| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 285.1 | 364.4 | 463.4 | 510.9 | 542.5 | 582.7 | +7.4% | |
| Cost of revenue | 255.2 | 297.0 | 348.7 | 372.3 | 348.7 | 447.5 | +28.3% | |
| Gross profit | 29.9 | 67.4 | 114.7 | 138.6 | 193.8 | 135.2 | −30.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 33.9 | 36.2 | 47.2 | 63.7 | 64.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 33.9 | 36.2 | 47.2 | 63.7 | 114.5 | 74.1 | −35.3% | |
| Operating income | (4.0) | 31.2 | 67.5 | 76.4 | 79.3 | 61.1 | −23.0% | |
| Interest expense | 8.9 | 20.5 | 11.4 | 13.4 | 15.4 | 15.8 | +2.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.3 | +50.0% | |
| Other income / expense | (8.9) | (20.1) | (15.1) | (10.8) | (15.2) | (17.2) | −13.2% | |
| Pre-tax income | (16.4) | 11.1 | 52.4 | 65.6 | 64.1 | 43.9 | −31.5% | |
| Income tax | (2.8) | 3.0 | 8.2 | 16.1 | 16.3 | 12.7 | −22.1% | |
| Net income | (13.6) | 8.1 | 44.2 | 49.5 | 47.8 | 31.2 | −34.7% | |
| 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) | (0.04) | 0.02 | 0.13 | 0.14 | 0.14 | 0.09 | −36.0% | |
| EPS, diluted (per share) | (0.04) | 0.02 | 0.13 | 0.14 | 0.14 | 0.09 | −36.1% | |
| EBITDA | 43.2 | 70.3 | 108.9 | 125.3 | 127.0 | 114.6 | −9.8% | |
| Depreciation & amortization | 50.7 | 49.1 | 46.0 | 46.3 | 48.5 | 53.5 | +10.3% | |
| Weighted average shares (shares) | 341,626,396 | 341,770,579 | 342,328,622 | 343,339,468 | 348,907,656 | 348,196,571 | −0.2% | |
| Weighted average diluted shares (shares) | 341,626,396 | 343,614,116 | 343,932,729 | 347,279,935 | 349,205,439 | 348,968,213 | −0.1% | |
| Gross margin | 10.5% | 18.5% | 24.8% | 27.1% | 35.7% | 23.2% | −12.5 pts | |
| Operating margin | −1.4% | 8.6% | 14.6% | 15.0% | 14.6% | 10.5% | −4.1 pts | |
| Net margin | −4.8% | 2.2% | 9.5% | 9.7% | 8.8% | 5.4% | −3.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
