| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 182.7 | 234.3 | 279.0 | 277.1 | 275.3 | 304.7 | +10.7% | |
| Cost of revenue | 139.9 | 165.8 | 197.1 | 160.7 | 152.8 | 220.1 | +44.0% | |
| Gross profit | 42.8 | 68.5 | 81.9 | 116.4 | 122.5 | 84.6 | −30.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 19.5 | 33.0 | 43.0 | 94.4 | 89.8 | 108.2 | +20.5% | |
| Selling & marketing | (25.7) | (43.2) | (46.2) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 19.5 | 33.0 | 43.0 | 131.4 | 89.9 | 60.8 | −32.4% | |
| Operating income | 12.5 | 31.1 | 38.9 | (15.0) | 32.6 | 23.8 | −27.0% | |
| Interest expense | 8.5 | 8.1 | 10.9 | 14.0 | 14.7 | 16.1 | +9.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (8.5) | (8.1) | (15.6) | (14.0) | (14.7) | (16.1) | −9.5% | |
| Pre-tax income | 4.0 | 23.0 | 23.3 | (29.0) | 17.9 | 7.7 | −57.0% | |
| Income tax | 3.8 | 11.5 | 6.5 | 1.7 | 5.5 | 6.3 | +14.5% | |
| Net income | 0.2 | 11.5 | 16.8 | (30.7) | 12.4 | 1.3 | −89.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.00 | 0.09 | 0.12 | (0.22) | 0.09 | 0.01 | −89.5% | |
| EPS, diluted (per share) | 0.00 | 0.08 | 0.12 | (0.22) | 0.09 | 0.01 | −89.3% | |
| EBITDA | 46.5 | 69.5 | 75.9 | 30.0 | 77.7 | 71.3 | −8.2% | |
| Depreciation & amortization | 34.0 | 38.7 | 41.7 | 45.0 | 45.7 | 47.5 | +3.9% | |
| Weighted average shares (shares) | 125,214,737 | 132,932,784 | 136,761,738 | 136,580,425 | 136,129,425 | 135,273,308 | −0.6% | |
| Weighted average diluted shares (shares) | 128,758,687 | 137,669,498 | 136,761,738 | 137,302,753 | 137,698,973 | 135,273,308 | −1.8% | |
| Gross margin | 23.4% | 29.2% | 29.4% | 42.0% | 44.5% | 27.8% | −16.7 pts | |
| Operating margin | 6.8% | 13.3% | 13.9% | −5.4% | 11.8% | 7.8% | −4.0 pts | |
| Net margin | 0.1% | 4.9% | 6.0% | −11.1% | 4.5% | 0.4% | −4.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
