| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.0 | 24.0 | 27.2 | 27.3 | 67.3 | 84.3 | +25.2% | |
| Cost of revenue | 1.6 | 5.3 | 7.4 | 5.4 | 22.3 | 42.4 | +89.6% | |
| Gross profit | 9.4 | 18.8 | 19.8 | 21.9 | 45.0 | 41.9 | −6.8% | |
| Research & development | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Selling, general & administrative | 1.1 | 3.5 | 3.1 | 3.4 | 7.1 | 6.2 | −12.7% | |
| Selling & marketing | 0.3 | 1.0 | 1.0 | (9.2) | 2.2 | 2.2 | +1.7% | |
| Operating expenses | 4.7 | 13.1 | 10.5 | 12.6 | 29.7 | 17.6 | −40.8% | |
| Operating income | 4.8 | 7.5 | 9.3 | 9.3 | 15.2 | 24.3 | +59.6% | |
| Interest expense | 0.0 | 0.3 | 0.5 | 0.4 | 1.2 | 1.1 | −11.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | 0.3 | +25.6% | |
| Other income / expense | 0.0 | (1.1) | (0.5) | (0.3) | (0.9) | 0.0 | +103.8% | |
| Pre-tax income | 4.8 | 6.4 | 8.8 | 9.0 | 14.3 | 24.4 | +70.3% | |
| Income tax | 1.0 | 2.7 | 1.6 | 1.6 | 4.2 | 5.3 | +26.7% | |
| Net income | 3.8 | 3.5 | 7.2 | 7.4 | 10.2 | 19.0 | +86.9% | |
| Discontinued operations | 0.0 | (0.2) | 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) | 0.15 | 0.11 | 0.23 | 0.23 | 0.16 | 0.30 | +87.5% | |
| EPS, diluted (per share) | 0.14 | 0.11 | 0.22 | 0.22 | 0.16 | 0.30 | +87.5% | |
| EBITDA | 5.6 | 9.4 | 11.4 | 11.3 | 20.8 | 31.9 | +53.4% | |
| Depreciation & amortization | 0.9 | 1.9 | 2.1 | 2.0 | 5.3 | 6.4 | +22.2% | |
| Weighted average shares (shares) | 25,822,750 | 30,622,102 | 32,041,966 | 33,613,789 | 63,752,008 | 63,752,008 | +0.0% | |
| Weighted average diluted shares (shares) | 26,342,567 | 30,721,692 | 32,141,592 | 33,561,469 | 63,752,008 | 63,804,407 | +0.1% | |
| Gross margin | 85.7% | 78.1% | 72.9% | 80.2% | 66.8% | 49.7% | −17.1 pts | |
| Operating margin | 43.2% | 31.2% | 34.2% | 34.0% | 22.6% | 28.9% | +6.2 pts | |
| Net margin | 34.3% | 14.4% | 26.6% | 27.1% | 15.1% | 22.6% | +7.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
