| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 316.2 | 408.7 | 512.9 | 405.8 | 366.2 | 372.1 | +1.6% | |
| Cost of revenue | 236.2 | 267.8 | 316.3 | 262.1 | 251.9 | 276.1 | +9.6% | |
| Gross profit | 79.9 | 140.8 | 196.6 | 143.8 | 114.3 | 96.0 | −16.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 11.8 | 13.3 | 0.0 | −100.0% | |
| Selling, general & administrative | 66.7 | 80.3 | 97.6 | 82.9 | 77.8 | 82.2 | +5.7% | |
| Selling & marketing | 31.4 | 38.8 | 48.0 | 36.8 | 34.1 | 36.4 | +6.6% | |
| Operating expenses | 66.7 | 80.3 | 97.6 | 109.2 | 87.3 | 80.2 | −8.1% | |
| Operating income | 13.2 | 69.9 | 107.4 | 35.0 | 27.1 | 22.7 | −16.3% | |
| Interest expense | 4.4 | 5.8 | 4.6 | 5.9 | 8.3 | 9.8 | +18.4% | |
| Interest income | 0.0 | 0.8 | 1.9 | 1.0 | 1.9 | 0.7 | −64.5% | |
| Other income / expense | (4.3) | (5.0) | (2.7) | (5.0) | (6.4) | (21.8) | −240.5% | |
| Pre-tax income | (23.9) | 64.9 | 104.8 | 30.1 | 20.7 | 0.9 | −95.7% | |
| Income tax | 4.1 | 33.1 | 17.9 | 9.0 | 5.6 | (2.2) | −139.0% | |
| Net income | (28.0) | 31.8 | 86.9 | 21.1 | 15.1 | 3.1 | −79.6% | |
| 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) | (0.07) | 0.08 | 0.22 | 0.05 | 0.04 | 0.01 | −79.5% | |
| EPS, diluted (per share) | (0.07) | 0.08 | 0.21 | 0.05 | 0.04 | 0.01 | −79.8% | |
| EBITDA | 17.5 | 109.2 | 148.3 | 77.6 | 69.5 | 64.6 | −7.0% | |
| Depreciation & amortization | 37.0 | 38.5 | 38.9 | 41.6 | 40.6 | 42.0 | +3.5% | |
| Weighted average shares (shares) | 409,333,000 | 409,118,000 | 402,746,000 | 392,217,000 | 397,157,894 | 394,453,000 | −0.7% | |
| Weighted average diluted shares (shares) | 409,333,000 | 410,612,000 | 404,756,000 | 395,654,000 | 396,463,000 | 400,565,000 | +1.0% | |
| Gross margin | 25.3% | 34.5% | 38.3% | 35.4% | 31.2% | 25.8% | −5.4 pts | |
| Operating margin | 4.2% | 17.1% | 20.9% | 8.6% | 7.4% | 6.1% | −1.3 pts | |
| Net margin | −8.9% | 7.8% | 16.9% | 5.2% | 4.1% | 0.8% | −3.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
