| GBP millions | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189.4 | 165.3 | 195.2 | 247.1 | 241.4 | 245.1 | +1.5% | |
| Cost of revenue | 174.5 | 157.2 | 177.0 | 220.0 | 82.5 | 80.2 | −2.8% | |
| Gross profit | 14.9 | 8.1 | 18.2 | 27.1 | 158.9 | 164.9 | +3.8% | |
| Research & development | 0.7 | 0.5 | 0.6 | 0.7 | 0.8 | 0.8 | +0.0% | |
| Selling, general & administrative | 1.7 | 1.3 | 1.6 | 1.7 | 0.9 | 1.0 | +11.1% | |
| Selling & marketing | 1.0 | 0.1 | 0.1 | 0.2 | (1.2) | 0.0 | +100.0% | |
| Operating expenses | 1.6 | 1.2 | 2.0 | 2.4 | 130.3 | 136.4 | +4.7% | |
| Operating income | 13.3 | 6.9 | 16.2 | 24.7 | 29.4 | 28.5 | −3.1% | |
| Interest expense | 2.8 | 2.3 | 1.9 | 3.3 | 4.8 | 5.1 | +6.3% | |
| Interest income | 2.8 | 2.3 | 1.9 | 3.3 | 0.0 | 0.0 | — | |
| Other income / expense | (5.2) | (4.4) | (3.8) | (5.6) | (6.5) | (7.9) | −21.5% | |
| Pre-tax income | 4.9 | 6.1 | 12.4 | 17.3 | 22.9 | 20.6 | −10.0% | |
| Income tax | 1.5 | 1.5 | 2.2 | 5.5 | 5.8 | 5.5 | −5.2% | |
| Net income | 3.0 | 4.6 | 10.2 | 11.8 | 17.1 | 15.1 | −11.7% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | (1.6) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.01 | 0.02 | 0.05 | 0.06 | 0.08 | 0.08 | −8.0% | |
| EPS, diluted (per share) | 0.01 | 0.02 | 0.04 | 0.05 | 0.07 | 0.07 | −9.6% | |
| EBITDA | 19.1 | 10.9 | 23.6 | 31.7 | 38.4 | 37.9 | −1.3% | |
| Depreciation & amortization | 11.4 | 10.6 | 9.5 | 11.1 | 10.8 | 12.2 | +13.0% | |
| Weighted average shares (shares) | 225,217,950 | 225,418,000 | 214,795,000 | 207,242,000 | 206,908,000 | 198,573,000 | −4.0% | |
| Weighted average diluted shares (shares) | 227,162,383 | 232,710,980 | 231,703,941 | 230,245,207 | 234,396,748 | 227,614,022 | −2.9% | |
| Gross margin | 7.9% | 4.9% | 9.3% | 11.0% | 65.8% | 67.3% | +1.5 pts | |
| Operating margin | 7.0% | 4.2% | 8.3% | 10.0% | 12.2% | 11.6% | −0.6 pts | |
| Net margin | 1.6% | 2.8% | 5.2% | 4.8% | 7.1% | 6.2% | −0.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
