| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 222.4 | 230.6 | 341.4 | 359.4 | 328.4 | 251.5 | −23.4% | |
| Cost of revenue | 182.0 | 175.1 | 259.8 | 282.6 | 253.8 | 185.7 | −26.8% | |
| Gross profit | 40.4 | 55.5 | 81.6 | 76.8 | 74.5 | 65.8 | −11.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 32.8 | 39.5 | 41.5 | 39.5 | 47.3 | 40.3 | −14.9% | |
| Selling & marketing | 6.2 | 8.7 | 5.6 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 32.8 | 39.5 | 41.5 | 36.6 | 40.3 | 40.3 | −0.1% | |
| Operating income | 17.5 | 35.6 | 46.5 | 40.2 | 34.2 | 26.1 | −23.6% | |
| Interest expense | 0.8 | 0.8 | 2.2 | 6.3 | 8.7 | 8.0 | −8.1% | |
| Interest income | 0.5 | 0.1 | 1.2 | 3.4 | 5.1 | 2.1 | −58.2% | |
| Other income / expense | (0.4) | (0.4) | (0.9) | (2.9) | (3.6) | 0.3 | +108.0% | |
| Pre-tax income | 17.1 | 35.1 | 45.6 | 37.3 | 30.7 | 26.4 | −13.8% | |
| Income tax | 3.4 | 4.5 | 7.7 | 8.8 | 7.0 | 8.1 | +14.7% | |
| Net income | 11.9 | 28.2 | 33.3 | 26.3 | 23.3 | 21.5 | −7.8% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.09 | 0.21 | 0.25 | 0.20 | 0.17 | 0.16 | −5.9% | |
| EPS, diluted (per share) | 0.09 | 0.21 | 0.25 | 0.19 | 0.17 | 0.16 | −5.9% | |
| EBITDA | 21.2 | 31.8 | 43.9 | 48.9 | 44.8 | 39.8 | −11.2% | |
| Depreciation & amortization | 5.2 | 4.8 | 5.2 | 5.8 | 5.4 | 5.4 | −1.5% | |
| Weighted average shares (shares) | 132,689,575 | 132,825,085 | 133,048,271 | 133,528,033 | 133,677,925 | 134,099,000 | +0.3% | |
| Weighted average diluted shares (shares) | 133,379,967 | 135,470,543 | 135,339,051 | 136,325,718 | 136,992,247 | 134,099,000 | −2.1% | |
| Gross margin | 18.2% | 24.1% | 23.9% | 21.4% | 22.7% | 26.2% | +3.5 pts | |
| Operating margin | 7.9% | 15.4% | 13.6% | 11.2% | 10.4% | 10.4% | −0.0 pts | |
| Net margin | 5.4% | 12.2% | 9.8% | 7.3% | 7.1% | 8.6% | +1.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
