| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 102.5 | 115.1 | 133.2 | 151.6 | 167.5 | 192.1 | +14.7% | |
| Cost of revenue | 158.0 | 54.5 | 72.6 | 82.0 | 77.9 | 112.0 | +43.9% | |
| Gross profit | (55.5) | 60.6 | 60.5 | 69.6 | 89.6 | 80.0 | −10.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 12.6 | 12.3 | 15.0 | 14.6 | 17.0 | 15.4 | −9.7% | |
| Selling & marketing | 0.0 | 0.0 | 1.8 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 105.4 | 12.3 | 13.2 | (18.6) | 17.0 | 13.9 | −18.2% | |
| Operating income | (73.7) | 48.4 | 47.3 | 88.2 | 72.6 | 66.1 | −8.9% | |
| Interest expense | 27.8 | 17.7 | 17.4 | 29.8 | 22.1 | 15.3 | −30.8% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | 0.0 | −90.8% | |
| Other income / expense | (49.3) | (15.4) | (20.2) | (43.3) | (29.4) | (29.6) | −0.6% | |
| Pre-tax income | (123.0) | 32.9 | 27.1 | 44.9 | 43.2 | 36.5 | −15.5% | |
| Income tax | 1.3 | 1.7 | 1.7 | 2.9 | 4.9 | 16.6 | +238.1% | |
| Net income | (124.3) | 31.0 | 25.3 | 41.3 | 38.0 | 19.3 | −49.2% | |
| 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) | (0.23) | 0.04 | 0.02 | 0.04 | 0.04 | 0.02 | −52.6% | |
| EPS, diluted (per share) | (0.23) | 0.04 | 0.02 | 0.04 | 0.03 | 0.02 | −50.4% | |
| EBITDA | 44.8 | 81.3 | 76.5 | 106.8 | 101.4 | 115.2 | +13.6% | |
| Depreciation & amortization | 25.8 | 30.7 | 31.9 | 32.2 | 36.2 | 49.1 | +35.9% | |
| Weighted average shares (shares) | 529,560,457 | 691,661,000 | 1,016,415,000 | 1,016,415,000 | 1,050,932,000 | 1,131,485,000 | +7.7% | |
| Weighted average diluted shares (shares) | 529,560,730 | 695,753,000 | 1,024,124,000 | 1,055,002,999 | 1,120,919,000 | 1,150,061,000 | +2.6% | |
| Gross margin | −54.2% | 52.7% | 45.5% | 45.9% | 53.5% | 41.7% | −11.8 pts | |
| Operating margin | −72.0% | 42.0% | 35.5% | 58.2% | 43.3% | 34.4% | −8.9 pts | |
| Net margin | −121.3% | 26.9% | 19.0% | 27.3% | 22.7% | 10.0% | −12.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
