| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 598.0 | 615.8 | 743.6 | 802.5 | 757.1 | 727.1 | −4.0% | |
| Cost of revenue | 411.1 | 390.1 | 473.9 | 694.4 | 647.8 | 446.3 | −31.1% | |
| Gross profit | 186.9 | 225.7 | 269.7 | 108.1 | 109.3 | 280.8 | +156.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 124.6 | 156.0 | 174.8 | 0.6 | 186.4 | 181.5 | −2.6% | |
| Selling & marketing | 15.6 | 17.4 | 21.1 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 191.7 | 145.5 | 174.8 | (11.1) | 71.4 | 181.5 | +154.2% | |
| Operating income | 5.0 | 83.8 | 102.0 | 119.2 | 37.9 | 99.3 | +162.0% | |
| Interest expense | 6.6 | 6.5 | 7.0 | 7.9 | 6.9 | 9.5 | +37.7% | |
| Interest income | 0.2 | 0.3 | 0.4 | 0.8 | 0.8 | 0.4 | −50.0% | |
| Other income / expense | (6.5) | (6.3) | (6.7) | (7.5) | (9.5) | (24.8) | −161.1% | |
| Pre-tax income | (1.5) | 77.5 | 95.3 | 111.7 | 28.4 | 74.5 | +162.3% | |
| Income tax | (2.3) | 17.5 | 21.0 | 24.9 | 7.7 | 19.1 | +148.1% | |
| Net income | 0.4 | 59.5 | 73.7 | 85.6 | 20.0 | 54.9 | +174.5% | |
| 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) | 0.00 | 0.31 | 0.39 | 0.45 | 0.11 | 0.31 | +181.8% | |
| EPS, diluted (per share) | 0.00 | 0.31 | 0.39 | 0.45 | 0.11 | 0.31 | +181.8% | |
| EBITDA | 97.0 | 167.7 | 186.6 | 201.7 | 124.0 | 179.8 | +45.0% | |
| Depreciation & amortization | 91.9 | 83.7 | 84.3 | 82.1 | 85.7 | 80.5 | −6.1% | |
| Weighted average shares (shares) | 190,374,428 | 190,651,774 | 190,779,615 | 189,877,099 | 186,917,634 | 176,816,708 | −5.4% | |
| Weighted average diluted shares (shares) | 190,374,428 | 190,923,569 | 191,355,965 | 190,882,870 | 186,879,835 | 177,226,391 | −5.2% | |
| Gross margin | 31.3% | 36.7% | 36.3% | 13.5% | 14.4% | 38.6% | +24.2 pts | |
| Operating margin | 0.8% | 13.6% | 13.7% | 14.9% | 5.0% | 13.7% | +8.7 pts | |
| Net margin | 0.1% | 9.7% | 9.9% | 10.7% | 2.6% | 7.6% | +4.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
