| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 115.7 | 136.4 | 154.2 | 166.3 | 155.5 | 150.1 | −3.4% | |
| Cost of revenue | 90.5 | 107.7 | 117.9 | 125.8 | 117.2 | 117.4 | +0.2% | |
| Gross profit | 25.2 | 28.7 | 36.3 | 40.5 | 38.3 | 32.7 | −14.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 16.5 | 18.0 | 18.5 | 22.4 | 22.6 | 23.4 | +3.7% | |
| Selling & marketing | (1.2) | (2.2) | (3.5) | (3.2) | (2.2) | 0.0 | +100.0% | |
| Operating expenses | 16.5 | 18.0 | 18.5 | 22.4 | 22.6 | 23.4 | +3.7% | |
| Operating income | 8.7 | 10.7 | 17.8 | 18.1 | 15.7 | 9.3 | −40.8% | |
| Interest expense | 0.8 | 0.5 | 0.9 | 1.2 | 1.4 | 1.7 | +23.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Other income / expense | (0.8) | (0.5) | (0.8) | (1.1) | (1.4) | (1.2) | +10.3% | |
| Pre-tax income | 8.4 | 9.5 | 15.4 | 16.0 | 14.3 | 8.0 | −43.8% | |
| Income tax | 1.7 | 2.2 | 3.1 | 3.4 | 3.8 | 2.2 | −40.8% | |
| Net income | 6.6 | 7.3 | 12.4 | 12.6 | 10.5 | 5.8 | −44.8% | |
| 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) | 0.08 | 0.09 | 0.14 | 0.15 | 0.12 | 0.07 | −43.1% | |
| EPS, diluted (per share) | 0.08 | 0.09 | 0.14 | 0.14 | 0.12 | 0.07 | −44.0% | |
| EBITDA | 10.6 | 11.6 | 18.4 | 19.5 | 17.9 | 11.9 | −33.5% | |
| Depreciation & amortization | 1.4 | 1.6 | 2.1 | 2.2 | 2.2 | 2.1 | −1.9% | |
| Weighted average shares (shares) | 78,532,058 | 78,465,191 | 86,353,827 | 86,310,315 | 86,556,581 | 84,981,047 | −1.8% | |
| Weighted average diluted shares (shares) | 79,893,675 | 80,504,681 | 88,934,652 | 87,886,723 | 87,531,079 | 86,374,103 | −1.3% | |
| Gross margin | 21.8% | 21.0% | 23.5% | 24.4% | 24.6% | 21.8% | −2.8 pts | |
| Operating margin | 7.5% | 7.8% | 11.5% | 10.9% | 10.1% | 6.2% | −3.9 pts | |
| Net margin | 5.7% | 5.4% | 8.0% | 7.6% | 6.8% | 3.9% | −2.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
