| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 79.5 | 71.9 | 193.6 | 215.1 | 230.4 | 250.5 | +8.7% | |
| Cost of revenue | 31.5 | 30.4 | 50.7 | 78.2 | 84.9 | 125.4 | +47.6% | |
| Gross profit | 48.0 | 41.5 | 142.9 | 136.9 | 145.5 | 125.1 | −14.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 39.5 | 36.0 | 80.9 | 53.7 | 90.2 | 68.1 | −24.5% | |
| Selling & marketing | 0.2 | 0.6 | 34.6 | 0.9 | 1.4 | 0.0 | −100.0% | |
| Operating expenses | 39.5 | 36.0 | 80.9 | 82.8 | 92.0 | 68.1 | −26.0% | |
| Operating income | 8.5 | 5.6 | 55.4 | 54.1 | 53.5 | 57.0 | +6.6% | |
| Interest expense | 8.7 | 9.1 | 8.8 | 10.4 | 12.5 | 14.0 | +12.1% | |
| Interest income | 0.1 | 0.0 | 0.0 | 1.4 | 1.7 | 0.8 | −52.0% | |
| Other income / expense | (7.3) | (5.1) | (8.8) | (9.0) | (10.7) | (12.7) | −18.5% | |
| Pre-tax income | 1.2 | 0.5 | 46.7 | 45.1 | 42.8 | 44.3 | +3.6% | |
| Income tax | (0.2) | (1.3) | 9.2 | 10.9 | 12.8 | 9.7 | −24.7% | |
| Net income | 1.4 | 1.7 | 37.5 | 34.2 | 29.9 | 34.6 | +15.7% | |
| 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) | 0.01 | 0.01 | 0.22 | 0.20 | 0.17 | 0.20 | +17.6% | |
| EPS, diluted (per share) | 0.01 | 0.01 | 0.22 | 0.20 | 0.17 | 0.20 | +17.6% | |
| EBITDA | 29.8 | 29.7 | 76.7 | 79.0 | 82.1 | 89.9 | +9.5% | |
| Depreciation & amortization | 19.9 | 20.1 | 21.4 | 23.9 | 26.9 | 31.7 | +17.9% | |
| Weighted average shares (shares) | 153,401,639 | 164,607,791 | 170,949,286 | 171,468,034 | 171,647,892 | 170,629,123 | −0.6% | |
| Weighted average diluted shares (shares) | 154,337,377 | 165,467,223 | 171,912,504 | 172,301,914 | 172,802,113 | 171,845,138 | −0.6% | |
| Gross margin | 60.4% | 57.8% | 73.8% | 63.6% | 63.2% | 50.0% | −13.2 pts | |
| Operating margin | 10.7% | 7.7% | 28.6% | 25.1% | 23.2% | 22.8% | −0.5 pts | |
| Net margin | 1.7% | 2.4% | 19.3% | 15.9% | 13.0% | 13.8% | +0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
