| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 77.7 | 94.7 | 90.2 | 68.5 | 64.0 | 65.8 | +2.7% | |
| Cost of revenue | 16.8 | 16.7 | 15.1 | 1.5 | 2.0 | 10.0 | +390.3% | |
| Gross profit | 61.0 | 78.0 | 75.1 | 66.9 | 62.0 | 55.8 | −10.1% | |
| Research & development | 0.2 | 0.1 | 0.0 | 0.3 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 48.0 | 60.4 | 61.3 | 51.4 | 50.6 | 20.2 | −60.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 46.8 | 67.0 | 66.2 | 61.2 | 59.6 | 52.2 | −12.5% | |
| Operating income | 14.1 | 18.9 | 14.9 | 5.7 | 2.4 | 3.6 | +52.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | −100.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.8 | 0.7 | −20.2% | |
| Other income / expense | (4.5) | (1.4) | (0.0) | 0.2 | 0.8 | (1.2) | −254.2% | |
| Pre-tax income | 9.6 | 17.5 | 14.9 | 5.9 | 3.2 | 2.4 | −25.6% | |
| Income tax | 3.7 | 3.5 | 5.3 | 2.2 | 1.3 | 1.1 | −11.5% | |
| Net income | 5.9 | 14.0 | 9.6 | 3.7 | 1.9 | 1.2 | −35.2% | |
| 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) | 0.04 | 0.10 | 0.07 | 0.03 | 0.01 | 0.01 | −37.1% | |
| EPS, diluted (per share) | 0.04 | 0.09 | 0.06 | 0.02 | 0.01 | 0.01 | −36.1% | |
| EBITDA | 19.9 | 25.3 | 21.0 | 11.7 | 9.0 | 8.3 | −8.3% | |
| Depreciation & amortization | 5.8 | 6.4 | 6.1 | 5.7 | 5.8 | 5.9 | +1.3% | |
| Weighted average shares (shares) | 142,286,000 | 147,272,000 | 146,236,000 | 147,135,000 | 151,826,000 | 156,535,000 | +3.1% | |
| Weighted average diluted shares (shares) | 147,342,000 | 156,511,000 | 156,420,000 | 156,741,000 | 158,777,000 | 161,348,000 | +1.6% | |
| Gross margin | 78.4% | 82.4% | 83.2% | 97.8% | 96.8% | 84.8% | −12.0 pts | |
| Operating margin | 18.1% | 20.0% | 16.6% | 8.3% | 3.7% | 5.5% | +1.8 pts | |
| Net margin | 7.6% | 14.8% | 10.6% | 5.4% | 2.9% | 1.9% | −1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
