| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 186.4 | 214.4 | 259.8 | 297.7 | 307.9 | 315.4 | +2.4% | |
| Cost of revenue | 164.2 | 178.5 | 178.2 | 195.0 | 198.4 | 202.9 | +2.3% | |
| Gross profit | 22.2 | 35.9 | 81.6 | 102.6 | 109.5 | 112.5 | +2.7% | |
| Research & development | 4.9 | 1.5 | 1.7 | 1.7 | 3.1 | 0.2 | −95.2% | |
| Selling, general & administrative | 43.1 | 22.3 | 35.4 | 31.4 | 11.1 | 34.6 | +210.3% | |
| Selling & marketing | 11.6 | 0.0 | 0.0 | 21.8 | 0.0 | 0.0 | — | |
| Operating expenses | 48.0 | 6.5 | 24.7 | 35.1 | 35.1 | 34.7 | −1.1% | |
| Operating income | (25.9) | 29.3 | 56.8 | 67.5 | 74.4 | 77.8 | +4.5% | |
| Interest expense | 1.9 | 2.9 | 2.2 | 2.5 | 2.6 | 2.3 | −13.9% | |
| Interest income | 1.7 | 0.1 | 0.0 | 1.4 | 0.7 | 0.1 | −82.4% | |
| Other income / expense | (1.9) | (0.8) | (3.3) | (0.4) | (1.0) | 0.5 | +147.4% | |
| Pre-tax income | (27.8) | 28.6 | 53.4 | 67.1 | 73.4 | 78.2 | +6.5% | |
| Income tax | (3.0) | 6.7 | 14.6 | 16.4 | 19.3 | 21.6 | +11.9% | |
| Net income | (24.8) | 21.7 | 38.8 | 50.7 | 54.1 | 56.6 | +4.6% | |
| Discontinued operations | 0.1 | 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 | −100.0% | |
| EPS, basic (per share) | (0.07) | 0.06 | 0.10 | 0.13 | 0.14 | 0.15 | +7.1% | |
| EPS, diluted (per share) | (0.07) | 0.06 | 0.10 | 0.13 | 0.14 | 0.15 | +7.1% | |
| EBITDA | 28.1 | 63.2 | 94.3 | 107.9 | 115.9 | 120.1 | +3.6% | |
| Depreciation & amortization | 54.0 | 31.7 | 38.8 | 38.3 | 39.8 | 42.3 | +6.2% | |
| Weighted average shares (shares) | 377,749,000 | 378,012,000 | 378,052,000 | 378,110,000 | 376,605,000 | 377,155,000 | +0.1% | |
| Weighted average diluted shares (shares) | 377,749,000 | 378,938,000 | 379,100,000 | 380,600,000 | 379,171,000 | 379,501,000 | +0.1% | |
| Gross margin | 11.9% | 16.7% | 31.4% | 34.5% | 35.6% | 35.7% | +0.1 pts | |
| Operating margin | −13.9% | 13.7% | 21.9% | 22.7% | 24.2% | 24.7% | +0.5 pts | |
| Net margin | −13.3% | 10.1% | 14.9% | 17.0% | 17.6% | 17.9% | +0.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
