| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 53.4 | 69.2 | 62.3 | 62.6 | 69.5 | 85.5 | +23.0% | |
| Cost of revenue | 17.5 | 24.1 | 24.0 | 21.5 | 23.8 | 35.3 | +48.6% | |
| Gross profit | 35.9 | 45.0 | 38.3 | 41.1 | 45.7 | 50.1 | +9.7% | |
| Research & development | 0.4 | 0.6 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 25.5 | 31.5 | 32.3 | 33.6 | 37.0 | 45.2 | +22.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 29.0 | 36.2 | 37.6 | 39.1 | 42.9 | 45.2 | +5.6% | |
| Operating income | 9.7 | (0.2) | (5.4) | 2.0 | 2.9 | 4.9 | +71.2% | |
| Interest expense | 0.5 | 0.6 | 1.1 | 1.4 | 1.4 | 1.5 | +8.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (1.4) | (9.0) | (7.3) | (1.2) | (1.7) | (2.4) | −42.3% | |
| Pre-tax income | 8.3 | 0.1 | (6.5) | 0.7 | 1.2 | 2.5 | +112.7% | |
| Income tax | 1.9 | 0.2 | (1.6) | 0.1 | 0.2 | 0.9 | +430.5% | |
| Net income | 6.4 | (0.1) | (4.9) | 0.6 | 1.0 | 1.6 | +57.5% | |
| 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) | 0.06 | (0.00) | (0.05) | 0.01 | 0.01 | 0.01 | +57.6% | |
| EPS, diluted (per share) | 0.06 | (0.00) | (0.05) | 0.01 | 0.01 | 0.01 | +55.3% | |
| EBITDA | 12.1 | 4.7 | (0.3) | 7.1 | 8.3 | 11.6 | +40.3% | |
| Depreciation & amortization | 3.4 | 4.0 | 5.1 | 5.0 | 5.7 | 7.5 | +33.2% | |
| Weighted average shares (shares) | 108,513,513 | 103,509,034 | 108,956,624 | 108,956,624 | 108,956,624 | 108,956,624 | +0.0% | |
| Weighted average diluted shares (shares) | 108,580,000 | 103,509,034 | 108,956,624 | 116,029,022 | 117,590,847 | 119,118,995 | +1.3% | |
| Gross margin | 67.2% | 65.1% | 61.5% | 65.7% | 65.8% | 58.7% | −7.1 pts | |
| Operating margin | 18.2% | −0.3% | −8.7% | 3.2% | 4.1% | 5.7% | +1.6 pts | |
| Net margin | 12.0% | −0.1% | −7.9% | 1.0% | 1.4% | 1.8% | +0.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
