| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 469.5 | 589.3 | 719.4 | 671.2 | 619.2 | 632.1 | +2.1% | |
| Cost of revenue | 332.7 | 389.8 | 468.6 | 451.1 | 227.7 | 422.4 | +85.5% | |
| Gross profit | 136.8 | 199.5 | 250.8 | 220.1 | 391.5 | 209.7 | −46.4% | |
| Research & development | 3.1 | 3.1 | 3.5 | 3.6 | 1.8 | 1.3 | −27.8% | |
| Selling, general & administrative | 109.5 | 121.6 | 156.3 | 173.9 | 127.2 | 149.7 | +17.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 112.6 | 124.7 | 159.8 | 177.5 | 337.6 | 151.0 | −55.3% | |
| Operating income | 9.4 | 74.8 | 91.0 | 41.0 | 53.9 | 58.7 | +8.9% | |
| Interest expense | 4.7 | 6.9 | 10.6 | 18.8 | 14.5 | 14.9 | +2.8% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | −100.0% | |
| Other income / expense | (4.7) | (5.5) | (53.8) | (18.8) | (14.5) | (41.0) | −182.8% | |
| Pre-tax income | 4.7 | 69.3 | 37.2 | 22.2 | 39.4 | 17.7 | −55.1% | |
| Income tax | 2.1 | 14.4 | 10.7 | 3.8 | 8.4 | 3.3 | −60.7% | |
| Net income | 2.4 | 54.8 | 26.8 | 18.6 | 31.0 | 14.4 | −53.5% | |
| 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) | 0.01 | 0.27 | 0.11 | 0.07 | 0.12 | 0.06 | −52.5% | |
| EPS, diluted (per share) | 0.01 | 0.27 | 0.11 | 0.07 | 0.12 | 0.06 | −52.8% | |
| EBITDA | 39.7 | 103.9 | 90.1 | 84.3 | 84.2 | 93.8 | +11.4% | |
| Depreciation & amortization | 30.4 | 30.9 | 42.3 | 43.3 | 32.5 | 49.2 | +51.4% | |
| Weighted average shares (shares) | 199,516,905 | 199,971,638 | 235,388,000 | 252,824,077 | 252,807,833 | 252,868,921 | +0.0% | |
| Weighted average diluted shares (shares) | 201,138,144 | 201,199,870 | 236,601,043 | 253,850,545 | 253,807,571 | 254,505,555 | +0.3% | |
| Gross margin | 29.1% | 33.9% | 34.9% | 32.8% | 63.2% | 33.2% | −30.1 pts | |
| Operating margin | 2.0% | 12.7% | 12.7% | 6.1% | 8.7% | 9.3% | +0.6 pts | |
| Net margin | 0.5% | 9.3% | 3.7% | 2.8% | 5.0% | 2.3% | −2.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
