| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 252.1 | 311.1 | 344.3 | 364.4 | 368.5 | 325.0 | −11.8% | |
| Cost of revenue | 135.8 | 180.2 | 225.5 | 255.4 | 230.1 | 217.7 | −5.4% | |
| Gross profit | 116.3 | 130.9 | 118.8 | 109.0 | 138.4 | 107.3 | −22.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 65.0 | 75.3 | 88.2 | 88.2 | 105.6 | 77.6 | −26.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | (8.0) | 0.0 | 0.0 | — | |
| Operating expenses | 65.0 | 75.3 | 88.2 | 88.2 | 105.6 | 77.6 | −26.5% | |
| Operating income | 51.3 | 55.9 | 30.6 | 20.8 | 32.8 | 29.7 | −9.5% | |
| Interest expense | 0.2 | 0.3 | 0.4 | 0.6 | 0.6 | 0.4 | −33.3% | |
| Interest income | 0.5 | 0.3 | 0.8 | 2.0 | 3.3 | 5.8 | +75.8% | |
| Other income / expense | 0.3 | (0.3) | 0.4 | 1.4 | 2.7 | 0.2 | −92.6% | |
| Pre-tax income | 51.6 | 55.6 | 31.0 | 22.2 | 35.5 | 29.9 | −15.8% | |
| Income tax | 9.9 | 11.0 | 6.1 | 6.8 | 11.1 | 7.3 | −34.2% | |
| Net income | 41.7 | 44.6 | 24.9 | 15.4 | 24.4 | 22.6 | −7.4% | |
| 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) | 0.36 | 0.38 | 0.21 | 0.13 | 0.21 | 0.19 | −9.5% | |
| EPS, diluted (per share) | 0.36 | 0.38 | 0.21 | 0.13 | 0.21 | 0.19 | −9.5% | |
| EBITDA | 55.6 | 60.6 | 37.2 | 30.8 | 45.7 | 36.9 | −19.3% | |
| Depreciation & amortization | 3.8 | 4.7 | 5.8 | 8.0 | 9.6 | 7.2 | −25.0% | |
| Weighted average shares (shares) | 116,277,921 | 116,536,876 | 116,556,818 | 116,632,907 | 116,726,190 | 120,336,385 | +3.1% | |
| Weighted average diluted shares (shares) | 116,613,511 | 116,839,233 | 116,779,304 | 116,830,258 | 117,015,373 | 121,401,899 | +3.7% | |
| Gross margin | 46.1% | 42.1% | 34.5% | 29.9% | 37.6% | 33.0% | −4.5 pts | |
| Operating margin | 20.3% | 18.0% | 8.9% | 5.7% | 8.9% | 9.1% | +0.2 pts | |
| Net margin | 16.5% | 14.3% | 7.2% | 4.2% | 6.6% | 7.0% | +0.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
