| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.9 | 33.1 | 37.4 | 39.8 | 39.2 | 41.4 | +5.7% | |
| Cost of revenue | 4.1 | 4.6 | 4.7 | 5.2 | 4.8 | 5.3 | +10.0% | |
| Gross profit | 24.8 | 28.6 | 32.7 | 34.6 | 34.3 | 36.1 | +5.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.5 | 2.4 | 3.0 | 3.5 | 7.5 | 5.0 | −33.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.3 | 0.5 | 0.5 | 0.4 | −7.2% | |
| Operating expenses | 2.6 | 2.4 | 5.2 | 7.6 | 68.0 | 3.7 | −94.6% | |
| Operating income | 22.3 | 26.2 | 27.5 | 27.0 | 27.2 | 32.4 | +19.4% | |
| Interest expense | 4.7 | 5.5 | 7.3 | 7.3 | 7.3 | 7.7 | +5.6% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | +100.7% | |
| Other income / expense | 2.3 | 2.2 | (2.6) | 8.0 | (63.5) | (29.4) | +53.7% | |
| Pre-tax income | 24.6 | 28.4 | 24.9 | 35.0 | (36.4) | 3.0 | +108.2% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 24.6 | 28.4 | 24.9 | 35.0 | (36.4) | 3.0 | +108.2% | |
| 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) | 0.07 | 0.07 | 0.06 | 0.09 | (0.09) | 0.01 | +108.2% | |
| EPS, diluted (per share) | 0.07 | 0.07 | 0.06 | 0.09 | (0.09) | 0.01 | +108.2% | |
| EBITDA | 22.3 | 26.2 | 27.5 | 27.0 | 27.2 | 10.7 | −60.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 360,853,102 | 402,789,000 | 402,789,000 | 397,007,975 | 393,466,490 | 393,466,490 | +0.0% | |
| Weighted average diluted shares (shares) | 360,853,102 | 402,789,000 | 402,789,000 | 397,007,975 | 393,466,490 | 393,466,490 | +0.0% | |
| Gross margin | 85.8% | 86.3% | 87.4% | 86.9% | 87.7% | 87.2% | −0.5 pts | |
| Operating margin | 76.9% | 79.1% | 73.4% | 67.9% | 69.3% | 78.3% | +8.9 pts | |
| Net margin | 85.0% | 85.8% | 66.6% | 87.8% | −92.9% | 7.2% | +100.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
