| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.7 | 81.2 | 86.3 | 113.3 | 110.7 | 111.7 | +0.9% | |
| Cost of revenue | 43.9 | 45.9 | 47.9 | 67.1 | 65.5 | 65.6 | +0.2% | |
| Gross profit | 29.8 | 35.4 | 38.4 | 46.3 | 45.2 | 46.0 | +1.9% | |
| Research & development | 10.9 | 10.9 | 11.7 | 10.2 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 22.7 | 22.7 | 27.3 | 37.9 | 30.3 | 29.2 | −3.8% | |
| Selling & marketing | 8.1 | 8.8 | 9.8 | 9.2 | 8.9 | 8.0 | −10.8% | |
| Operating expenses | 22.7 | 23.8 | 26.7 | 38.1 | 30.3 | 29.2 | −3.8% | |
| Operating income | 7.1 | 11.6 | 11.7 | 8.1 | 14.9 | 16.9 | +13.4% | |
| Interest expense | 0.7 | 0.7 | 1.0 | 1.1 | 1.0 | 1.5 | +51.6% | |
| Interest income | 0.0 | 0.0 | 0.4 | 0.6 | 0.8 | 2.0 | +145.7% | |
| Other income / expense | (0.7) | (0.7) | (0.6) | (0.5) | (0.1) | 24.6 | +17433.8% | |
| Pre-tax income | 6.4 | 10.9 | 11.1 | 7.6 | 14.7 | 41.5 | +181.5% | |
| Income tax | (0.6) | 1.4 | 0.5 | 2.1 | 2.7 | 8.2 | +202.4% | |
| Net income | 7.0 | 9.6 | 10.6 | 5.5 | 12.0 | 33.3 | +176.8% | |
| 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) | 0.17 | 0.22 | 0.23 | 0.12 | 0.26 | 0.75 | +188.5% | |
| EPS, diluted (per share) | 0.17 | 0.22 | 0.23 | 0.12 | 0.26 | 0.74 | +184.6% | |
| EBITDA | 11.6 | 16.0 | 16.6 | 15.1 | 21.1 | 22.4 | +5.8% | |
| Depreciation & amortization | 4.5 | 4.4 | 5.2 | 6.7 | 5.8 | 5.5 | −5.3% | |
| Weighted average shares (shares) | 41,631,118 | 42,660,991 | 45,525,568 | 45,553,584 | 45,377,531 | 44,314,909 | −2.3% | |
| Weighted average diluted shares (shares) | 42,229,766 | 44,096,093 | 46,793,650 | 46,191,978 | 46,104,474 | 45,234,640 | −1.9% | |
| Gross margin | 40.5% | 43.5% | 44.4% | 40.8% | 40.8% | 41.2% | +0.4 pts | |
| Operating margin | 9.7% | 14.3% | 13.6% | 7.2% | 13.4% | 15.1% | +1.7 pts | |
| Net margin | 9.6% | 11.8% | 12.2% | 4.9% | 10.9% | 29.8% | +18.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
