| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 135.0 | 146.3 | 172.6 | 176.0 | 192.6 | 194.0 | +0.7% | |
| Cost of revenue | 91.5 | 99.4 | 113.6 | 113.7 | 127.5 | 125.3 | −1.7% | |
| Gross profit | 43.5 | 47.0 | 59.0 | 62.3 | 65.1 | 68.7 | +5.5% | |
| Research & development | 3.6 | 3.1 | 3.5 | 4.0 | 3.8 | 0.0 | −100.0% | |
| Selling, general & administrative | 31.0 | 31.1 | 39.2 | 41.1 | 42.3 | 44.1 | +4.1% | |
| Selling & marketing | 2.4 | 2.4 | 2.8 | 2.6 | 3.5 | 0.0 | −100.0% | |
| Operating expenses | 31.0 | 31.1 | 39.2 | 41.1 | 42.3 | 44.1 | +4.1% | |
| Operating income | 12.6 | 15.8 | 19.8 | 21.2 | 22.8 | 24.6 | +7.9% | |
| Interest expense | 1.0 | 1.1 | 1.1 | 0.8 | 1.9 | 1.3 | −34.6% | |
| Interest income | 0.0 | 0.0 | 0.7 | 0.1 | 0.1 | 0.1 | +82.4% | |
| Other income / expense | (1.0) | (1.1) | (1.1) | (1.2) | (1.9) | (1.3) | +30.3% | |
| Pre-tax income | 11.6 | 14.8 | 18.7 | 20.1 | 20.9 | 23.3 | +11.4% | |
| Income tax | 3.1 | 2.8 | 4.0 | 4.1 | 4.3 | 5.1 | +18.8% | |
| Net income | 8.4 | 11.9 | 14.7 | 16.0 | 16.5 | 18.1 | +10.1% | |
| 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) | 0.18 | 0.26 | 0.32 | 0.35 | 0.36 | 0.39 | +8.3% | |
| EPS, diluted (per share) | 0.18 | 0.26 | 0.32 | 0.35 | 0.36 | 0.39 | +8.3% | |
| EBITDA | 18.0 | 21.4 | 25.7 | 27.7 | 30.2 | 32.7 | +8.2% | |
| Depreciation & amortization | 5.8 | 5.8 | 6.1 | 6.8 | 7.7 | 8.2 | +5.9% | |
| Weighted average shares (shares) | 45,963,007 | 45,971,272 | 45,892,691 | 45,912,276 | 46,044,520 | 46,129,378 | +0.2% | |
| Weighted average diluted shares (shares) | 45,984,673 | 46,009,642 | 45,911,289 | 45,938,388 | 46,050,282 | 46,163,933 | +0.2% | |
| Gross margin | 32.3% | 32.1% | 34.2% | 35.4% | 33.8% | 35.4% | +1.6 pts | |
| Operating margin | 9.3% | 10.8% | 11.5% | 12.1% | 11.8% | 12.7% | +0.8 pts | |
| Net margin | 6.3% | 8.2% | 8.5% | 9.1% | 8.6% | 9.4% | +0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
