| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 15.6 | 17.1 | 16.3 | 25.4 | 56.3 | 55.5 | −1.4% | |
| Cost of revenue | 12.9 | 5.6 | 6.0 | 9.4 | 21.9 | 48.0 | +119.7% | |
| Gross profit | 2.6 | 11.4 | 10.3 | 16.1 | 34.5 | 7.5 | −78.2% | |
| Research & development | 1.8 | 1.9 | 1.8 | 2.4 | 0.0 | 7.0 | — | |
| Selling, general & administrative | 6.3 | 6.4 | 6.9 | 0.0 | 0.1 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 9.5 | 9.4 | 10.0 | 12.5 | 21.0 | 3.8 | −81.9% | |
| Operating income | 0.6 | 2.0 | 0.2 | 3.6 | 13.4 | 3.7 | −72.3% | |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | +77.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.3 | +68.7% | |
| Other income / expense | (0.4) | (0.1) | (0.2) | (0.2) | (0.1) | — | — | |
| Pre-tax income | 0.2 | 1.9 | 0.1 | 3.4 | 13.4 | 3.8 | −71.9% | |
| Income tax | 0.2 | 0.4 | (0.4) | 0.2 | (0.7) | (0.8) | −20.4% | |
| Net income | 0.1 | 1.5 | 0.5 | 3.1 | 14.0 | 4.6 | −67.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.00 | 0.01 | 0.00 | 0.01 | 0.06 | 0.02 | −67.8% | |
| EPS, diluted (per share) | 0.00 | 0.01 | 0.00 | 0.01 | 0.06 | 0.02 | −70.6% | |
| EBITDA | 1.6 | 3.3 | 1.3 | 4.9 | 15.5 | 6.7 | −57.0% | |
| Depreciation & amortization | 1.2 | 1.2 | 1.0 | 1.2 | 1.9 | 2.9 | +59.0% | |
| Weighted average shares (shares) | 213,397,000 | 214,726,000 | 215,121,000 | 222,765,957 | 218,854,000 | 219,797,000 | +0.4% | |
| Weighted average diluted shares (shares) | 214,294,000 | 215,594,000 | 216,479,000 | 222,895,000 | 232,243,000 | 256,400,000 | +10.4% | |
| Gross margin | 16.9% | 66.9% | 63.2% | 63.2% | 61.2% | 13.5% | −47.6 pts | |
| Operating margin | 4.1% | 11.6% | 1.5% | 14.2% | 23.9% | 6.7% | −17.2 pts | |
| Net margin | 0.4% | 8.6% | 2.9% | 12.4% | 24.9% | 8.2% | −16.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
