| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 93.6 | 126.5 | 140.3 | 147.1 | 163.9 | 172.5 | +5.2% | |
| Cost of revenue | 45.7 | 61.5 | 62.8 | 53.9 | 59.1 | 79.3 | +34.3% | |
| Gross profit | 47.8 | 65.0 | 77.6 | 93.2 | 104.9 | 93.2 | −11.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.0 | 1.6 | 0.3 | 1.0 | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 51.1 | 55.9 | 63.7 | 83.5 | 85.1 | 73.8 | −13.2% | |
| Operating income | 0.8 | 7.6 | 13.8 | 9.8 | 19.8 | 19.4 | −2.2% | |
| Interest expense | 2.3 | 2.0 | 2.0 | 2.3 | 2.9 | 3.1 | +8.3% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.4 | 0.3 | 0.3 | +15.2% | |
| Other income / expense | (2.2) | (2.0) | (1.9) | (1.9) | (2.3) | (2.4) | −5.5% | |
| Pre-tax income | (1.4) | 5.6 | 11.9 | 7.9 | 17.5 | 16.9 | −3.3% | |
| Income tax | 1.8 | 6.9 | 2.4 | 2.4 | 3.5 | 4.1 | +16.8% | |
| Net income | (3.2) | (6.2) | 9.1 | 5.5 | 14.0 | 12.8 | −8.3% | |
| Discontinued operations | 0.0 | (4.8) | (0.4) | 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) | (0.01) | (0.02) | 0.03 | 0.02 | 0.05 | 0.04 | −7.6% | |
| EPS, diluted (per share) | (0.01) | (0.02) | 0.03 | 0.02 | 0.05 | 0.04 | −7.3% | |
| EBITDA | 13.7 | 22.7 | 27.6 | 24.9 | 35.9 | 37.2 | +3.7% | |
| Depreciation & amortization | 12.8 | 13.6 | 13.7 | 14.7 | 15.5 | 17.2 | +11.0% | |
| Weighted average shares (shares) | 313,816,658 | 324,045,184 | 314,818,812 | 302,039,983 | 302,867,437 | 300,801,699 | −0.7% | |
| Weighted average diluted shares (shares) | 313,816,658 | 324,045,184 | 320,643,210 | 314,917,887 | 309,766,575 | 306,775,000 | −1.0% | |
| Gross margin | 51.1% | 51.4% | 55.3% | 63.4% | 64.0% | 54.0% | −10.0 pts | |
| Operating margin | 0.9% | 6.0% | 9.8% | 6.7% | 12.1% | 11.2% | −0.9 pts | |
| Net margin | −3.4% | −4.9% | 6.5% | 3.7% | 8.5% | 7.4% | −1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
