| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108.9 | 140.0 | 176.4 | 122.6 | 123.4 | 100.5 | −18.6% | |
| Cost of revenue | 78.7 | 99.6 | 135.0 | 89.8 | 90.7 | 74.1 | −18.3% | |
| Gross profit | 30.2 | 40.4 | 41.4 | 32.8 | 32.8 | 26.4 | −19.5% | |
| Research & development | 1.9 | 1.7 | 1.8 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 25.2 | 29.5 | 30.4 | 28.0 | 26.8 | 25.7 | −3.8% | |
| Selling & marketing | 7.4 | 8.2 | 8.3 | 8.5 | 6.4 | 5.7 | −10.8% | |
| Operating expenses | 25.2 | 27.2 | 29.9 | 27.5 | 26.2 | 22.0 | −16.0% | |
| Operating income | 5.0 | 13.2 | 11.4 | 5.3 | 6.5 | 4.4 | −33.5% | |
| Interest expense | 0.4 | 0.1 | 0.2 | 0.3 | 0.1 | 0.1 | +65.4% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | 0.3 | +57.6% | |
| Other income / expense | (1.1) | 2.1 | 0.0 | (0.6) | (0.9) | (6.2) | −614.7% | |
| Pre-tax income | 3.9 | 15.3 | 11.4 | 4.7 | 5.7 | (1.8) | −131.9% | |
| Income tax | 0.9 | 3.1 | 2.0 | 1.2 | 0.7 | (0.6) | −178.2% | |
| Net income | 3.2 | 12.2 | 9.4 | 3.5 | 5.0 | (1.2) | −125.1% | |
| 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) | 0.15 | 0.57 | 0.46 | 0.18 | 0.26 | (0.07) | −125.9% | |
| EPS, diluted (per share) | 0.15 | 0.56 | 0.45 | 0.18 | 0.26 | (0.07) | −125.9% | |
| EBITDA | 7.1 | 18.1 | 14.3 | 8.5 | 9.2 | 1.1 | −88.1% | |
| Depreciation & amortization | 2.7 | 2.7 | 2.7 | 3.6 | 3.5 | 2.8 | −19.7% | |
| Weighted average shares (shares) | 21,367,710 | 21,379,781 | 20,251,532 | 19,348,548 | 19,072,573 | 18,430,863 | −3.4% | |
| Weighted average diluted shares (shares) | 21,418,300 | 21,671,755 | 20,687,941 | 19,497,045 | 19,101,348 | 18,431,987 | −3.5% | |
| Gross margin | 27.7% | 28.9% | 23.4% | 26.7% | 26.5% | 26.2% | −0.3 pts | |
| Operating margin | 4.6% | 9.5% | 6.5% | 4.3% | 5.3% | 4.3% | −1.0 pts | |
| Net margin | 2.9% | 8.7% | 5.3% | 2.9% | 4.0% | −1.2% | −5.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
