| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 518.2 | 442.4 | 478.1 | 496.2 | 437.7 | 394.4 | −9.9% | |
| Cost of revenue | 423.8 | 384.6 | 350.9 | 360.3 | 304.7 | 266.0 | −12.7% | |
| Gross profit | 94.4 | 103.6 | 127.2 | 135.9 | 133.0 | 128.4 | −3.5% | |
| Research & development | 0.1 | 5.6 | 2.5 | 1.3 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 98.7 | 118.9 | 97.5 | 109.6 | 101.6 | 110.4 | +8.7% | |
| Selling & marketing | 0.0 | 0.0 | (0.3) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 137.9 | 124.3 | 102.5 | 154.5 | 59.9 | 110.4 | +84.3% | |
| Operating income | (43.5) | (20.7) | 24.7 | (18.6) | 73.1 | 18.0 | −75.4% | |
| Interest expense | 9.2 | 8.5 | 10.9 | 24.5 | 21.2 | 16.5 | −22.2% | |
| Interest income | 0.2 | 0.3 | 0.7 | 2.9 | 2.5 | 2.2 | −12.0% | |
| Other income / expense | (9.0) | (8.2) | (10.2) | (21.3) | (19.1) | (13.7) | +28.3% | |
| Pre-tax income | (52.5) | (29.0) | 14.5 | (39.9) | 54.0 | 4.3 | −92.0% | |
| Income tax | 4.8 | (0.8) | 5.5 | 11.0 | 7.6 | 8.6 | +13.2% | |
| Net income | (57.3) | (27.8) | (11.1) | (62.4) | 46.3 | (4.4) | −109.5% | |
| Discontinued operations | 0.0 | (0.1) | (19.8) | (11.4) | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (1.14) | (0.55) | (0.22) | (1.24) | 0.92 | (0.09) | −109.5% | |
| EPS, diluted (per share) | (1.14) | (0.55) | (0.22) | (1.24) | 0.90 | (0.09) | −109.7% | |
| EBITDA | 3.9 | 21.8 | 64.9 | 24.4 | 112.4 | 63.8 | −43.2% | |
| Depreciation & amortization | 49.0 | 44.2 | 41.1 | 41.2 | 40.5 | 45.8 | +13.1% | |
| Weighted average shares (shares) | 50,342,732 | 50,345,477 | 50,345,989 | 50,358,388 | 50,364,912 | 50,421,974 | +0.1% | |
| Weighted average diluted shares (shares) | 50,342,732 | 50,345,477 | 50,345,989 | 50,358,388 | 51,640,361 | 50,421,974 | −2.4% | |
| Gross margin | 18.2% | 23.4% | 26.6% | 27.4% | 30.4% | 32.6% | +2.2 pts | |
| Operating margin | −8.4% | −4.7% | 5.2% | −3.7% | 16.7% | 4.6% | −12.1 pts | |
| Net margin | −11.1% | −6.3% | −2.3% | −12.6% | 10.6% | −1.1% | −11.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
