| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 127.7 | 145.1 | 167.7 | 306.4 | 310.7 | 337.0 | +8.5% | |
| Cost of revenue | 46.3 | 51.7 | 67.5 | 159.0 | 174.3 | 187.9 | +7.8% | |
| Gross profit | 81.4 | 93.5 | 100.2 | 147.4 | 136.4 | 149.1 | +9.3% | |
| Research & development | 1.1 | 0.8 | 0.4 | 0.3 | 0.2 | 0.0 | −100.0% | |
| Selling, general & administrative | 40.9 | 44.8 | 47.8 | 78.7 | 75.5 | 72.1 | −4.5% | |
| Selling & marketing | (1.7) | 2.3 | 2.5 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 60.0 | 45.6 | 48.2 | 91.1 | 103.1 | 77.4 | −24.9% | |
| Operating income | 22.3 | 50.5 | 52.0 | 56.3 | 33.4 | 71.7 | +115.0% | |
| Interest expense | 1.4 | 2.0 | 2.7 | 8.4 | 8.4 | 9.1 | +8.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 1.4 | 1.4 | 1.2 | −10.9% | |
| Other income / expense | (1.8) | (2.0) | (9.4) | (8.1) | (7.1) | (16.2) | −129.8% | |
| Pre-tax income | 20.4 | 48.5 | 42.6 | 48.2 | 26.3 | 55.5 | +111.0% | |
| Income tax | 4.5 | 9.0 | 7.9 | 12.5 | 7.0 | 14.3 | +104.6% | |
| Net income | 22.3 | 39.7 | 34.7 | 35.7 | 19.2 | 39.3 | +105.0% | |
| Discontinued operations | 6.4 | 0.1 | 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) | 0.33 | 0.58 | 0.50 | 0.49 | 0.27 | 0.59 | +118.5% | |
| EPS, diluted (per share) | 0.32 | 0.57 | 0.50 | 0.49 | 0.26 | 0.58 | +123.1% | |
| EBITDA | 30.6 | 61.1 | 55.7 | 77.3 | 60.0 | 92.0 | +53.3% | |
| Depreciation & amortization | 8.7 | 10.6 | 10.5 | 20.7 | 25.3 | 20.3 | −19.8% | |
| Weighted average shares (shares) | 68,406,000 | 68,631,000 | 69,281,000 | 72,642,000 | 72,146,617 | 66,578,999 | −7.7% | |
| Weighted average diluted shares (shares) | 68,879,000 | 69,369,000 | 70,033,000 | 73,585,000 | 72,969,582 | 67,306,000 | −7.8% | |
| Gross margin | 63.7% | 64.4% | 59.7% | 48.1% | 43.9% | 44.2% | +0.3 pts | |
| Operating margin | 17.4% | 34.8% | 31.0% | 18.4% | 10.7% | 21.3% | +10.5 pts | |
| Net margin | 17.5% | 27.3% | 20.7% | 11.6% | 6.2% | 11.7% | +5.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
