| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 42.2 | 61.3 | 69.2 | 52.3 | 60.4 | 70.6 | +16.9% | |
| Cost of revenue | 54.6 | 58.7 | 64.0 | 37.6 | 58.4 | 63.7 | +9.1% | |
| Gross profit | (12.4) | 2.6 | 5.2 | 14.8 | 2.0 | 70.6 | +3431.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.0 | 0.0 | 45.0 | 42.9 | 47.5 | +10.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 6.7 | 11.5 | 16.4 | 16.9 | 15.5 | 63.7 | +310.7% | |
| Operating income | (5.0) | 5.2 | 5.5 | (1.0) | 2.0 | 6.9 | +244.3% | |
| Interest expense | 1.3 | 1.3 | 1.0 | 1.0 | 1.0 | 0.9 | −6.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — | |
| Other income / expense | (1.3) | (1.3) | (1.0) | (3.3) | (1.0) | (0.9) | +8.2% | |
| Pre-tax income | (6.3) | 3.9 | 4.4 | (4.3) | 1.0 | 6.0 | +473.9% | |
| Income tax | (1.3) | 0.3 | 1.2 | (0.5) | (0.1) | 1.0 | +1196.8% | |
| Net income | (5.1) | 3.6 | 3.2 | (3.8) | 0.5 | 3.4 | +534.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | (0.6) | (1.6) | −158.9% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.19) | 0.14 | 0.12 | (0.15) | 0.02 | 0.13 | +525.0% | |
| EPS, diluted (per share) | (0.19) | 0.13 | 0.12 | (0.15) | 0.02 | 0.13 | +528.0% | |
| EBITDA | (2.8) | 6.9 | 7.3 | (1.3) | 3.9 | 8.8 | +123.8% | |
| Depreciation & amortization | 2.2 | 2.0 | 1.9 | 2.0 | 1.9 | 1.9 | −0.1% | |
| Weighted average shares (shares) | 26,220,000 | 26,071,000 | 26,062,000 | 25,694,000 | 25,827,000 | 25,643,000 | −0.7% | |
| Weighted average diluted shares (shares) | 26,220,000 | 26,800,000 | 26,423,000 | 25,694,000 | 25,957,000 | 25,756,000 | −0.8% | |
| Gross margin | −29.4% | 4.2% | 7.5% | 28.2% | 3.3% | 100.0% | +96.7 pts | |
| Operating margin | −11.9% | 8.5% | 7.9% | −1.9% | 3.3% | 9.7% | +6.4 pts | |
| Net margin | −12.0% | 5.8% | 4.6% | −7.3% | 0.9% | 4.8% | +3.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
