| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 287.6 | 363.3 | 450.0 | 462.6 | 436.7 | 472.8 | +8.3% | |
| Cost of revenue | 240.4 | 300.6 | 361.2 | 370.2 | 351.5 | 395.0 | +12.4% | |
| Gross profit | 47.2 | 62.7 | 88.8 | 92.4 | 85.2 | 77.8 | −8.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 40.0 | 41.1 | 59.5 | 66.3 | 65.9 | 73.4 | +11.4% | |
| Selling & marketing | 2.8 | 3.5 | 4.6 | 5.1 | 0.0 | 0.0 | — | |
| Operating expenses | 40.3 | 52.4 | 72.5 | 83.2 | 80.9 | 74.9 | −7.5% | |
| Operating income | 6.9 | 10.3 | 16.3 | 9.1 | 4.3 | 3.4 | −20.7% | |
| Interest expense | 3.3 | 2.5 | 3.4 | 6.1 | 7.2 | 6.7 | −7.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.3 | 0.3 | −6.3% | |
| Other income / expense | (3.3) | (2.8) | (3.5) | (6.2) | (6.9) | (8.6) | −24.7% | |
| Pre-tax income | 3.6 | 7.5 | 12.8 | 3.0 | (2.6) | (5.2) | −99.3% | |
| Income tax | 1.0 | 2.4 | 3.3 | 1.3 | (0.8) | (1.0) | −21.4% | |
| Net income | 2.4 | 4.8 | 9.1 | 1.4 | (2.0) | (4.4) | −123.4% | |
| 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) | 0.02 | 0.03 | 0.06 | 0.01 | (0.01) | (0.03) | −122.7% | |
| EPS, diluted (per share) | 0.02 | 0.03 | 0.05 | 0.01 | (0.01) | (0.03) | −122.7% | |
| EBITDA | 15.4 | 22.2 | 28.5 | 22.9 | 21.4 | 18.6 | −13.1% | |
| Depreciation & amortization | 8.5 | 9.4 | 12.3 | 13.8 | 16.8 | 15.2 | −9.6% | |
| Weighted average shares (shares) | 157,503,947 | 157,505,000 | 160,523,582 | 164,340,814 | 165,763,977 | 166,200,000 | +0.3% | |
| Weighted average diluted shares (shares) | 157,503,947 | 157,505,000 | 170,075,984 | 168,091,701 | 166,577,836 | 166,200,000 | −0.2% | |
| Gross margin | 16.4% | 17.3% | 19.7% | 20.0% | 19.5% | 16.5% | −3.1 pts | |
| Operating margin | 2.4% | 2.8% | 3.6% | 2.0% | 1.0% | 0.7% | −0.3 pts | |
| Net margin | 0.8% | 1.3% | 2.0% | 0.3% | −0.5% | −0.9% | −0.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
