| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 243.7 | 455.9 | 526.0 | 458.5 | 414.7 | 335.5 | −19.1% | |
| Cost of revenue | 179.1 | 295.0 | 282.7 | 294.9 | 319.4 | 317.4 | −0.6% | |
| Gross profit | 64.6 | 160.9 | 243.3 | 163.6 | 95.4 | 18.1 | −81.1% | |
| Research & development | 4.5 | 6.3 | 6.4 | 9.0 | 9.4 | 0.0 | −100.0% | |
| Selling, general & administrative | 30.3 | 9.8 | 9.9 | 8.4 | 6.2 | 17.4 | +182.7% | |
| Selling & marketing | 24.0 | 48.9 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 30.3 | 9.8 | 9.9 | 8.4 | 6.2 | 17.8 | +188.6% | |
| Operating income | 34.4 | 151.1 | 233.4 | 155.1 | 89.2 | 0.3 | −99.7% | |
| Interest expense | 10.3 | 10.5 | 9.5 | 8.7 | 4.7 | 16.8 | +257.7% | |
| Interest income | 0.0 | 0.3 | 0.5 | 3.5 | 3.6 | 2.0 | −44.5% | |
| Other income / expense | (11.6) | (13.8) | (11.3) | (5.2) | (7.1) | (322.5) | −4412.9% | |
| Pre-tax income | 22.8 | 137.3 | 222.1 | 149.9 | 82.1 | (322.2) | −492.6% | |
| Income tax | 6.0 | 8.8 | 16.1 | 18.9 | 17.2 | 9.7 | −43.8% | |
| Net income | 16.7 | 128.5 | 206.0 | 131.0 | 64.9 | (331.9) | −611.4% | |
| 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) | 0.20 | 1.18 | 2.17 | 1.41 | 0.73 | (3.71) | −608.2% | |
| EPS, diluted (per share) | 0.20 | 1.16 | 2.12 | 1.37 | 0.71 | (3.71) | −622.5% | |
| EBITDA | 75.3 | 210.9 | 296.4 | 223.8 | 154.7 | 59.3 | −61.7% | |
| Depreciation & amortization | 42.3 | 63.1 | 64.6 | 65.1 | 68.0 | 59.0 | −13.1% | |
| Weighted average shares (shares) | 95,607,000 | 95,607,000 | 95,607,000 | 93,126,000 | 89,228,000 | 89,228,161 | +0.0% | |
| Weighted average diluted shares (shares) | 95,607,000 | 95,607,000 | 95,607,000 | 95,564,000 | 91,927,000 | 89,228,161 | −2.9% | |
| Gross margin | 26.5% | 35.3% | 46.3% | 35.7% | 23.0% | 5.4% | −17.6 pts | |
| Operating margin | 14.1% | 33.1% | 44.4% | 33.8% | 21.5% | 0.1% | −21.4 pts | |
| Net margin | 6.9% | 28.2% | 39.2% | 28.6% | 15.6% | −98.9% | −114.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
