| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 257.9 | 339.8 | 381.2 | 364.5 | 357.9 | 403.5 | +12.7% | |
| Cost of revenue | 132.1 | 169.6 | 198.5 | 190.7 | 169.6 | 199.5 | +17.6% | |
| Gross profit | 125.8 | 170.2 | 182.7 | 173.8 | 188.3 | 204.0 | +8.3% | |
| Research & development | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Selling, general & administrative | 113.4 | 142.4 | 156.5 | 159.3 | 165.5 | 181.2 | +9.5% | |
| Selling & marketing | 15.8 | 23.0 | 24.3 | 25.3 | 25.7 | 28.0 | +8.9% | |
| Operating expenses | 126.7 | 142.4 | 155.4 | 158.9 | 171.7 | 179.9 | +4.8% | |
| Operating income | 10.3 | 29.7 | 30.2 | 14.5 | 16.6 | 24.1 | +45.2% | |
| Interest expense | 2.2 | 2.0 | 2.6 | 3.2 | 2.8 | 5.1 | +82.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (11.8) | (2.0) | (4.0) | (2.8) | (2.8) | (11.9) | −325.0% | |
| Pre-tax income | (1.5) | 27.7 | 26.2 | 11.7 | 13.8 | 12.2 | −11.6% | |
| Income tax | 0.7 | 6.1 | 4.2 | 2.1 | 3.3 | 2.6 | −21.2% | |
| Net income | (2.2) | 21.1 | 19.7 | 9.6 | 10.5 | 9.6 | −8.6% | |
| Discontinued operations | 0.0 | (0.5) | (2.3) | 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) | (0.02) | 0.19 | 0.18 | 0.09 | 0.10 | 0.10 | −3.3% | |
| EPS, diluted (per share) | (0.02) | 0.19 | 0.17 | 0.09 | 0.10 | 0.09 | −3.2% | |
| EBITDA | 21.1 | 52.4 | 53.0 | 39.6 | 41.9 | 51.5 | +22.9% | |
| Depreciation & amortization | 20.8 | 22.7 | 23.9 | 24.7 | 25.3 | 27.4 | +8.3% | |
| Weighted average shares (shares) | 108,218,827 | 111,709,049 | 112,036,668 | 111,885,083 | 106,455,702 | 100,739,059 | −5.4% | |
| Weighted average diluted shares (shares) | 108,218,827 | 112,219,319 | 112,783,805 | 111,938,534 | 107,795,410 | 101,836,062 | −5.5% | |
| Gross margin | 48.8% | 50.1% | 47.9% | 47.7% | 52.6% | 50.6% | −2.1 pts | |
| Operating margin | 4.0% | 8.7% | 7.9% | 4.0% | 4.6% | 6.0% | +1.3 pts | |
| Net margin | −0.9% | 6.2% | 5.2% | 2.6% | 2.9% | 2.4% | −0.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
