| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 143.3 | 137.8 | 182.7 | 202.5 | 270.0 | 306.4 | +13.5% | |
| Cost of revenue | 90.0 | 81.2 | 117.9 | 126.3 | 179.6 | 219.1 | +22.0% | |
| Gross profit | 53.4 | 56.6 | 64.9 | 76.3 | 90.4 | 87.3 | −3.5% | |
| Research & development | 9.5 | 12.3 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 35.3 | 39.4 | 49.6 | 55.1 | 59.6 | 55.8 | −6.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 45.4 | 46.2 | 49.6 | 55.1 | 64.3 | 55.8 | −13.3% | |
| Operating income | 7.8 | 11.1 | 15.3 | 21.2 | 26.1 | 31.5 | +20.7% | |
| Interest expense | 0.8 | 0.9 | 1.3 | 1.7 | 1.6 | 2.5 | +56.8% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.5 | 1.1 | 0.5 | −59.6% | |
| Other income / expense | (0.8) | (0.9) | (1.3) | (4.2) | (0.5) | (2.6) | −439.0% | |
| Pre-tax income | 7.1 | 10.2 | 13.9 | 17.0 | 25.6 | 29.0 | +13.0% | |
| Income tax | 1.6 | 1.5 | 2.7 | 1.7 | 6.0 | 4.7 | −22.2% | |
| Net income | 5.5 | 9.2 | 11.4 | 15.3 | 19.2 | 23.9 | +24.2% | |
| 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) | 0.13 | 0.23 | 0.28 | 0.38 | 0.45 | 0.52 | +15.6% | |
| EPS, diluted (per share) | 0.13 | 0.22 | 0.28 | 0.38 | 0.44 | 0.51 | +15.9% | |
| EBITDA | 21.4 | 21.8 | 23.1 | 29.2 | 35.6 | 44.9 | +26.2% | |
| Depreciation & amortization | 13.6 | 10.8 | 7.8 | 7.7 | 8.5 | 13.4 | +57.3% | |
| Weighted average shares (shares) | 40,841,923 | 40,813,569 | 40,673,953 | 40,445,297 | 42,712,549 | 45,767,387 | +7.2% | |
| Weighted average diluted shares (shares) | 41,255,172 | 41,043,670 | 40,761,991 | 40,601,936 | 43,497,201 | 46,603,515 | +7.1% | |
| Gross margin | 37.2% | 41.1% | 35.5% | 37.7% | 33.5% | 28.5% | −5.0 pts | |
| Operating margin | 5.4% | 8.0% | 8.3% | 10.5% | 9.7% | 10.3% | +0.6 pts | |
| Net margin | 3.8% | 6.7% | 6.2% | 7.6% | 7.1% | 7.8% | +0.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
