| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35.1 | 49.7 | 67.6 | 65.8 | 66.2 | 74.5 | +12.6% | |
| Cost of revenue | 12.2 | 18.0 | 24.8 | 24.3 | 23.3 | 55.9 | +140.5% | |
| Gross profit | 22.9 | 31.7 | 42.8 | 41.5 | 42.9 | 18.6 | −56.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 15.0 | 19.5 | 29.9 | 11.2 | 12.0 | 10.2 | −15.2% | |
| Selling & marketing | 0.0 | 0.0 | 19.3 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 16.9 | 21.5 | 32.4 | 34.3 | 36.0 | 9.6 | −73.3% | |
| Operating income | 5.9 | 10.2 | 6.8 | 7.9 | 6.9 | 9.0 | +29.3% | |
| Interest expense | 0.3 | 0.3 | 1.0 | 1.6 | 1.5 | 1.6 | +12.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.3) | (0.3) | (1.0) | (2.2) | (1.5) | (2.4) | −65.2% | |
| Pre-tax income | 5.6 | 9.9 | 5.8 | 5.7 | 5.5 | 6.5 | +19.7% | |
| Income tax | 0.9 | 2.3 | 1.9 | 1.4 | 1.4 | 1.6 | +13.8% | |
| Net income | 4.7 | 7.5 | 3.9 | 4.2 | 4.0 | 4.9 | +23.2% | |
| 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) | 0.05 | 0.08 | 0.04 | 0.04 | 0.04 | 0.05 | +23.4% | |
| EPS, diluted (per share) | 0.05 | 0.07 | 0.04 | 0.04 | 0.04 | 0.05 | +22.1% | |
| EBITDA | 8.5 | 13.0 | 11.1 | 11.3 | 11.1 | 13.8 | +24.3% | |
| Depreciation & amortization | 2.6 | 2.8 | 4.3 | 4.0 | 4.2 | 4.8 | +16.1% | |
| Weighted average shares (shares) | 97,852,313 | 100,122,394 | 102,761,812 | 104,099,565 | 104,551,326 | 104,564,824 | +0.0% | |
| Weighted average diluted shares (shares) | 102,799,084 | 104,259,085 | 104,799,252 | 105,253,543 | 106,097,371 | 107,010,517 | +0.9% | |
| Gross margin | 65.2% | 63.8% | 63.3% | 63.1% | 64.9% | 24.9% | −39.9 pts | |
| Operating margin | 16.9% | 20.5% | 10.1% | 12.0% | 10.5% | 12.0% | +1.6 pts | |
| Net margin | 13.4% | 15.2% | 5.7% | 6.4% | 6.0% | 6.6% | +0.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
