| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 83.7 | 94.3 | 97.7 | 114.2 | 122.4 | 174.1 | +42.2% | |
| Cost of revenue | 61.0 | 65.4 | 74.9 | 82.6 | 85.6 | 116.9 | +36.6% | |
| Gross profit | 22.7 | 28.9 | 22.8 | 31.6 | 34.7 | 57.2 | +64.8% | |
| Research & development | 1.1 | 0.9 | 0.5 | 2.0 | 2.0 | 0.5 | −75.0% | |
| Selling, general & administrative | 16.7 | 19.2 | 21.4 | 23.4 | 27.0 | 44.6 | +65.2% | |
| Selling & marketing | 6.8 | 6.8 | 8.1 | 8.8 | 10.5 | 14.8 | +41.0% | |
| Operating expenses | 21.4 | 20.6 | 21.9 | 27.7 | 33.4 | 49.6 | +48.5% | |
| Operating income | 4.0 | 8.3 | 0.9 | 3.9 | 7.7 | 7.6 | −1.3% | |
| Interest expense | 0.3 | 0.2 | 0.3 | 0.6 | 1.4 | 4.6 | +228.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (1.1) | (0.1) | (0.7) | 0.8 | (5.1) | (16.1) | −215.7% | |
| Pre-tax income | 2.9 | 8.2 | 0.2 | 4.7 | 3.4 | (8.5) | −350.0% | |
| Income tax | (1.3) | 0.4 | 0.6 | 2.0 | 2.0 | 1.0 | −50.0% | |
| Net income | 4.2 | 7.8 | (0.4) | 2.7 | 1.4 | (9.5) | −778.6% | |
| 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) | 0.21 | 0.39 | (0.02) | 0.13 | 0.06 | (0.32) | −615.3% | |
| EPS, diluted (per share) | 0.20 | 0.38 | (0.02) | 0.13 | 0.06 | (0.32) | −615.3% | |
| EBITDA | 7.0 | 12.4 | 5.0 | 11.1 | 10.2 | 17.9 | +75.5% | |
| Depreciation & amortization | 3.9 | 4.0 | 4.5 | 4.5 | 5.4 | 10.3 | +90.7% | |
| Weighted average shares (shares) | 19,955,307 | 19,920,895 | 20,261,505 | 20,474,424 | 22,551,963 | 30,073,273 | +33.4% | |
| Weighted average diluted shares (shares) | 20,545,227 | 20,452,013 | 20,261,505 | 20,474,424 | 22,551,963 | 30,073,273 | +33.4% | |
| Gross margin | 27.1% | 30.6% | 23.3% | 27.7% | 28.3% | 32.9% | +4.5 pts | |
| Operating margin | 4.8% | 8.8% | 0.9% | 3.4% | 6.3% | 4.4% | −1.9 pts | |
| Net margin | 5.0% | 8.3% | −0.4% | 2.4% | 1.1% | −5.5% | −6.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
