| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 121.4 | 137.2 | 162.7 | 172.5 | 179.5 | 194.3 | +8.2% | |
| Cost of revenue | 77.5 | 6.2 | 7.2 | 94.4 | 97.5 | 0.0 | −100.0% | |
| Gross profit | 43.9 | 131.0 | 155.4 | 78.1 | 82.0 | 0.0 | −100.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 99.9 | 111.3 | 134.5 | 148.5 | 154.4 | 171.0 | +10.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 97.5 | 111.3 | 134.4 | 57.8 | 61.1 | 170.8 | +179.5% | |
| Operating income | 17.0 | 19.7 | 21.0 | 16.1 | 20.9 | 15.5 | −25.7% | |
| Interest expense | 1.4 | 1.1 | 1.6 | 2.2 | 2.4 | 3.0 | +25.9% | |
| Interest income | 0.2 | 0.2 | 1.7 | 5.0 | 4.8 | 3.2 | −33.6% | |
| Other income / expense | (1.2) | (0.9) | (4.8) | (2.1) | (14.6) | (7.9) | +45.9% | |
| Pre-tax income | 16.3 | 26.8 | 16.2 | 14.0 | 6.4 | 7.7 | +20.4% | |
| Income tax | 3.2 | 3.8 | 4.0 | 3.9 | 5.0 | 4.7 | −6.0% | |
| Net income | 13.2 | 23.0 | 12.2 | 10.1 | 1.4 | 3.0 | +117.2% | |
| 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) | 0.11 | 0.19 | 0.10 | 0.08 | 0.01 | 0.02 | +132.4% | |
| EPS, diluted (per share) | 0.11 | 0.19 | 0.10 | 0.08 | 0.01 | 0.02 | +127.5% | |
| EBITDA | 24.6 | 34.1 | 25.1 | 24.2 | 17.2 | 23.5 | +36.5% | |
| Depreciation & amortization | 6.9 | 6.2 | 7.2 | 8.0 | 8.5 | 7.9 | −6.1% | |
| Weighted average shares (shares) | 117,685,265 | 118,961,047 | 125,244,334 | 130,127,316 | 133,571,424 | 124,972,000 | −6.4% | |
| Weighted average diluted shares (shares) | 118,508,833 | 121,893,238 | 128,527,341 | 132,107,953 | 133,888,191 | 127,893,000 | −4.5% | |
| Gross margin | 36.2% | 95.5% | 95.5% | 45.3% | 45.7% | 0.0% | −45.7 pts | |
| Operating margin | 14.0% | 14.4% | 12.9% | 9.3% | 11.7% | 8.0% | −3.7 pts | |
| Net margin | 10.8% | 16.8% | 7.5% | 5.8% | 0.8% | 1.5% | +0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
