| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.9 | 8.9 | 11.7 | 16.2 | 18.3 | 22.3 | +21.8% | |
| Cost of revenue | 3.6 | 5.4 | 5.9 | 6.0 | 5.0 | 19.3 | +283.5% | |
| Gross profit | (0.6) | 3.5 | 5.8 | 10.2 | 13.2 | 3.0 | −77.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 1.4 | 1.9 | 3.4 | 2.4 | 2.4 | −1.2% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.3 | 4.3 | 7.7 | 13.4 | 12.5 | 2.4 | −81.1% | |
| Operating income | (0.9) | (0.8) | (2.0) | (3.2) | 0.7 | 0.6 | −14.2% | |
| Interest expense | 0.3 | 0.3 | 0.8 | 1.3 | 0.9 | 1.8 | +107.2% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.4 | 0.4 | 0.1 | −82.9% | |
| Other income / expense | (0.3) | (0.3) | (0.7) | (0.3) | (1.4) | (1.6) | −19.9% | |
| Pre-tax income | (1.2) | (1.1) | (2.7) | (3.5) | (0.7) | (1.0) | −55.7% | |
| Income tax | (0.2) | (0.6) | (1.2) | (1.1) | (0.3) | (0.2) | +31.0% | |
| Net income | (2.1) | (1.2) | (1.4) | (2.4) | (0.3) | (0.8) | −145.9% | |
| Discontinued operations | (1.1) | (0.6) | 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) | (0.02) | (0.02) | (0.01) | (0.01) | (0.00) | (0.00) | −162.5% | |
| EPS, diluted (per share) | (0.02) | (0.02) | (0.01) | (0.01) | (0.00) | (0.00) | −162.5% | |
| EBITDA | 0.8 | 0.2 | (0.3) | 1.4 | 4.8 | 6.7 | +39.5% | |
| Depreciation & amortization | 1.7 | 0.9 | 1.6 | 3.6 | 4.6 | 6.1 | +32.8% | |
| Weighted average shares (shares) | 113,831,139 | 114,490,828 | 114,490,828 | 390,083,306 | 390,083,306 | 390,083,306 | +0.0% | |
| Weighted average diluted shares (shares) | 113,831,139 | 114,490,828 | 114,490,828 | 391,532,677 | 390,083,306 | 390,083,306 | +0.0% | |
| Gross margin | −8.1% | 39.7% | 49.2% | 63.1% | 72.5% | 13.4% | −59.1 pts | |
| Operating margin | −13.7% | −8.7% | −16.8% | −20.0% | 3.9% | 2.7% | −1.1 pts | |
| Net margin | −30.0% | −12.9% | −12.1% | −14.7% | −1.8% | −3.6% | −1.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
