| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 323.7 | 470.1 | 720.5 | 734.7 | 729.8 | 617.3 | −15.4% | |
| Cost of revenue | 274.3 | 395.7 | 573.8 | 156.8 | 606.1 | 524.7 | −13.4% | |
| Gross profit | 49.4 | 74.4 | 146.7 | 577.8 | 123.7 | 92.6 | −25.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 24.9 | 15.8 | 49.6 | 500.7 | 49.5 | 38.8 | −21.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 24.9 | 15.8 | 49.6 | 500.7 | 49.5 | 54.7 | +10.4% | |
| Operating income | 24.5 | 58.6 | 97.2 | 95.5 | 74.2 | 37.9 | −48.9% | |
| Interest expense | 7.4 | 9.8 | 26.0 | 30.2 | 7.6 | 5.6 | −26.5% | |
| Interest income | 0.1 | 0.1 | 0.2 | 1.1 | 0.7 | 0.7 | +4.4% | |
| Other income / expense | (25.8) | (138.8) | (87.0) | (15.2) | (11.7) | (51.3) | −336.8% | |
| Pre-tax income | (1.7) | (80.4) | 10.1 | 80.3 | 62.5 | (13.4) | −121.4% | |
| Income tax | 2.6 | (14.5) | 7.1 | 26.4 | 21.5 | 1.5 | −93.1% | |
| Net income | (4.9) | (69.2) | 1.6 | 52.9 | 39.5 | (30.2) | −176.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (14.9) | — | |
| Other net income adjustments | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.06) | (0.75) | 0.02 | 0.53 | 0.39 | (0.30) | −176.9% | |
| EPS, diluted (per share) | (0.06) | (0.75) | 0.02 | 0.50 | 0.38 | (0.30) | −178.9% | |
| EBITDA | 34.1 | (41.6) | 73.4 | 147.2 | 104.1 | 64.4 | −38.2% | |
| Depreciation & amortization | 28.0 | 28.8 | 37.2 | 36.6 | 34.1 | 26.4 | −22.4% | |
| Weighted average shares (shares) | 89,382,909 | 92,395,619 | 97,635,507 | 99,247,832 | 100,379,867 | 100,940,584 | +0.6% | |
| Weighted average diluted shares (shares) | 89,382,909 | 92,395,619 | 105,680,687 | 105,218,101 | 104,151,507 | 100,940,584 | −3.1% | |
| Gross margin | 15.2% | 15.8% | 20.4% | 78.7% | 17.0% | 15.0% | −2.0 pts | |
| Operating margin | 7.6% | 12.5% | 13.5% | 13.0% | 10.2% | 6.1% | −4.0 pts | |
| Net margin | −1.5% | −14.7% | 0.2% | 7.2% | 5.4% | −4.9% | −10.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
