| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25.4 | 25.3 | 24.9 | 31.9 | 14.8 | 16.6 | +11.8% | |
| Cost of revenue | 20.1 | 19.3 | 19.7 | 23.0 | 11.1 | 10.2 | −8.1% | |
| Gross profit | 5.3 | 5.9 | 5.3 | 8.9 | 3.7 | 6.4 | +71.1% | |
| Research & development | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 7.7 | 7.5 | 7.9 | 8.4 | 5.4 | 6.3 | +17.4% | |
| Selling & marketing | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 26.3 | 10.5 | 9.0 | 9.7 | 6.1 | 7.1 | +16.6% | |
| Operating income | (21.0) | (4.6) | (3.7) | (0.7) | (2.4) | (0.7) | +68.7% | |
| Interest expense | 0.6 | 0.5 | 0.3 | 0.4 | 0.3 | 0.1 | −77.6% | |
| Interest income | 0.4 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 1.0 | (0.4) | (0.3) | (0.4) | (0.3) | (0.1) | +77.6% | |
| Pre-tax income | (20.0) | (5.0) | (4.0) | (1.1) | (2.7) | (0.8) | +69.6% | |
| Income tax | (1.1) | (0.8) | 0.1 | (0.4) | (0.3) | (0.2) | +39.2% | |
| Net income | (18.9) | (4.2) | (4.0) | (0.7) | (2.4) | (0.4) | +85.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | 0.3 | +385.9% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (1.02) | (0.15) | (0.13) | (0.02) | (0.06) | (0.01) | +85.7% | |
| EPS, diluted (per share) | (1.02) | (0.15) | (0.13) | (0.02) | (0.06) | (0.01) | +84.9% | |
| EBITDA | (15.7) | (2.6) | (1.9) | 0.1 | (1.6) | 0.1 | +103.7% | |
| Depreciation & amortization | 3.7 | 1.9 | 1.8 | 0.8 | 0.8 | 0.8 | +7.4% | |
| Weighted average shares (shares) | 18,595,165 | 28,463,119 | 31,067,163 | 37,400,000 | 38,667,000 | 38,667,000 | +0.0% | |
| Weighted average diluted shares (shares) | 18,595,165 | 28,463,119 | 31,067,163 | 37,400,000 | 40,793,000 | 40,663,000 | −0.3% | |
| Gross margin | 21.1% | 23.5% | 21.1% | 28.0% | 25.2% | 38.5% | +13.3 pts | |
| Operating margin | −82.5% | −18.1% | −14.8% | −2.2% | −16.1% | −4.5% | +11.6 pts | |
| Net margin | −74.3% | −16.6% | −16.2% | −2.1% | −16.4% | −2.1% | +14.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
