| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 65.3 | 81.8 | 66.6 | 52.6 | 50.2 | 51.6 | +2.7% | |
| Cost of revenue | 27.8 | 42.5 | 42.6 | 28.8 | 28.7 | 25.1 | −12.6% | |
| Gross profit | 37.4 | 39.4 | 24.0 | 23.9 | 21.5 | 26.5 | +23.3% | |
| Research & development | 1.4 | 1.4 | 1.5 | 1.8 | 1.3 | 1.4 | +7.0% | |
| Selling, general & administrative | 20.7 | 17.7 | 23.2 | 17.9 | 13.7 | 19.7 | +44.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | (1.8) | 0.0 | 0.0 | — | |
| Operating expenses | 20.5 | 17.6 | 33.0 | 21.8 | 15.0 | 19.5 | +29.8% | |
| Operating income | 16.9 | 21.7 | 7.6 | 2.1 | 6.5 | 7.0 | +8.0% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | −9.9% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.1 | 0.2 | 0.3 | +50.6% | |
| Other income / expense | (1.5) | (0.3) | (16.5) | 0.1 | (0.2) | 0.1 | +155.1% | |
| Pre-tax income | 15.4 | 21.4 | (8.9) | 2.1 | 6.3 | 7.1 | +13.1% | |
| Income tax | 4.0 | 5.3 | 0.6 | (0.6) | (0.3) | 4.6 | +1550.6% | |
| Net income | 11.1 | 15.9 | (10.1) | 2.4 | 6.2 | 2.1 | −66.0% | |
| 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) | 0.02 | 0.03 | (0.02) | 0.01 | 0.01 | 0.00 | −65.9% | |
| EPS, diluted (per share) | 0.02 | 0.03 | (0.02) | 0.01 | 0.01 | 0.00 | −65.9% | |
| EBITDA | 20.0 | 27.4 | (2.2) | 7.7 | 11.2 | 12.4 | +11.1% | |
| Depreciation & amortization | 4.6 | 5.9 | 6.7 | 5.5 | 4.7 | 5.4 | +14.2% | |
| Weighted average shares (shares) | 454,524,101 | 457,001,067 | 457,180,086 | 454,105,359 | 453,730,564 | 448,330,087 | −1.2% | |
| Weighted average diluted shares (shares) | 458,803,076 | 460,957,067 | 457,180,086 | 454,105,359 | 453,730,564 | 448,470,937 | −1.2% | |
| Gross margin | 57.3% | 48.1% | 36.1% | 45.3% | 42.8% | 51.4% | +8.6 pts | |
| Operating margin | 25.9% | 26.6% | 11.4% | 4.0% | 12.9% | 13.5% | +0.7 pts | |
| Net margin | 17.0% | 19.4% | −15.2% | 4.5% | 12.4% | 4.1% | −8.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
