| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.0 | 81.1 | 83.6 | 85.8 | 90.0 | 92.5 | +2.8% | |
| Cost of revenue | 34.3 | 39.3 | 52.3 | 44.4 | 47.5 | 49.0 | +3.2% | |
| Gross profit | 38.6 | 41.8 | 31.3 | 41.4 | 42.5 | 43.5 | +2.3% | |
| Research & development | 6.1 | 6.8 | 5.0 | 5.6 | 6.1 | 8.2 | +33.6% | |
| Selling, general & administrative | 26.9 | 27.8 | 22.8 | 26.3 | 24.5 | 33.0 | +34.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | (8.6) | 0.0 | 0.0 | — | |
| Operating expenses | 29.5 | 32.9 | 30.6 | 31.8 | 30.7 | 29.7 | −3.2% | |
| Operating income | 10.2 | 9.8 | 2.4 | 9.5 | 11.9 | 13.8 | +16.6% | |
| Interest expense | 0.3 | 0.2 | 0.3 | 0.9 | 1.2 | 0.7 | −39.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.2 | +1150.0% | |
| Other income / expense | (1.7) | (1.1) | (2.1) | (2.9) | (1.0) | (1.3) | −28.2% | |
| Pre-tax income | 8.5 | 8.6 | 0.4 | 6.6 | 5.9 | 12.5 | +113.2% | |
| Income tax | 2.2 | 1.6 | 0.9 | 1.3 | 0.4 | 3.6 | +863.2% | |
| Net income | 6.4 | 7.0 | (0.5) | 5.3 | 5.5 | 8.9 | +62.7% | |
| 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) | 0.03 | 0.03 | (0.00) | 0.02 | 0.03 | 0.04 | +62.3% | |
| EPS, diluted (per share) | 0.03 | 0.03 | (0.00) | 0.02 | 0.03 | 0.04 | +62.2% | |
| EBITDA | 12.9 | 12.4 | 4.9 | 11.2 | 11.2 | 17.5 | +55.8% | |
| Depreciation & amortization | 4.1 | 3.6 | 4.1 | 3.8 | 4.2 | 3.7 | −12.9% | |
| Weighted average shares (shares) | 203,986,000 | 207,934,000 | 211,627,000 | 214,180,000 | 213,520,000 | 214,067,000 | +0.3% | |
| Weighted average diluted shares (shares) | 208,216,000 | 214,981,000 | 211,627,000 | 215,806,000 | 216,035,000 | 216,469,000 | +0.2% | |
| Gross margin | 53.0% | 51.5% | 37.5% | 48.3% | 47.2% | 47.0% | −0.2 pts | |
| Operating margin | 13.9% | 12.0% | 2.9% | 11.1% | 13.2% | 14.9% | +1.8 pts | |
| Net margin | 8.7% | 8.6% | −0.6% | 6.2% | 6.1% | 9.7% | +3.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
