| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 393.8 | 447.7 | 484.6 | 521.7 | 579.4 | 645.8 | +11.5% | |
| Cost of revenue | 215.9 | 246.3 | 264.1 | 285.8 | 279.1 | 337.6 | +21.0% | |
| Gross profit | 177.9 | 201.4 | 220.5 | 235.9 | 300.3 | 308.2 | +2.6% | |
| Research & development | 10.2 | 14.8 | 16.0 | 17.3 | 19.7 | 19.4 | −1.5% | |
| Selling, general & administrative | 72.5 | 117.6 | 139.1 | 151.6 | 210.0 | 190.3 | −9.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 149.8 | 172.0 | 0.0 | −100.0% | |
| Operating expenses | 82.7 | 132.4 | 155.1 | 168.9 | 210.0 | 206.7 | −1.6% | |
| Operating income | 75.7 | 69.0 | 65.4 | 67.0 | 90.3 | 101.5 | +12.4% | |
| Interest expense | 1.1 | 1.2 | 1.3 | 0.9 | 1.8 | 3.8 | +111.1% | |
| Interest income | 0.4 | 0.1 | 0.8 | 5.4 | 7.1 | 1.8 | −74.6% | |
| Other income / expense | (0.7) | (1.8) | (0.5) | 4.5 | 5.3 | (13.8) | −360.4% | |
| Pre-tax income | 75.0 | 67.2 | 64.9 | 71.5 | 95.6 | 87.7 | −8.3% | |
| Income tax | 10.6 | 13.2 | 15.4 | 17.8 | 25.8 | 22.7 | −12.0% | |
| Net income | 64.2 | 53.6 | 49.3 | 53.6 | 69.8 | 64.9 | −7.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | (0.4) | (0.2) | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.68 | 0.56 | 0.51 | 0.55 | 0.72 | 0.69 | −4.2% | |
| EPS, diluted (per share) | 0.67 | 0.55 | 0.51 | 0.55 | 0.72 | 0.70 | −2.8% | |
| EBITDA | 98.7 | 95.5 | 106.0 | 103.3 | 129.7 | 138.5 | +6.8% | |
| Depreciation & amortization | 22.9 | 27.1 | 27.2 | 31.3 | 33.8 | 40.0 | +18.3% | |
| Weighted average shares (shares) | 95,058,880 | 95,894,913 | 96,543,985 | 97,088,798 | 96,573,811 | 93,417,299 | −3.3% | |
| Weighted average diluted shares (shares) | 96,332,747 | 97,061,638 | 97,492,674 | 97,695,351 | 96,982,528 | 93,694,320 | −3.4% | |
| Gross margin | 45.2% | 45.0% | 45.5% | 45.2% | 51.8% | 47.7% | −4.1 pts | |
| Operating margin | 19.2% | 15.4% | 13.5% | 12.8% | 15.6% | 15.7% | +0.1 pts | |
| Net margin | 16.3% | 12.0% | 10.2% | 10.3% | 12.0% | 10.0% | −2.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
