| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 266.9 | 240.3 | 249.0 | 267.8 | 271.7 | 388.7 | +43.1% | |
| Cost of revenue | 70.3 | 52.3 | 56.5 | 72.5 | 79.0 | 188.8 | +139.0% | |
| Gross profit | 196.6 | 188.0 | 192.5 | 195.3 | 192.7 | 199.9 | +3.7% | |
| Research & development | (0.0) | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 47.9 | 39.3 | 35.4 | 39.1 | 41.2 | 39.1 | −5.1% | |
| Selling & marketing | 10.1 | 2.2 | (1.0) | 1.7 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 50.9 | 35.0 | 28.8 | 622.4 | 36.3 | 40.0 | +10.2% | |
| Operating income | 145.7 | 153.0 | 163.7 | (428.9) | 156.4 | 159.9 | +2.2% | |
| Interest expense | 40.2 | 40.1 | 46.7 | 36.8 | 36.6 | 50.5 | +38.0% | |
| Interest income | 0.2 | 23.3 | 0.3 | 0.9 | (3.0) | 2.1 | +170.0% | |
| Other income / expense | (33.8) | (39.1) | (41.2) | (47.0) | (40.4) | 1.6 | +104.0% | |
| Pre-tax income | (83.0) | 266.4 | (272.2) | (475.9) | 116.0 | 161.5 | +39.2% | |
| Income tax | (1.6) | (1.3) | 1.0 | 0.5 | 0.1 | 0.4 | +300.0% | |
| Net income | (77.6) | 252.3 | (280.5) | (476.4) | 115.9 | 161.1 | +39.0% | |
| 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) | (0.69) | 2.25 | (2.50) | (4.24) | 1.03 | 1.44 | +39.8% | |
| EPS, diluted (per share) | (0.69) | 2.24 | (2.50) | (4.24) | 1.03 | 1.44 | +39.8% | |
| EBITDA | (55.5) | 277.1 | (242.4) | (438.0) | 152.5 | 212.8 | +39.5% | |
| Depreciation & amortization | 0.7 | 0.9 | 1.0 | 1.1 | 1.0 | 0.8 | −20.0% | |
| Weighted average shares (shares) | 111,912,000 | 112,139,000 | 112,270,000 | 112,291,010 | 112,600,796 | 112,241,000 | −0.3% | |
| Weighted average diluted shares (shares) | 111,912,000 | 112,412,000 | 112,270,000 | 112,291,000 | 112,600,000 | 112,254,000 | −0.3% | |
| Gross margin | 73.7% | 78.2% | 77.3% | 72.9% | 70.9% | 51.4% | −19.5 pts | |
| Operating margin | 54.6% | 63.7% | 65.7% | −160.2% | 57.6% | 41.1% | −16.4 pts | |
| Net margin | −29.1% | 105.0% | −112.7% | −177.9% | 42.7% | 41.4% | −1.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
