| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 107.1 | 144.5 | 137.8 | 168.4 | 188.0 | 176.9 | −5.9% | |
| Cost of revenue | 64.8 | 96.6 | 89.6 | 125.5 | 102.3 | 139.3 | +36.2% | |
| Gross profit | 42.3 | 47.9 | 48.2 | 42.9 | 85.7 | 37.6 | −56.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 24.1 | 24.6 | 22.4 | 0.0 | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 24.1 | 24.6 | 22.4 | 36.5 | 72.5 | 27.8 | −61.7% | |
| Operating income | 17.7 | 21.6 | 25.3 | 6.4 | 13.2 | 9.8 | −25.8% | |
| Interest expense | 1.5 | 1.5 | 1.6 | 5.7 | 6.3 | 6.4 | +1.6% | |
| Interest income | 1.5 | 1.5 | 1.6 | 2.8 | (1.3) | 0.0 | +100.0% | |
| Other income / expense | (11.0) | (1.5) | (3.1) | (6.4) | (2.8) | (15.7) | −460.7% | |
| Pre-tax income | 6.7 | 20.2 | 22.3 | 6.4 | 10.4 | (5.9) | −156.7% | |
| Income tax | (1.0) | 0.7 | 4.9 | (5.3) | (2.7) | (1.9) | +29.6% | |
| Net income | 7.6 | 19.4 | 17.5 | 4.5 | 10.8 | (5.0) | −146.3% | |
| 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) | 0.18 | 0.43 | 0.38 | 0.10 | 0.24 | (0.11) | −145.8% | |
| EPS, diluted (per share) | 0.18 | 0.41 | 0.37 | 0.09 | 0.23 | (0.11) | −147.8% | |
| EBITDA | 13.4 | 27.7 | 28.7 | 10.9 | 22.8 | 15.9 | −30.3% | |
| Depreciation & amortization | 5.1 | 5.3 | 4.8 | 5.2 | 6.1 | 6.1 | +0.0% | |
| Weighted average shares (shares) | 41,700,000 | 45,500,000 | 45,600,000 | 45,800,000 | 45,900,000 | 46,000,000 | +0.2% | |
| Weighted average diluted shares (shares) | 43,400,000 | 47,300,000 | 47,800,000 | 47,400,000 | 46,000,000 | 46,000,000 | +0.0% | |
| Gross margin | 39.5% | 33.1% | 35.0% | 25.5% | 45.6% | 21.3% | −24.3 pts | |
| Operating margin | 16.5% | 14.9% | 18.4% | 3.8% | 7.0% | 5.5% | −1.5 pts | |
| Net margin | 7.1% | 13.4% | 12.7% | 2.7% | 5.7% | −2.8% | −8.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
