| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.8 | 24.3 | 31.4 | 3.4 | 11.5 | 11.0 | −4.1% | |
| Cost of revenue | 18.8 | 24.1 | 30.8 | 3.1 | 9.4 | 9.9 | +5.8% | |
| Gross profit | (0.0) | 0.2 | 0.6 | 0.3 | 2.1 | 1.1 | −48.8% | |
| Operating expenses | 0.9 | 0.5 | 0.4 | 0.9 | 2.7 | 4.1 | +53.2% | |
| Operating income | (0.9) | (0.3) | 0.2 | (0.6) | (0.6) | (3.0) | −424.7% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | −0.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | (0.8) | (1.1) | 0.2 | (1.2) | (1.7) | (2.8) | −62.9% | |
| Income tax | 0.1 | (0.0) | 0.1 | 0.0 | 0.0 | (0.1) | −328.9% | |
| Net income | 1.4 | (2.0) | (1.2) | (1.9) | (3.1) | (2.8) | +8.6% | |
| EPS, basic (per share) | 0.05 | (0.07) | (0.04) | (0.06) | (0.06) | (0.03) | +53.5% | |
| EPS, diluted (per share) | 0.05 | (0.07) | (0.04) | (0.06) | (0.06) | (0.03) | +53.5% | |
| EBITDA | 0.9 | 1.4 | 0.4 | (0.5) | (0.4) | (2.5) | −494.2% | |
| Depreciation & amortization | 2.2 | 1.7 | 0.2 | 0.2 | 0.2 | 0.5 | +243.0% | |
| Weighted average shares (shares) | 30,070,378 | 30,070,378 | 30,070,378 | 31,702,873 | 49,660,320 | 97,758,719 | +96.9% | |
| Weighted average diluted shares (shares) | 30,070,378 | 30,070,378 | 30,070,378 | 31,702,873 | 49,660,320 | 97,758,719 | +96.9% | |
| Gross margin | −0.2% | 0.8% | 1.8% | 9.0% | 18.1% | 9.7% | −8.4 pts | |
| Operating margin | −4.8% | −1.2% | 0.5% | −19.0% | −5.0% | −27.2% | −22.2 pts | |
| Net margin | 7.7% | −8.1% | −4.0% | −54.8% | −26.8% | −25.6% | +1.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
