| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 896.5 | 301.7 | 337.9 | 316.3 | 302.4 | 302.0 | −0.1% | |
| Cost of revenue | 377.6 | 402.1 | 101.6 | 227.2 | 80.5 | 157.6 | +95.8% | |
| Gross profit | 518.9 | 26.4 | 236.3 | 89.1 | 221.9 | 144.4 | −34.9% | |
| Research & development | 3.2 | 2.1 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 125.9 | 55.4 | 66.0 | 86.7 | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 50.7 | 55.4 | 247.6 | 130.9 | 207.3 | 123.4 | −40.5% | |
| Operating income | 11.6 | 7.7 | 14.8 | 10.9 | 14.6 | 21.0 | +43.8% | |
| Interest expense | 14.7 | 13.6 | 22.3 | 7.8 | 9.7 | 9.6 | −1.0% | |
| Interest income | 1.2 | 0.2 | 1.5 | 3.5 | 0.8 | 0.3 | −62.5% | |
| Other income / expense | (15.7) | (14.8) | (17.8) | (2.5) | (8.9) | (20.5) | −130.3% | |
| Pre-tax income | (4.1) | (7.1) | (29.1) | 8.4 | 5.7 | 0.5 | −91.2% | |
| Income tax | (2.6) | (2.2) | 2.0 | 2.6 | (5.9) | (1.6) | +72.9% | |
| Net income | (3.3) | 26.9 | (35.3) | 5.4 | 10.6 | 2.1 | −80.2% | |
| Discontinued operations | 0.0 | 33.2 | (152.7) | (0.4) | (1.0) | 0.0 | +100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.01) | (0.02) | (0.12) | 0.02 | 0.04 | 0.01 | −80.0% | |
| EPS, diluted (per share) | (0.01) | (0.02) | (0.12) | 0.02 | 0.04 | 0.01 | −80.1% | |
| EBITDA | 104.5 | 35.4 | 20.2 | 39.6 | 44.8 | 49.9 | +11.4% | |
| Depreciation & amortization | 74.4 | 28.9 | 27.0 | 31.2 | 29.4 | 28.9 | −1.7% | |
| Weighted average shares (shares) | 272,700,000 | 301,000,000 | 301,100,000 | 294,600,000 | 287,300,000 | 285,700,000 | −0.6% | |
| Weighted average diluted shares (shares) | 272,700,000 | 301,000,000 | 301,100,000 | 297,000,000 | 289,700,000 | 288,300,000 | −0.5% | |
| Gross margin | 57.9% | 8.8% | 69.9% | 28.2% | 73.4% | 47.8% | −25.6 pts | |
| Operating margin | 1.3% | 2.6% | 4.4% | 3.4% | 4.8% | 7.0% | +2.1 pts | |
| Net margin | −0.4% | 8.9% | −10.4% | 1.7% | 3.5% | 0.7% | −2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
