| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 219.2 | 256.1 | 285.2 | 271.7 | 284.6 | 258.9 | −9.0% | |
| Cost of revenue | 71.3 | 104.6 | 124.1 | 110.8 | 122.5 | 94.1 | −23.2% | |
| Gross profit | 147.9 | 151.5 | 161.1 | 160.9 | 162.1 | 164.8 | +1.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 31.0 | 33.3 | 35.8 | 33.5 | 35.3 | 36.7 | +4.0% | |
| Selling & marketing | 2.3 | 3.1 | 4.0 | 2.8 | 2.3 | 0.0 | −100.0% | |
| Operating expenses | 43.5 | 39.2 | 40.6 | 26.1 | 43.0 | 36.8 | −14.4% | |
| Operating income | 104.4 | 113.8 | 122.2 | 128.4 | 119.1 | 128.0 | +7.5% | |
| Interest expense | 43.3 | 31.6 | 31.1 | 30.8 | 38.3 | 41.2 | +7.6% | |
| Interest income | 0.4 | 0.2 | 1.3 | 2.2 | 3.0 | 2.7 | −10.0% | |
| Other income / expense | (7.6) | 38.3 | 176.9 | (101.0) | (78.5) | (25.4) | +67.6% | |
| Pre-tax income | 100.6 | 151.6 | 299.1 | 27.4 | 40.6 | 102.6 | +152.7% | |
| Income tax | 16.3 | 42.6 | 69.2 | 1.8 | 9.4 | (100.0) | −1163.8% | |
| Net income | 82.8 | 109.5 | 229.4 | 25.6 | 31.2 | 202.6 | +549.4% | |
| 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) | 0.13 | 0.16 | 0.31 | 0.03 | 0.04 | 0.27 | +538.3% | |
| EPS, diluted (per share) | 0.13 | 0.16 | 0.31 | 0.03 | 0.04 | 0.27 | +541.3% | |
| EBITDA | 105.6 | 113.5 | 121.4 | 126.3 | 80.4 | 145.5 | +81.0% | |
| Depreciation & amortization | 1.2 | 1.2 | 0.9 | 1.1 | 1.5 | 1.7 | +13.3% | |
| Weighted average shares (shares) | 740,715,556 | 740,715,556 | 740,715,556 | 739,900,000 | 738,200,000 | 738,800,000 | +0.1% | |
| Weighted average diluted shares (shares) | 740,715,556 | 740,715,556 | 740,715,556 | 742,400,000 | 741,500,000 | 742,300,000 | +0.1% | |
| Gross margin | 67.5% | 59.2% | 56.5% | 59.2% | 57.0% | 63.7% | +6.7 pts | |
| Operating margin | 47.6% | 44.4% | 42.8% | 47.3% | 41.8% | 49.4% | +7.6 pts | |
| Net margin | 37.8% | 42.8% | 80.4% | 9.4% | 11.0% | 78.3% | +67.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
