| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 100.0 | 121.3 | 142.1 | 146.3 | 183.0 | 253.8 | +38.7% | |
| Cost of revenue | 53.3 | 67.3 | 80.3 | 104.8 | 106.0 | 130.5 | +23.1% | |
| Gross profit | 46.7 | 54.1 | 61.8 | 41.5 | 77.0 | 137.0 | +77.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 8.5 | 8.9 | 12.5 | 18.5 | 16.9 | 21.5 | +27.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 5.7 | 11.5 | 15.3 | 26.3 | 33.3 | 23.9 | −28.4% | |
| Operating income | 40.7 | 38.4 | 40.3 | 15.2 | 43.7 | 113.3 | +159.3% | |
| Interest expense | 0.4 | 0.4 | 0.7 | 3.0 | 3.1 | 3.5 | +12.1% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.0 | 0.7 | 0.5 | −32.5% | |
| Other income / expense | (0.3) | (0.4) | (0.6) | (3.0) | (3.1) | (6.7) | −113.8% | |
| Pre-tax income | 40.4 | 38.0 | 39.6 | 12.2 | 40.5 | 106.4 | +162.5% | |
| Income tax | 15.2 | 14.9 | 16.8 | 12.8 | 17.5 | 39.0 | +123.1% | |
| Net income | 20.8 | 18.4 | 17.9 | (4.2) | 17.9 | 55.2 | +208.1% | |
| 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) | 1.73 | 1.49 | 1.36 | (0.26) | 0.91 | 2.83 | +211.0% | |
| EPS, diluted (per share) | 1.73 | 1.48 | 1.35 | (0.26) | 0.91 | 2.83 | +211.0% | |
| EBITDA | 45.4 | 46.4 | 50.4 | 29.7 | 43.7 | 126.1 | +188.7% | |
| Depreciation & amortization | 4.6 | 8.0 | 10.1 | 14.5 | 16.0 | 16.0 | −0.2% | |
| Weighted average shares (shares) | 11,703,530 | 12,170,285 | 12,830,820 | 17,491,667 | 19,626,096 | 19,512,000 | −0.6% | |
| Weighted average diluted shares (shares) | 11,716,703 | 12,177,218 | 12,837,302 | 17,491,667 | 19,626,096 | 19,512,000 | −0.6% | |
| Gross margin | 46.7% | 44.6% | 43.5% | 28.4% | 42.1% | 54.0% | +11.9 pts | |
| Operating margin | 40.7% | 31.6% | 28.3% | 10.4% | 23.9% | 44.6% | +20.8 pts | |
| Net margin | 20.8% | 15.2% | 12.6% | −2.9% | 9.8% | 21.7% | +11.9 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.
