| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 55.9 | 63.1 | 75.1 | 80.2 | 76.8 | 73.4 | −4.4% | |
| Cost of revenue | 31.2 | 32.7 | 7.2 | 61.1 | 64.0 | 58.7 | −8.2% | |
| Gross profit | 24.7 | 30.4 | 68.8 | 19.1 | 12.8 | 14.6 | +14.1% | |
| Research & development | 0.9 | 0.2 | 1.1 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 25.2 | 12.0 | 12.5 | (10.9) | 6.2 | 11.3 | +83.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 27.6 | 12.2 | 13.4 | 22.8 | 6.2 | 11.5 | +85.5% | |
| Operating income | (2.9) | (5.1) | (6.0) | (0.3) | 6.6 | 3.1 | −52.7% | |
| Interest expense | 0.9 | 0.9 | 1.4 | 2.2 | 2.1 | 2.2 | +0.7% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | −8.8% | |
| Other income / expense | (1.0) | (0.6) | (1.3) | (2.3) | (7.5) | (15.2) | −103.6% | |
| Pre-tax income | (3.9) | (5.7) | (7.3) | (2.6) | (2.3) | (12.1) | −423.5% | |
| Income tax | (0.2) | 1.2 | 0.2 | 1.7 | 1.3 | 2.0 | +49.8% | |
| Net income | (3.7) | (7.0) | (7.5) | (4.2) | (3.6) | (14.0) | −284.7% | |
| Discontinued operations | 0.2 | 0.0 | 0.0 | 0.2 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | +100.0% | |
| EPS, basic (per share) | (0.05) | (0.09) | (0.07) | (0.03) | (0.03) | (0.10) | −275.9% | |
| EPS, diluted (per share) | (0.05) | (0.09) | (0.07) | (0.03) | (0.03) | (0.10) | −275.9% | |
| EBITDA | 1.8 | 0.3 | 0.9 | 6.6 | 6.6 | 7.7 | +16.0% | |
| Depreciation & amortization | 4.8 | 5.1 | 6.7 | 6.9 | 6.8 | 4.6 | −32.7% | |
| Weighted average shares (shares) | 81,571,242 | 82,627,526 | 108,951,516 | 128,569,723 | 136,866,420 | 138,601,714 | +1.3% | |
| Weighted average diluted shares (shares) | 81,571,242 | 82,627,526 | 108,951,516 | 128,569,723 | 136,866,420 | 138,601,714 | +1.3% | |
| Gross margin | 44.2% | 48.2% | 91.6% | 23.8% | 16.7% | 19.9% | +3.2 pts | |
| Operating margin | −5.1% | −8.0% | −7.9% | −0.3% | 8.6% | 4.3% | −4.4 pts | |
| Net margin | −6.6% | −11.1% | −9.9% | −5.2% | −4.7% | −19.1% | −14.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
