| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 229.8 | 271.4 | 385.7 | 465.3 | 513.4 | 535.4 | +4.3% | |
| Cost of revenue | 174.4 | 190.3 | 250.7 | 298.2 | 322.7 | 331.5 | +2.7% | |
| Gross profit | 55.4 | 81.1 | 135.0 | 167.1 | 513.4 | 203.9 | −60.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 85.4 | 85.6 | 107.1 | 128.9 | 458.7 | 1.2 | −99.7% | |
| Selling & marketing | 46.8 | 47.1 | 65.6 | 72.4 | 0.0 | 0.0 | — | |
| Operating expenses | 106.5 | 89.3 | 101.0 | 121.7 | 1.2 | 138.1 | +11408.3% | |
| Operating income | (27.2) | 8.4 | 34.0 | 45.4 | 512.2 | 65.8 | −87.2% | |
| Interest expense | 4.8 | 3.1 | 3.1 | 5.5 | 7.5 | 8.2 | +9.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (4.9) | (3.3) | (3.7) | (7.8) | (8.0) | (15.0) | −87.5% | |
| Pre-tax income | (32.1) | 5.1 | 30.3 | 37.6 | 47.2 | 50.8 | +7.6% | |
| Income tax | (5.2) | (1.8) | 1.5 | 10.4 | 11.7 | 13.8 | +17.9% | |
| Net income | (26.9) | 6.6 | 29.0 | 27.3 | 35.6 | 37.1 | +4.2% | |
| Discontinued operations | 0.0 | (0.3) | 0.2 | 0.1 | 0.1 | 0.1 | +0.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.07) | 0.01 | 0.07 | 0.06 | 0.09 | 0.09 | +7.7% | |
| EPS, diluted (per share) | (0.07) | 0.01 | 0.07 | 0.06 | 0.09 | 0.09 | +8.2% | |
| EBITDA | 49.2 | 74.5 | 104.9 | 129.4 | 152.2 | 167.8 | +10.2% | |
| Depreciation & amortization | 77.2 | 66.2 | 70.9 | 86.3 | 97.5 | 102.0 | +4.6% | |
| Weighted average shares (shares) | 412,947,064 | 444,939,982 | 444,288,818 | 424,327,473 | 414,500,856 | 401,128,215 | −3.2% | |
| Weighted average diluted shares (shares) | 412,947,064 | 445,146,094 | 444,383,818 | 424,733,691 | 418,156,987 | 402,875,246 | −3.7% | |
| Gross margin | 24.1% | 29.9% | 35.0% | 35.9% | 100.0% | 38.1% | −61.9 pts | |
| Operating margin | −11.8% | 3.1% | 8.8% | 9.8% | 99.8% | 12.3% | −87.5 pts | |
| Net margin | −11.7% | 2.4% | 7.5% | 5.9% | 6.9% | 6.9% | −0.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
