| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 178.4 | 189.3 | 243.2 | 273.1 | 285.5 | 322.1 | +12.8% | |
| Cost of revenue | 119.8 | 115.1 | 142.2 | 148.8 | 220.0 | 184.7 | −16.0% | |
| Gross profit | 58.6 | 74.2 | 101.0 | 124.3 | 65.5 | 137.4 | +109.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 26.2 | 33.2 | 37.2 | 50.0 | 1.0 | 39.9 | +3890.0% | |
| Selling & marketing | (18.2) | (15.8) | (23.7) | (15.7) | (82.4) | 0.0 | +100.0% | |
| Operating expenses | 26.2 | 33.2 | 37.2 | 50.0 | 0.4 | 39.9 | +9875.0% | |
| Operating income | 32.4 | 41.0 | 63.8 | 73.7 | 65.1 | 97.5 | +49.8% | |
| Interest expense | 4.5 | 5.6 | 17.8 | 29.8 | 14.7 | 11.8 | −19.7% | |
| Interest income | 0.1 | 0.0 | 0.2 | 0.4 | 1.7 | 0.2 | −88.2% | |
| Other income / expense | (3.8) | (8.4) | (25.4) | (32.2) | (10.2) | (28.3) | −177.5% | |
| Pre-tax income | 28.6 | 32.6 | 38.4 | 41.5 | 54.9 | 69.2 | +26.0% | |
| Income tax | 6.0 | 7.7 | 7.9 | 10.7 | 18.4 | 19.1 | +3.8% | |
| Net income | 22.6 | 24.9 | 30.5 | 30.8 | 29.6 | 33.1 | +11.8% | |
| 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) | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | +17.9% | |
| EPS, diluted (per share) | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | +19.5% | |
| EBITDA | 51.9 | 51.5 | 72.7 | 88.1 | 86.2 | 104.0 | +20.6% | |
| Depreciation & amortization | 18.8 | 13.3 | 16.5 | 16.8 | 16.6 | 23.0 | +38.6% | |
| Weighted average shares (shares) | 829,999,999 | 810,714,285 | 804,999,999 | 807,100,000 | 789,100,000 | 748,600,000 | −5.1% | |
| Weighted average diluted shares (shares) | 891,428,571 | 878,571,428 | 832,857,142 | 818,200,000 | 799,400,000 | 749,600,000 | −6.2% | |
| Gross margin | 32.8% | 39.2% | 41.5% | 45.5% | 22.9% | 42.7% | +19.7 pts | |
| Operating margin | 18.2% | 21.7% | 26.2% | 27.0% | 22.8% | 30.3% | +7.5 pts | |
| Net margin | 12.7% | 13.2% | 12.5% | 11.3% | 10.4% | 10.3% | −0.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
