 | −5.6% | |
| Weighted average shares (shares) | 174,100,000 | 180,900,000 | 183,000,000 | 188,700,000 | 195,600,000 | 195,900,000 | +0.2% | |
| Weighted average diluted shares (shares) | 174,700,000 | 181,500,000 | 184,100,000 | 189,800,000 | 196,400,000 | 196,900,000 | +0.3% | |
| Gross margin | 68.0% | 70.6% | 71.2% | 71.9% | 69.6% | 69.6% | −0.0 pts | |
| Operating margin | 60.3% | 62.4% | 63.6% | 64.3% | 61.9% | 62.4% | +0.5 pts | |
| Net margin | 196.1% | 407.0% | 38.8% | 120.1% | 98.7% | 59.7% | −39.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
