| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107.6 | 128.6 | 143.4 | 132.7 | 121.2 | 114.2 | −5.8% | |
| Cost of revenue | 82.5 | 100.7 | 117.6 | 60.6 | 47.7 | 0.0 | −100.0% | |
| Gross profit | 25.1 | 27.9 | 25.9 | 72.1 | 73.5 | 0.0 | −100.0% | |
| Research & development | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Selling, general & administrative | 19.5 | 21.6 | 20.8 | 41.9 | 1.7 | 0.0 | −100.0% | |
| Selling & marketing | 18.1 | 20.3 | 19.2 | 40.4 | 0.0 | 0.0 | — | |
| Operating expenses | 49.3 | 61.0 | 73.4 | 70.3 | 66.0 | 95.6 | +44.9% | |
| Operating income | 9.3 | 8.9 | 4.1 | 1.8 | 7.6 | 12.6 | +66.2% | |
| Interest expense | 1.9 | 3.1 | 4.0 | 6.0 | 5.5 | 4.8 | −13.3% | |
| Interest income | 0.0 | 0.1 | 0.2 | 0.4 | 0.6 | 0.0 | −91.9% | |
| Other income / expense | (2.7) | (3.0) | (6.6) | (5.6) | (4.9) | (7.8) | −57.6% | |
| Pre-tax income | 6.7 | 5.9 | (2.5) | (3.8) | 2.7 | 4.8 | +82.2% | |
| Income tax | 0.5 | 0.8 | 1.4 | (0.5) | 1.8 | 2.1 | +20.1% | |
| Net income | 7.4 | 5.8 | (4.0) | (3.3) | 0.9 | 2.7 | +209.1% | |
| Discontinued operations | 1.2 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.08 | 0.07 | (0.05) | (0.04) | 0.01 | 0.04 | +208.4% | |
| EPS, diluted (per share) | 0.08 | 0.07 | (0.05) | (0.04) | 0.01 | 0.04 | +206.8% | |
| EBITDA | 14.5 | 15.3 | 8.8 | 10.1 | 14.7 | 18.6 | +26.6% | |
| Depreciation & amortization | 6.0 | 7.0 | 8.0 | 7.9 | 6.5 | 6.0 | −8.3% | |
| Weighted average shares (shares) | 73,416,116 | 74,000,000 | 73,279,134 | 73,419,193 | 73,419,193 | 73,419,193 | +0.0% | |
| Weighted average diluted shares (shares) | 73,435,167 | 73,744,170 | 73,435,167 | 73,416,116 | 73,965,499 | 74,342,905 | +0.5% | |
| Gross margin | 23.3% | 21.7% | 18.0% | 54.3% | 60.7% | 0.0% | −60.7 pts | |
| Operating margin | 8.7% | 6.9% | 2.9% | 1.3% | 6.3% | 11.0% | +4.8 pts | |
| Net margin | 6.9% | 4.5% | −2.8% | −2.5% | 0.7% | 2.4% | +1.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
