| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.7 | 8.4 | 12.4 | 7.8 | 4.2 | 6.0 | +44.6% | |
| Cost of revenue | 4.0 | 5.0 | 7.2 | 4.3 | 2.9 | 5.2 | +79.4% | |
| Gross profit | 2.7 | 3.3 | 5.2 | 3.5 | 1.3 | 0.9 | −33.0% | |
| Research & development | 0.6 | 0.6 | 0.6 | 0.6 | 0.0 | 0.5 | — | |
| Selling, general & administrative | 4.6 | 5.2 | 5.8 | 6.0 | 6.0 | 3.8 | −36.4% | |
| Selling & marketing | 1.7 | 1.9 | 2.2 | 2.5 | 1.9 | 0.0 | −100.0% | |
| Operating expenses | 5.2 | 5.1 | 6.4 | 6.5 | 6.0 | 4.3 | −28.5% | |
| Operating income | (2.5) | (1.8) | (1.2) | (3.0) | (4.7) | (3.4) | +27.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −15.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | −44.9% | |
| Other income / expense | (0.3) | 0.0 | 0.2 | 0.0 | 0.0 | (0.3) | −1626.3% | |
| Pre-tax income | (2.8) | (1.9) | (1.0) | (2.9) | (4.7) | (3.7) | +20.8% | |
| Income tax | (0.3) | (0.2) | (0.2) | (0.1) | 0.1 | (0.1) | −195.7% | |
| Net income | (2.5) | (1.7) | (0.8) | (2.8) | (4.6) | (3.6) | +21.1% | |
| 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) | (0.02) | (0.01) | (0.01) | (0.02) | (0.03) | (0.01) | +63.7% | |
| EPS, diluted (per share) | (0.02) | (0.01) | (0.01) | (0.02) | (0.03) | (0.01) | +63.7% | |
| EBITDA | (2.2) | (1.3) | (0.3) | (2.4) | (4.1) | (2.8) | +31.9% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | +5.9% | |
| Weighted average shares (shares) | 145,515,022 | 145,853,091 | 147,138,774 | 153,197,717 | 165,366,227 | 358,901,476 | +117.0% | |
| Weighted average diluted shares (shares) | 145,515,022 | 145,853,091 | 147,138,774 | 153,197,717 | 165,366,227 | 358,901,476 | +117.0% | |
| Gross margin | 40.2% | 40.0% | 41.9% | 45.1% | 31.0% | 14.3% | −16.6 pts | |
| Operating margin | −37.0% | −21.6% | −9.6% | −38.3% | −113.3% | −57.0% | +56.3 pts | |
| Net margin | −37.2% | −19.8% | −6.5% | −36.4% | −110.6% | −60.3% | +50.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
