| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 37.6 | 52.2 | 63.3 | 44.7 | 34.7 | 36.3 | +4.5% | |
| Cost of revenue | 15.1 | 18.1 | 20.7 | 67.2 | 35.0 | 27.9 | −20.5% | |
| Gross profit | 22.5 | 34.0 | 42.6 | (22.5) | (0.3) | 8.4 | +2611.8% | |
| Research & development | 4.5 | 3.8 | 5.9 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 8.7 | 14.5 | 34.4 | 26.1 | 19.1 | 16.0 | −16.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 14.9 | 21.5 | 26.7 | 41.2 | 20.0 | 4.4 | −77.9% | |
| Operating income | 7.7 | 12.5 | 15.9 | (63.8) | (20.4) | 4.0 | +119.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −28.2% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.4 | 0.1 | 0.0 | −97.2% | |
| Other income / expense | 0.0 | (0.0) | 0.0 | 0.3 | 0.1 | (6.9) | −5986.8% | |
| Pre-tax income | 7.7 | 12.5 | 15.9 | (63.5) | (20.3) | (2.9) | +85.6% | |
| Income tax | 2.8 | 4.3 | 4.4 | (0.6) | 0.3 | 0.5 | +62.8% | |
| Net income | 4.9 | 8.3 | 11.5 | (62.5) | (20.5) | (3.3) | +84.1% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.1) | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.02 | 0.04 | 0.06 | (0.31) | (0.05) | (0.01) | +84.8% | |
| EPS, diluted (per share) | 0.02 | 0.04 | 0.06 | (0.31) | (0.05) | (0.01) | +84.8% | |
| EBITDA | 13.3 | 17.8 | 26.5 | (47.5) | (5.8) | 14.8 | +353.5% | |
| Depreciation & amortization | 5.6 | 5.3 | 10.5 | 15.9 | 14.4 | 10.8 | −25.2% | |
| Weighted average shares (shares) | 201,526,460 | 191,241,890 | 203,421,359 | 203,704,246 | 380,044,074 | 397,219,319 | +4.5% | |
| Weighted average diluted shares (shares) | 201,526,460 | 196,175,829 | 205,857,634 | 203,877,356 | 383,484,707 | 397,219,319 | +3.6% | |
| Gross margin | 59.8% | 65.3% | 67.3% | −50.4% | −1.0% | 23.1% | +24.1 pts | |
| Operating margin | 20.4% | 24.0% | 25.2% | −142.8% | −58.7% | 10.9% | +69.7 pts | |
| Net margin | 13.1% | 15.9% | 18.2% | −140.0% | −59.1% | −9.0% | +50.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
