| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267.5 | 327.8 | 217.5 | 144.4 | 173.2 | 184.1 | +6.3% | |
| Cost of revenue | 25.8 | 27.1 | 83.2 | 36.6 | 43.8 | 50.0 | +14.2% | |
| Gross profit | 241.7 | 300.7 | 239.8 | 144.4 | 129.5 | 134.1 | +3.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 172.0 | 204.2 | 208.5 | 98.9 | 106.1 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 242.8 | 254.2 | 208.5 | 140.7 | 151.3 | 107.8 | −28.7% | |
| Operating income | 23.9 | 72.6 | 25.7 | 3.7 | 23.3 | 26.3 | +12.5% | |
| Interest expense | 3.1 | 2.7 | 1.1 | 0.0 | 0.0 | 1.2 | — | |
| Interest income | 0.1 | 0.0 | 0.1 | 2.8 | 2.1 | 2.5 | +15.1% | |
| Other income / expense | (3.0) | (2.7) | (49.5) | 1.1 | 1.1 | (3.2) | −382.4% | |
| Pre-tax income | 20.9 | 69.9 | (23.8) | 4.9 | 23.0 | 23.1 | +0.2% | |
| Income tax | 4.6 | 8.0 | 3.0 | (3.2) | 5.2 | 6.0 | +14.2% | |
| Net income | 16.3 | 61.9 | (63.2) | (38.0) | 17.4 | 17.0 | −2.3% | |
| Discontinued operations | 0.0 | 0.0 | (36.5) | (46.1) | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | (0.4) | (0.0) | +89.0% | |
| EPS, basic (per share) | 0.16 | 0.60 | (0.62) | (0.37) | 0.17 | 0.17 | +0.0% | |
| EPS, diluted (per share) | 0.16 | 0.59 | (0.62) | (0.37) | 0.17 | 0.16 | −5.9% | |
| EBITDA | 53.3 | 58.2 | 36.1 | 14.5 | 29.5 | 30.7 | +4.1% | |
| Depreciation & amortization | 17.7 | 17.0 | 10.4 | 5.6 | 6.1 | 6.4 | +4.1% | |
| Weighted average shares (shares) | 102,939,680 | 103,912,148 | 102,659,027 | 103,066,026 | 102,645,789 | 102,322,435 | −0.3% | |
| Weighted average diluted shares (shares) | 103,887,384 | 104,600,954 | 102,659,027 | 103,883,812 | 103,603,367 | 104,727,276 | +1.1% | |
| Gross margin | 90.4% | 91.7% | 110.3% | 100.0% | 74.7% | 72.8% | −1.9 pts | |
| Operating margin | 8.9% | 22.1% | 11.8% | 2.6% | 13.5% | 14.3% | +0.8 pts | |
| Net margin | 6.1% | 18.9% | −29.1% | −26.3% | 10.0% | 9.2% | −0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
