| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26.8 | 60.3 | 74.9 | 65.0 | 73.4 | 82.1 | +11.8% | |
| Cost of revenue | 20.6 | 47.1 | 60.7 | 67.6 | 59.0 | 68.5 | +16.1% | |
| Gross profit | 6.2 | 13.3 | 14.2 | (2.6) | 14.4 | 13.6 | −5.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.3 | 11.5 | 14.9 | 14.1 | 13.3 | 14.8 | +11.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 9.3 | 11.5 | 14.5 | 14.1 | 13.3 | 11.2 | −16.0% | |
| Operating income | (3.1) | 1.8 | (0.3) | (16.7) | 1.0 | 2.4 | +126.2% | |
| Interest expense | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.4 | +225.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −9.7% | |
| Other income / expense | (0.2) | (0.1) | (0.1) | (0.1) | (0.1) | (1.4) | −852.0% | |
| Pre-tax income | (3.3) | 1.7 | (0.4) | (16.8) | 0.9 | 1.0 | +12.1% | |
| Income tax | 0.0 | (5.3) | 0.3 | 2.7 | (0.0) | 0.0 | +283.8% | |
| Net income | (3.3) | 7.0 | (0.8) | (19.4) | 0.9 | 1.0 | +7.3% | |
| 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) | (0.23) | 0.45 | (0.05) | (1.19) | 0.06 | 0.06 | +2.7% | |
| EPS, diluted (per share) | (0.23) | 0.40 | (0.05) | (1.19) | 0.05 | 0.05 | +5.2% | |
| EBITDA | (3.0) | 1.9 | (0.3) | (16.4) | 1.1 | 2.6 | +143.5% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.0 | 0.3 | 0.0 | 0.2 | +867.9% | |
| Weighted average shares (shares) | 14,276,000 | 17,353,000 | 16,192,000 | 16,357,000 | 18,380,000 | 17,111,000 | −6.9% | |
| Weighted average diluted shares (shares) | 14,276,000 | 17,353,000 | 16,192,000 | 16,357,000 | 18,369,000 | 18,765,000 | +2.2% | |
| Gross margin | 23.2% | 22.0% | 19.0% | −4.0% | 19.6% | 16.5% | −3.1 pts | |
| Operating margin | −11.5% | 3.0% | −0.4% | −25.6% | 1.4% | 2.9% | +1.5 pts | |
| Net margin | −12.3% | 11.6% | −1.0% | −29.9% | 1.3% | 1.2% | −0.1 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.
