| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 175.1 | 245.6 | 243.3 | 197.9 | 169.9 | 134.4 | −20.9% | |
| Cost of revenue | 11.3 | 14.3 | 13.6 | 11.8 | 23.3 | 11.4 | −51.1% | |
| Gross profit | 154.9 | 231.3 | 229.8 | 186.1 | 146.6 | 123.0 | −16.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 66.8 | 139.1 | 147.7 | 134.6 | 87.7 | 69.8 | −20.4% | |
| Selling & marketing | 0.0 | 43.9 | 39.4 | 40.4 | 33.8 | 0.0 | −100.0% | |
| Operating expenses | 112.8 | 144.3 | 171.2 | 187.9 | 134.9 | 108.6 | −19.5% | |
| Operating income | 35.0 | 79.4 | 49.0 | (1.8) | 20.4 | 14.4 | −29.3% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.2 | — | |
| Interest income | 0.0 | 0.0 | 0.4 | 1.3 | 2.2 | 1.1 | −51.1% | |
| Other income / expense | (0.1) | (0.1) | 0.3 | 1.3 | 1.9 | 0.0 | −99.3% | |
| Pre-tax income | 34.9 | 79.3 | 49.3 | (0.6) | 22.3 | 14.4 | −35.3% | |
| Income tax | 7.3 | 20.1 | 10.0 | 2.9 | 5.6 | 4.8 | −14.0% | |
| Net income | 27.7 | 59.2 | 39.3 | (3.5) | 16.7 | 9.6 | −42.5% | |
| 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) | 0.47 | 0.98 | 0.61 | (0.05) | 0.26 | 0.15 | −42.7% | |
| EPS, diluted (per share) | 0.46 | 0.97 | 0.61 | (0.05) | 0.26 | 0.15 | −42.7% | |
| EBITDA | 42.5 | 91.5 | 92.3 | 13.6 | 31.6 | 24.5 | −22.4% | |
| Depreciation & amortization | 7.4 | 12.1 | 31.5 | 14.1 | 11.2 | 9.9 | −11.5% | |
| Weighted average shares (shares) | 58,847,000 | 60,629,000 | 63,999,000 | 63,875,000 | 63,717,000 | 62,349,163 | −2.1% | |
| Weighted average diluted shares (shares) | 59,831,000 | 61,277,000 | 64,251,000 | 63,898,000 | 63,719,000 | 62,383,751 | −2.1% | |
| Gross margin | 88.5% | 94.2% | 94.4% | 94.0% | 86.3% | 91.5% | +5.2 pts | |
| Operating margin | 20.0% | 32.3% | 20.1% | −0.9% | 12.0% | 10.7% | −1.3 pts | |
| Net margin | 15.8% | 24.1% | 16.2% | −1.8% | 9.8% | 7.1% | −2.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
