| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 677.9 | 786.6 | 913.6 | 657.5 | 618.2 | 610.8 | −1.2% | |
| Cost of revenue | 570.2 | 643.2 | 821.8 | 556.9 | 689.8 | 525.5 | −23.8% | |
| Gross profit | 107.7 | 143.4 | 91.8 | 100.6 | (71.6) | 85.3 | +219.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 60.7 | 49.6 | 53.4 | 55.0 | 60.8 | 55.1 | −9.4% | |
| Selling & marketing | 8.3 | 1.8 | 1.7 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 60.7 | 49.6 | 53.4 | 70.7 | 57.1 | 52.4 | −8.2% | |
| Operating income | 47.0 | 93.8 | 38.4 | 29.9 | (128.7) | 32.9 | +125.6% | |
| Interest expense | 13.6 | 11.6 | 10.2 | 13.6 | 12.8 | 14.0 | +9.4% | |
| Interest income | 3.4 | 3.4 | 2.8 | 3.5 | 3.4 | 3.4 | +0.0% | |
| Other income / expense | (11.7) | (6.9) | (5.6) | (6.8) | (15.0) | (30.0) | −100.0% | |
| Pre-tax income | (13.5) | 86.9 | 32.8 | 23.1 | (143.7) | 2.9 | +102.0% | |
| Income tax | (2.8) | 16.0 | 6.4 | 5.2 | (40.2) | 0.7 | +101.7% | |
| Net income | (10.7) | 70.9 | 26.4 | 17.9 | (103.5) | 2.2 | +102.1% | |
| 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 | (0.1) | 0.0 | +100.0% | |
| EPS, basic (per share) | (0.04) | 0.28 | 0.10 | 0.07 | (0.40) | 0.01 | +102.2% | |
| EPS, diluted (per share) | (0.04) | 0.28 | 0.10 | 0.07 | (0.40) | 0.01 | +102.1% | |
| EBITDA | 7.7 | 120.6 | 145.8 | 39.5 | (122.8) | 23.0 | +118.7% | |
| Depreciation & amortization | 7.1 | 3.4 | 2.3 | 2.8 | 2.7 | 3.8 | +40.7% | |
| Weighted average shares (shares) | 256,821,244 | 256,786,983 | 256,405,006 | 256,131,621 | 256,367,618 | 256,532,825 | +0.1% | |
| Weighted average diluted shares (shares) | 256,821,244 | 257,836,663 | 257,725,381 | 256,726,383 | 257,975,665 | 257,777,739 | −0.1% | |
| Gross margin | 15.9% | 18.2% | 10.0% | 15.3% | −11.6% | 14.0% | +25.5 pts | |
| Operating margin | 6.9% | 11.9% | 4.2% | 4.5% | −20.8% | 5.4% | +26.2 pts | |
| Net margin | −1.6% | 9.0% | 2.9% | 2.7% | −16.7% | 0.4% | +17.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
