| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71.5 | 74.5 | 27.2 | 31.1 | 43.8 | 48.4 | +10.4% | |
| Cost of revenue | 0.0 | 3.5 | 5.1 | 5.5 | 0.0 | 0.0 | — | |
| Gross profit | 71.5 | 71.0 | 44.4 | 33.2 | 43.8 | 48.4 | +10.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.7 | 11.2 | 9.0 | 12.6 | 13.4 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 1.4 | 0.0 | 1.3 | 0.0 | 0.0 | — | |
| Operating expenses | 63.0 | 66.7 | 51.2 | 28.1 | 37.0 | 40.0 | +8.0% | |
| Operating income | 8.7 | 4.5 | 3.9 | 5.3 | 6.8 | 8.4 | +23.3% | |
| Interest expense | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −27.4% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.8 | 1.2 | 0.0 | −100.0% | |
| Other income / expense | (0.2) | (0.1) | (10.7) | (0.2) | (0.1) | 0.0 | +100.0% | |
| Pre-tax income | 8.6 | 4.3 | (6.8) | 5.1 | 6.8 | 8.4 | +23.3% | |
| Income tax | 1.7 | 0.7 | 0.5 | 0.9 | 1.3 | 1.1 | −13.1% | |
| Net income | 6.9 | 3.6 | (7.3) | 4.3 | 6.5 | 7.3 | +12.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.1 | 1.0 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.22 | 0.12 | (0.23) | 0.14 | 0.21 | 0.23 | +9.5% | |
| EPS, diluted (per share) | 0.22 | 0.12 | (0.23) | 0.14 | 0.20 | 0.22 | +10.0% | |
| EBITDA | 10.1 | 5.9 | (4.9) | 7.1 | 9.5 | 11.7 | +23.4% | |
| Depreciation & amortization | 1.5 | 1.6 | 1.8 | 1.9 | 2.6 | 3.2 | +25.8% | |
| Weighted average shares (shares) | 31,165,000 | 31,205,000 | 31,215,000 | 31,227,000 | 31,227,000 | 31,245,014 | +0.1% | |
| Weighted average diluted shares (shares) | 31,173,000 | 31,214,000 | 31,215,000 | 31,977,000 | 32,402,000 | 33,006,565 | +1.9% | |
| Gross margin | 100.0% | 95.3% | 163.5% | 106.6% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 12.2% | 6.0% | 14.5% | 16.9% | 15.6% | 17.4% | +1.8 pts | |
| Net margin | 9.6% | 4.8% | −26.7% | 13.9% | 14.8% | 15.1% | +0.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
