| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 176.2 | 228.2 | 206.3 | 209.0 | 242.5 | 271.4 | +11.9% | |
| Cost of revenue | 108.2 | 145.9 | 134.9 | 126.2 | 145.0 | 161.3 | +11.2% | |
| Gross profit | 68.0 | 82.3 | 71.4 | 82.8 | 97.5 | 110.1 | +12.9% | |
| Research & development | 4.0 | 3.0 | 1.9 | 2.3 | 3.2 | 3.6 | +12.5% | |
| Selling, general & administrative | 40.2 | 46.4 | 52.3 | 60.6 | 74.3 | 83.6 | +12.5% | |
| Selling & marketing | 8.6 | 7.8 | 9.2 | 8.6 | 11.3 | 14.0 | +23.9% | |
| Operating expenses | 40.6 | 49.4 | 54.3 | 60.6 | 74.3 | 78.5 | +5.7% | |
| Operating income | 29.6 | 35.3 | 19.0 | 22.2 | 23.2 | 31.6 | +36.2% | |
| Interest expense | 1.3 | 1.6 | 2.0 | 3.3 | 4.3 | 5.1 | +18.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 4.0 | (2.0) | (7.3) | (3.3) | (4.3) | (6.9) | −60.5% | |
| Pre-tax income | 33.6 | 33.3 | 11.7 | 18.9 | 18.9 | 24.7 | +30.7% | |
| Income tax | 5.7 | 6.2 | 0.7 | 2.2 | 4.3 | 4.4 | +2.3% | |
| Net income | 27.9 | 27.1 | 11.0 | 16.7 | 14.6 | 20.3 | +39.0% | |
| 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) | 0.18 | 0.18 | 0.07 | 0.11 | 0.10 | 0.13 | +36.4% | |
| EPS, diluted (per share) | 0.18 | 0.17 | 0.07 | 0.11 | 0.09 | 0.13 | +37.3% | |
| EBITDA | 36.1 | 42.6 | 23.2 | 31.5 | 33.4 | 44.2 | +32.3% | |
| Depreciation & amortization | 6.5 | 7.7 | 8.9 | 9.3 | 10.2 | 12.6 | +23.5% | |
| Weighted average shares (shares) | 154,700,000 | 154,100,000 | 154,300,000 | 155,200,000 | 153,200,000 | 150,500,000 | −1.8% | |
| Weighted average diluted shares (shares) | 157,400,000 | 157,900,000 | 156,900,000 | 156,500,000 | 154,100,000 | 151,400,000 | −1.8% | |
| Gross margin | 38.6% | 36.1% | 34.6% | 39.6% | 40.2% | 40.6% | +0.4 pts | |
| Operating margin | 16.8% | 15.5% | 9.2% | 10.6% | 9.6% | 11.6% | +2.1 pts | |
| Net margin | 15.8% | 11.9% | 5.3% | 8.0% | 6.0% | 7.5% | +1.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.