| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 63.8 | 87.1 | 119.9 | 114.3 | 86.7 | 92.1 | +6.3% | |
| Cost of revenue | 46.4 | 61.2 | 81.3 | 72.8 | 55.6 | 61.9 | +11.4% | |
| Gross profit | 21.3 | 25.9 | 38.6 | 41.5 | 31.1 | 30.2 | −2.8% | |
| Research & development | 2.0 | 2.2 | 2.4 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 15.1 | 13.8 | 19.9 | 20.9 | 17.1 | 27.9 | +62.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 21.9 | 21.4 | 29.6 | 29.1 | 30.8 | 27.9 | −9.5% | |
| Operating income | (1.9) | 4.5 | 8.9 | 12.4 | 0.3 | 2.4 | +683.9% | |
| Interest expense | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 | 0.2 | +501.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.6 | 1.4 | 1.0 | −29.1% | |
| Other income / expense | (0.2) | 0.4 | (0.1) | 0.5 | 1.4 | 0.9 | −39.5% | |
| Pre-tax income | (2.0) | 4.9 | 8.8 | 12.9 | 1.7 | 3.2 | +87.0% | |
| Income tax | 1.0 | 1.4 | (2.2) | 2.0 | 1.4 | 1.3 | −11.2% | |
| Net income | (3.0) | 3.6 | 11.0 | 10.9 | 0.3 | 2.0 | +532.0% | |
| 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) | (0.05) | 0.05 | 0.17 | 0.16 | 0.00 | 0.03 | +583.3% | |
| EPS, diluted (per share) | (0.05) | 0.05 | 0.16 | 0.16 | 0.00 | 0.03 | +570.8% | |
| EBITDA | 1.7 | 8.3 | 12.2 | 16.4 | 4.5 | 5.3 | +16.8% | |
| Depreciation & amortization | 3.6 | 3.2 | 3.3 | 3.4 | 2.8 | 2.9 | +5.5% | |
| Weighted average shares (shares) | 66,437,683 | 66,450,059 | 66,450,059 | 66,501,570 | 65,002,312 | 59,975,348 | −7.7% | |
| Weighted average diluted shares (shares) | 66,437,683 | 66,875,559 | 67,981,112 | 68,021,513 | 65,372,054 | 61,225,004 | −6.3% | |
| Gross margin | 33.3% | 29.7% | 32.2% | 36.3% | 35.9% | 32.8% | −3.1 pts | |
| Operating margin | −2.9% | 5.2% | 7.5% | 10.9% | 0.3% | 2.6% | +2.2 pts | |
| Net margin | −4.6% | 4.1% | 9.2% | 9.5% | 0.4% | 2.1% | +1.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
