| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 80.5 | 106.0 | 172.9 | 204.0 | 226.3 | 244.9 | +8.2% | |
| Cost of revenue | 51.1 | 54.4 | 61.5 | 2.8 | 2.9 | 65.4 | +2155.2% | |
| Gross profit | 29.4 | 51.6 | 111.4 | 201.2 | 223.4 | 179.5 | −19.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 62.0 | 78.7 | 102.2 | 128.4 | 0.5 | 0.3 | −40.0% | |
| Selling & marketing | (50.7) | 78.5 | 101.9 | 128.0 | 0.0 | 0.0 | — | |
| Operating expenses | 62.0 | 78.7 | 102.2 | 187.9 | 200.5 | 148.6 | −25.9% | |
| Operating income | (33.9) | (27.1) | 9.2 | 13.3 | 22.9 | 30.9 | +34.9% | |
| Interest expense | 14.6 | 16.6 | 15.9 | 21.4 | 20.7 | 20.9 | +1.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.3 | 0.5 | 0.5 | +0.0% | |
| Other income / expense | (13.3) | (17.1) | (17.1) | (21.6) | (20.4) | (23.5) | −15.2% | |
| Pre-tax income | (47.2) | (44.2) | (19.4) | (8.3) | 2.5 | 7.4 | +196.0% | |
| Income tax | (10.8) | (8.8) | (0.1) | 0.1 | (1.9) | 0.0 | +100.0% | |
| Net income | (36.4) | (35.4) | (19.3) | (8.4) | 4.4 | 7.4 | +68.2% | |
| 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) | (0.23) | (0.21) | (0.11) | (0.05) | 0.02 | 0.04 | +69.4% | |
| EPS, diluted (per share) | (0.23) | (0.21) | (0.11) | (0.05) | 0.02 | 0.04 | +67.2% | |
| EBITDA | (9.1) | 25.1 | 56.2 | 70.8 | 83.4 | 90.8 | +8.9% | |
| Depreciation & amortization | 23.9 | 52.7 | 59.5 | 57.7 | 60.2 | 62.5 | +3.8% | |
| Weighted average shares (shares) | 157,292,003 | 171,060,028 | 177,251,348 | 178,512,563 | 177,153,298 | 176,039,282 | −0.6% | |
| Weighted average diluted shares (shares) | 157,292,003 | 171,060,028 | 177,251,348 | 178,512,563 | 184,656,674 | 186,084,720 | +0.8% | |
| Gross margin | 36.6% | 48.7% | 64.4% | 98.6% | 98.7% | 73.3% | −25.4 pts | |
| Operating margin | −42.1% | −25.6% | 5.3% | 6.5% | 10.1% | 12.6% | +2.5 pts | |
| Net margin | −45.2% | −33.4% | −11.2% | −4.1% | 1.9% | 3.0% | +1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
