| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83.0 | 90.5 | 142.3 | 159.1 | 166.6 | 166.0 | −0.4% | |
| Cost of revenue | 43.8 | 45.0 | 72.7 | 89.5 | 92.5 | 105.6 | +14.2% | |
| Gross profit | 39.1 | 45.5 | 69.6 | 69.6 | 74.1 | 60.4 | −18.6% | |
| Research & development | 4.0 | 5.3 | 9.3 | 23.8 | 13.5 | 0.0 | −100.0% | |
| Selling, general & administrative | 11.1 | 11.1 | 24.7 | 26.6 | 41.0 | 28.5 | −30.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 13.0 | 16.3 | 37.4 | 69.6 | 50.2 | 25.9 | −48.4% | |
| Operating income | 26.2 | 29.2 | 32.3 | 0.0 | 23.9 | 34.5 | +43.9% | |
| Interest expense | 0.0 | 0.1 | 2.5 | 1.3 | 0.2 | 0.8 | +222.5% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.3 | 1.7 | 2.0 | +19.6% | |
| Other income / expense | 0.1 | (0.1) | (3.6) | (1.1) | 1.4 | 2.0 | +48.6% | |
| Pre-tax income | 26.2 | 29.1 | 28.7 | (1.1) | 25.3 | 36.6 | +44.5% | |
| Income tax | 4.3 | 5.4 | 5.2 | 2.7 | 5.1 | 9.3 | +82.1% | |
| Net income | 21.9 | 23.7 | 23.5 | (3.7) | 20.2 | 27.2 | +34.9% | |
| 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) | 0.17 | 0.18 | 0.16 | (0.03) | 0.14 | 0.19 | +35.7% | |
| EPS, diluted (per share) | 0.17 | 0.18 | 0.16 | (0.03) | 0.14 | 0.19 | +35.7% | |
| EBITDA | 28.5 | 32.7 | 41.3 | 36.3 | 40.8 | 64.4 | +57.8% | |
| Depreciation & amortization | 2.2 | 3.4 | 7.3 | 8.1 | 7.6 | 29.9 | +295.4% | |
| Weighted average shares (shares) | 129,398,375 | 130,002,844 | 142,644,403 | 143,809,466 | 144,215,315 | 144,058,825 | −0.1% | |
| Weighted average diluted shares (shares) | 130,607,624 | 130,146,649 | 143,247,940 | 144,005,551 | 144,250,472 | 144,687,535 | +0.3% | |
| Gross margin | 47.2% | 50.3% | 48.9% | 43.8% | 44.5% | 36.4% | −8.1 pts | |
| Operating margin | 31.5% | 32.3% | 22.7% | 0.0% | 14.4% | 20.8% | +6.4 pts | |
| Net margin | 26.4% | 26.2% | 16.5% | −2.4% | 12.1% | 16.4% | +4.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.