| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16.5 | 22.3 | 40.7 | 45.5 | 49.5 | 52.4 | +5.8% | |
| Cost of revenue | 19.7 | 24.0 | 40.7 | 47.4 | 50.1 | 51.6 | +2.9% | |
| Gross profit | (3.2) | (1.7) | (0.0) | (1.9) | (0.6) | 0.8 | +230.7% | |
| Operating expenses | 4.6 | 5.1 | 2.6 | 3.1 | 2.4 | 2.2 | −7.4% | |
| Operating income | (7.8) | (6.7) | (2.6) | (5.1) | (3.0) | (1.4) | +53.5% | |
| Interest expense | 2.0 | 1.6 | 2.0 | 2.5 | 2.4 | 2.2 | −11.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | +3980.0% | |
| Pre-tax income | (14.4) | (3.7) | (7.2) | (6.7) | (3.4) | (2.7) | +18.6% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (14.4) | (3.7) | (7.2) | (6.7) | (3.4) | (2.7) | +18.6% | |
| EPS, basic (per share) | (0.17) | (0.05) | (0.09) | (0.08) | (0.02) | (0.02) | +22.0% | |
| EPS, diluted (per share) | (0.17) | (0.05) | (0.09) | (0.08) | (0.02) | (0.02) | +22.0% | |
| EBITDA | (5.0) | (2.8) | 2.1 | 0.5 | 2.5 | 4.5 | +83.8% | |
| Depreciation & amortization | 2.8 | 4.0 | 4.7 | 5.6 | 5.5 | 6.0 | +8.2% | |
| Weighted average shares (shares) | 83,198,954 | 82,143,398 | 82,143,398 | 82,143,398 | 168,180,186 | 175,045,265 | +4.1% | |
| Weighted average diluted shares (shares) | 83,198,954 | 82,143,398 | 82,143,398 | 82,143,398 | 168,180,186 | 175,045,265 | +4.1% | |
| Gross margin | −19.3% | −7.6% | −0.0% | −4.2% | −1.3% | 1.6% | +2.8 pts | |
| Operating margin | −47.4% | −30.2% | −6.4% | −11.1% | −6.1% | −2.7% | +3.4 pts | |
| Net margin | −87.7% | −16.7% | −17.7% | −14.7% | −6.8% | −5.2% | +1.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
