| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 393.6 | 145.8 | 184.4 | 207.0 | 217.1 | 220.6 | +1.6% | |
| Cost of revenue | 306.7 | 22.5 | 35.0 | 61.2 | 53.9 | 56.4 | +4.6% | |
| Gross profit | 86.9 | 123.3 | 149.4 | 145.8 | 163.3 | 164.2 | +0.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 52.0 | 81.2 | 98.5 | 89.1 | 96.9 | 104.3 | +7.6% | |
| Selling & marketing | (2.3) | 16.1 | 20.8 | 1.5 | 0.2 | 0.0 | −100.0% | |
| Operating expenses | 52.0 | 81.2 | 98.5 | 89.1 | 96.8 | 101.3 | +4.6% | |
| Operating income | 34.9 | 42.1 | 50.9 | 56.7 | 66.4 | 62.9 | −5.3% | |
| Interest expense | 0.2 | 0.6 | 0.5 | 0.4 | 0.3 | 0.3 | +9.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 5.1 | 8.5 | 7.6 | −10.7% | |
| Other income / expense | (0.2) | (0.6) | (0.5) | 4.9 | 8.2 | 6.9 | −15.7% | |
| Pre-tax income | 26.7 | 41.6 | 50.4 | 61.6 | 74.6 | 69.8 | −6.4% | |
| Income tax | 6.7 | 8.7 | 10.0 | 14.7 | 19.8 | 18.6 | −6.2% | |
| Net income | 19.9 | 32.9 | 40.4 | 46.9 | 54.8 | 51.3 | −6.5% | |
| 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) | 0.09 | 0.14 | 0.17 | 0.19 | 0.23 | 0.21 | −8.7% | |
| EPS, diluted (per share) | 0.08 | 0.13 | 0.16 | 0.19 | 0.22 | 0.21 | −4.5% | |
| EBITDA | 29.5 | 44.7 | 53.3 | 64.2 | 77.5 | 66.0 | −14.8% | |
| Depreciation & amortization | 2.7 | 2.6 | 2.5 | 2.4 | 2.6 | 3.1 | +17.6% | |
| Weighted average shares (shares) | 233,900,138 | 239,482,333 | 239,482,333 | 239,693,670 | 240,750,619 | 239,627,247 | −0.5% | |
| Weighted average diluted shares (shares) | 235,380,248 | 244,867,663 | 248,243,017 | 248,506,930 | 249,810,895 | 247,226,654 | −1.0% | |
| Gross margin | 22.1% | 84.6% | 81.0% | 70.4% | 75.2% | 74.4% | −0.7 pts | |
| Operating margin | 8.9% | 28.9% | 27.6% | 27.4% | 30.6% | 28.5% | −2.1 pts | |
| Net margin | 5.1% | 22.5% | 21.9% | 22.6% | 25.3% | 23.3% | −2.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
