| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.1 | 20.5 | 18.3 | 31.7 | 40.3 | 45.9 | +13.8% | |
| Cost of revenue | 11.9 | 10.4 | 11.0 | 16.0 | 20.3 | 24.6 | +21.1% | |
| Gross profit | 9.3 | 10.0 | 7.3 | 15.6 | 17.4 | 21.2 | +22.2% | |
| Research & development | 2.0 | 1.7 | 1.1 | 7.1 | 2.6 | 1.8 | −29.3% | |
| Selling, general & administrative | 3.4 | 4.3 | 5.8 | 12.0 | 9.9 | 12.1 | +22.6% | |
| Selling & marketing | 3.3 | 1.9 | 3.7 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 5.4 | 6.0 | 6.9 | 12.0 | 14.8 | 14.0 | −5.6% | |
| Operating income | 2.9 | 3.5 | 0.5 | 3.7 | 4.9 | 7.3 | +48.5% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +34.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | +99.7% | |
| Other income / expense | (0.1) | (0.1) | (0.1) | (0.2) | 0.3 | (0.7) | −362.5% | |
| Pre-tax income | 2.8 | 3.5 | 0.4 | 3.5 | 5.2 | 6.5 | +25.8% | |
| Income tax | 0.1 | 0.6 | (0.6) | (0.4) | 0.5 | 1.5 | +205.8% | |
| Net income | 2.7 | 2.8 | 1.0 | 3.9 | 4.7 | 5.1 | +7.6% | |
| 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) | 0.04 | 0.04 | 0.01 | 0.05 | 0.05 | 0.06 | +6.7% | |
| EPS, diluted (per share) | 0.04 | 0.04 | 0.01 | 0.05 | 0.05 | 0.06 | +7.7% | |
| EBITDA | 5.0 | 4.9 | 2.1 | 5.9 | 7.9 | 10.5 | +33.2% | |
| Depreciation & amortization | 2.1 | 1.4 | 1.6 | 2.3 | 2.6 | 3.2 | +24.0% | |
| Weighted average shares (shares) | 73,253,120 | 73,363,490 | 73,363,490 | 77,833,759 | 85,676,344 | 86,390,532 | +0.8% | |
| Weighted average diluted shares (shares) | 73,564,771 | 73,363,490 | 73,363,490 | 79,903,733 | 90,782,737 | 90,720,827 | −0.1% | |
| Gross margin | 43.9% | 49.0% | 39.7% | 49.4% | 43.1% | 46.3% | +3.2 pts | |
| Operating margin | 13.8% | 17.3% | 2.7% | 11.6% | 12.1% | 15.8% | +3.7 pts | |
| Net margin | 13.0% | 13.8% | 5.4% | 12.2% | 11.7% | 11.0% | −0.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
