| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 574.3 | 593.4 | 689.7 | 668.8 | 672.8 | 658.1 | −2.2% | |
| Cost of revenue | 342.1 | 367.4 | 450.4 | 490.1 | 465.8 | — | — | |
| Gross profit | 232.2 | 226.0 | 239.3 | 178.7 | 672.8 | — | — | |
| Research & development | 68.1 | 72.9 | 93.3 | 37.3 | 15.6 | — | — | |
| Selling, general & administrative | 96.7 | 89.4 | 93.1 | 109.1 | 122.9 | — | — | |
| Selling & marketing | 0.3 | 0.2 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 171.7 | 171.6 | (649.2) | 172.3 | 630.4 | 529.9 | −15.9% | |
| Operating income | 61.5 | 56.6 | 40.5 | 6.4 | 42.4 | 87.3 | +105.9% | |
| Interest expense | 4.5 | 6.2 | 14.9 | 21.7 | 20.5 | 16.3 | −20.5% | |
| Interest income | 0.4 | 0.4 | 1.1 | 3.9 | 2.6 | 0.9 | −65.4% | |
| Other income / expense | 8.1 | (1.0) | (1.1) | (0.9) | (13.9) | — | — | |
| Pre-tax income | 55.8 | 48.4 | 39.4 | 5.5 | 28.5 | 275.8 | +867.7% | |
| Income tax | 9.0 | 11.7 | 16.6 | 3.1 | 9.2 | 25.0 | +171.7% | |
| Net income | 47.3 | 40.9 | 33.3 | 7.9 | 19.3 | 285.3 | +1378.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 13.1 | 5.2 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.73 | 0.63 | 0.51 | 0.12 | 0.29 | 4.32 | +1388.2% | |
| EPS, diluted (per share) | 0.72 | 0.62 | 0.50 | 0.12 | 0.29 | 4.25 | +1365.9% | |
| EBITDA | 82.3 | 79.8 | 87.5 | 73.7 | 93.7 | 128.2 | +36.8% | |
| Depreciation & amortization | 35.1 | 39.1 | 43.7 | 46.9 | 44.7 | 40.9 | −8.5% | |
| Weighted average shares (shares) | 65,108,000 | 65,394,999 | 65,557,000 | 65,686,000 | 65,910,000 | 66,105,000 | +0.3% | |
| Weighted average diluted shares (shares) | 65,662,000 | 65,714,000 | 65,998,000 | 66,174,000 | 66,839,000 | 67,113,000 | +0.4% | |
| Gross margin | 40.4% | 38.1% | 34.7% | 26.7% | 100.0% | — | — | |
| Operating margin | 10.7% | 9.5% | 5.9% | 1.0% | 6.3% | 13.3% | +7.0 pts | |
| Net margin | 8.2% | 6.9% | 4.8% | 1.2% | 2.9% | 43.4% | +40.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
