| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79.9 | 91.3 | 113.2 | 136.1 | 133.6 | 145.8 | +9.1% | |
| Cost of revenue | 69.8 | 75.9 | 92.2 | 42.5 | 41.6 | 133.1 | +220.0% | |
| Gross profit | 10.0 | 15.3 | 21.0 | 93.6 | 92.0 | 101.0 | +9.8% | |
| Research & development | 7.2 | 5.4 | 8.3 | 11.2 | 13.8 | 0.0 | −100.0% | |
| Selling, general & administrative | 33.5 | 10.5 | 13.0 | (8.0) | 59.7 | 1.4 | −97.7% | |
| Selling & marketing | 25.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.1 | 0.1 | (0.1) | 72.0 | 75.3 | 88.2 | +17.1% | |
| Operating income | 10.2 | 15.6 | 18.2 | 21.6 | 16.7 | 12.8 | −23.4% | |
| Interest expense | 0.7 | 0.8 | 4.6 | 7.4 | 4.1 | 4.2 | +2.4% | |
| Interest income | 0.0 | 0.0 | 0.2 | 0.3 | 0.3 | 0.6 | +100.0% | |
| Other income / expense | (0.7) | (0.8) | (2.2) | (8.2) | (3.7) | (3.9) | −5.4% | |
| Pre-tax income | 9.5 | 14.9 | 16.0 | 13.4 | 13.0 | 8.9 | −31.5% | |
| Income tax | 0.8 | 2.0 | 3.2 | 3.5 | 2.2 | 2.9 | +31.8% | |
| Net income | 8.2 | 12.7 | 12.5 | 9.5 | 10.4 | 5.5 | −47.1% | |
| 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 | (0.8) | 0.0 | +100.0% | |
| EPS, basic (per share) | 1.31 | 2.01 | 1.97 | 1.46 | 1.57 | 0.83 | −47.1% | |
| EPS, diluted (per share) | 1.29 | 1.98 | 1.94 | 1.44 | 1.54 | 0.81 | −47.4% | |
| EBITDA | 15.2 | 20.3 | 29.0 | 32.2 | 30.9 | 32.1 | +3.9% | |
| Depreciation & amortization | 5.0 | 4.8 | 11.0 | 15.4 | 13.8 | 19.4 | +40.6% | |
| Weighted average shares (shares) | 6,269,437 | 6,310,608 | 6,342,759 | 6,514,028 | 6,634,863 | 6,647,457 | +0.2% | |
| Weighted average diluted shares (shares) | 6,386,988 | 6,398,394 | 6,427,836 | 6,620,844 | 6,746,518 | 6,753,052 | +0.1% | |
| Gross margin | 12.5% | 16.8% | 18.6% | 68.8% | 68.9% | 69.3% | +0.4 pts | |
| Operating margin | 12.7% | 17.1% | 16.1% | 15.9% | 12.5% | 8.8% | −3.7 pts | |
| Net margin | 10.3% | 13.9% | 11.0% | 7.0% | 7.8% | 3.8% | −4.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
