| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.2 | 49.0 | 78.8 | 90.9 | 107.2 | 116.6 | +8.8% | |
| Cost of revenue | 19.7 | 29.9 | 40.1 | 32.7 | 38.1 | 54.7 | +43.6% | |
| Gross profit | 4.6 | 19.2 | 38.8 | 58.1 | 54.2 | 61.9 | +14.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 22.5 | 27.7 | 38.1 | 57.8 | 54.0 | 80.8 | +49.6% | |
| Selling & marketing | (11.6) | (11.6) | (12.4) | 0.9 | 0.9 | 0.0 | −100.0% | |
| Operating expenses | 22.5 | 27.7 | 38.1 | 58.2 | 72.4 | 61.1 | −15.7% | |
| Operating income | (18.0) | (8.5) | 0.4 | (0.1) | 0.2 | 0.8 | +304.9% | |
| Interest expense | 2.9 | 3.3 | 3.9 | 5.5 | 6.8 | 7.2 | +5.5% | |
| Interest income | 0.0 | 0.0 | 3.9 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (2.9) | (3.3) | (3.9) | (5.4) | (10.4) | (11.0) | −5.6% | |
| Pre-tax income | (21.8) | (5.4) | (3.5) | (5.5) | (10.2) | (10.2) | +0.3% | |
| Income tax | (1.7) | 0.0 | 11.5 | (2.8) | (1.7) | 0.2 | +109.8% | |
| Net income | (20.1) | (5.4) | (3.5) | (2.7) | (8.5) | (10.3) | −21.2% | |
| 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) | (0.24) | (0.06) | (0.04) | (0.03) | (0.09) | (0.11) | −17.5% | |
| EPS, diluted (per share) | (0.24) | (0.06) | (0.04) | (0.03) | (0.09) | (0.11) | −17.5% | |
| EBITDA | (8.3) | 9.6 | 12.0 | 13.1 | 11.5 | 15.8 | +37.3% | |
| Depreciation & amortization | 10.5 | 11.7 | 11.7 | 13.2 | 14.9 | 15.0 | +0.6% | |
| Weighted average shares (shares) | 85,372,000 | 91,129,000 | 91,178,000 | 91,081,081 | 91,178,000 | 91,181,000 | +0.0% | |
| Weighted average diluted shares (shares) | 85,372,000 | 91,129,000 | 91,178,000 | 91,178,000 | 91,178,000 | 91,181,000 | +0.0% | |
| Gross margin | 18.8% | 39.1% | 49.2% | 64.0% | 50.6% | 53.1% | +2.5 pts | |
| Operating margin | −74.2% | −17.4% | 0.5% | −0.1% | 0.2% | 0.7% | +0.5 pts | |
| Net margin | −83.1% | −11.1% | −4.4% | −3.0% | −8.0% | −8.9% | −0.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
