| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 178.0 | 154.1 | 167.5 | 115.3 | 118.0 | 97.3 | −17.6% | |
| Cost of revenue | 144.9 | 136.5 | 141.1 | 112.9 | 113.6 | 100.5 | −11.5% | |
| Gross profit | 33.2 | 17.6 | 26.4 | 2.3 | 4.4 | (3.2) | −172.8% | |
| Research & development | 0.9 | 2.0 | 7.9 | 7.8 | 9.6 | 0.0 | −100.0% | |
| Selling, general & administrative | 34.7 | 37.7 | 31.2 | 25.5 | 30.0 | 21.5 | −28.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | (6.9) | 0.0 | 0.0 | — | |
| Operating expenses | 38.7 | 37.7 | 99.4 | 28.1 | 37.4 | 21.5 | −42.6% | |
| Operating income | (5.5) | (20.1) | (3.0) | (25.8) | (33.0) | (24.7) | +25.0% | |
| Interest expense | 2.2 | 2.2 | 2.4 | 3.0 | 3.9 | 7.3 | +84.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | — | |
| Other income / expense | 1.6 | (2.2) | (2.4) | (3.0) | (3.9) | (12.3) | −212.3% | |
| Pre-tax income | (3.9) | (22.2) | (75.4) | (28.8) | (36.9) | (37.0) | −0.3% | |
| Income tax | (1.0) | 8.8 | (0.9) | 0.6 | 1.3 | (0.3) | −126.6% | |
| Net income | (3.3) | (31.0) | (74.5) | (29.4) | (38.2) | (36.7) | +3.9% | |
| 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) | (0.00) | (0.04) | (0.09) | (0.03) | (0.04) | (0.04) | +4.8% | |
| EPS, diluted (per share) | (0.00) | (0.04) | (0.09) | (0.03) | (0.04) | (0.04) | +4.8% | |
| EBITDA | 19.0 | 5.2 | (46.7) | (1.1) | (6.2) | (0.5) | +91.9% | |
| Depreciation & amortization | 24.5 | 25.2 | 26.3 | 24.7 | 26.7 | 24.2 | −9.5% | |
| Weighted average shares (shares) | 797,228,579 | 801,653,662 | 804,466,357 | 896,744,318 | 964,315,248 | 972,928,093 | +0.9% | |
| Weighted average diluted shares (shares) | 808,623,877 | 805,750,965 | 813,263,770 | 896,744,318 | 978,607,008 | 972,928,093 | −0.6% | |
| Gross margin | 18.6% | 11.5% | 15.8% | 2.0% | 3.8% | −3.3% | −7.1 pts | |
| Operating margin | −3.1% | −13.0% | −1.8% | −22.4% | −27.9% | −25.4% | +2.5 pts | |
| Net margin | −1.8% | −20.1% | −44.5% | −25.5% | −32.3% | −37.7% | −5.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
