| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 24.4 | 24.9 | 27.7 | 32.9 | 40.7 | 26.2 | −35.6% | |
| Cash & short-term investments | 24.4 | 24.9 | 27.7 | 32.9 | 40.7 | 26.2 | −35.6% | |
| Receivables | 39.9 | 42.5 | 53.7 | 69.4 | 78.1 | 96.4 | +23.4% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 66.8 | 71.0 | 86.0 | 103.1 | 119.2 | 122.6 | +2.9% | |
| Property, plant & equipment | 5.8 | 9.1 | 9.0 | 10.6 | 10.1 | 14.5 | +43.6% | |
| Goodwill & intangibles | 20.0 | 21.1 | 22.2 | 15.9 | 27.7 | 36.3 | +31.0% | |
| Long-term investments | 5.6 | 7.3 | 7.1 | 0.0 | 0.0 | 2.7 | — | |
| Total assets | 83.8 | 93.5 | 108.9 | 130.3 | 157.9 | 176.1 | +11.5% | |
| Payables | 0.9 | 1.6 | 1.9 | 1.8 | 3.7 | 0.0 | −100.0% | |
| Short-term debt | 1.6 | 2.0 | 1.6 | 1.6 | 3.1 | 2.7 | −12.9% | |
| Total current liabilities | 35.4 | 33.5 | 32.5 | 38.5 | 45.7 | 2.7 | −94.1% | |
| Long-term debt | 6.4 | 4.8 | 3.2 | 1.6 | 4.3 | 0.0 | −100.0% | |
| Total debt | 11.6 | 13.1 | 11.3 | 11.3 | 15.1 | 10.3 | −31.8% | |
| Net debt | (12.7) | (11.8) | (16.4) | (21.6) | (25.6) | (15.9) | +37.9% | |
| Deferred revenue | (2.5) | (3.4) | (2.8) | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 51.9 | 49.0 | 45.8 | 52.4 | 63.1 | 64.8 | +2.7% | |
| Total equity | 32.0 | 44.5 | 63.1 | 77.9 | 94.8 | 111.3 | +17.4% | |
| Retained earnings | 12.2 | 21.7 | 29.6 | 39.3 | 51.7 | 67.8 | +31.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
