| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 358.2 | 443.3 | 603.8 | 639.4 | 661.4 | 631.4 | −4.5% | |
| Cost of revenue | 13.3 | 16.5 | 21.8 | 30.4 | 33.7 | 44.9 | +33.2% | |
| Gross profit | 344.9 | 426.8 | 582.0 | 609.0 | 627.7 | 586.5 | −6.6% | |
| Research & development | 13.7 | 15.1 | 21.2 | 16.2 | 16.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 298.5 | 355.7 | 481.2 | 508.1 | 525.4 | 514.3 | −2.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.3 | 0.2 | 0.0 | −100.0% | |
| Operating expenses | 359.6 | 355.9 | 481.7 | 509.2 | 529.2 | 505.6 | −4.5% | |
| Operating income | 48.8 | 70.8 | 100.0 | 99.8 | 98.5 | 80.9 | −17.9% | |
| Interest expense | 3.1 | 3.1 | 2.2 | 2.2 | 1.4 | 2.4 | +71.4% | |
| Interest income | 1.2 | 0.1 | 1.7 | 10.4 | 14.3 | 14.0 | −2.1% | |
| Other income / expense | (1.7) | (1.7) | 0.1 | 9.0 | 13.6 | 5.8 | −57.4% | |
| Pre-tax income | (16.4) | 69.1 | 100.1 | 108.8 | 112.1 | 86.7 | −22.7% | |
| Income tax | 9.4 | 14.7 | 20.5 | 23.0 | 25.8 | 20.1 | −22.1% | |
| Net income | (28.9) | 50.1 | 75.6 | 83.8 | 84.9 | 65.7 | −22.6% | |
| 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) | (0.95) | 1.65 | 2.48 | 2.75 | 2.77 | 2.14 | −22.7% | |
| EPS, diluted (per share) | (0.95) | 1.63 | 2.46 | 2.73 | 2.75 | 2.13 | −22.5% | |
| EBITDA | 1.2 | 86.2 | 120.1 | 108.6 | 134.2 | 102.9 | −23.3% | |
| Depreciation & amortization | 14.5 | 14.9 | 17.8 | 8.2 | 20.2 | 22.0 | +8.9% | |
| Weighted average shares (shares) | 30,342,678 | 30,400,000 | 30,500,000 | 30,500,000 | 30,700,000 | 30,700,000 | +0.0% | |
| Weighted average diluted shares (shares) | 30,342,678 | 30,400,000 | 30,700,000 | 30,700,000 | 30,900,000 | 30,900,000 | +0.0% | |
| Gross margin | 96.3% | 96.3% | 96.4% | 95.2% | 94.9% | 92.9% | −2.0 pts | |
| Operating margin | 13.6% | 16.0% | 16.6% | 15.6% | 14.9% | 12.8% | −2.1 pts | |
| Net margin | −8.1% | 11.3% | 12.5% | 13.1% | 12.8% | 10.4% | −2.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
