| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 368.2 | 304.3 | 320.1 | 341.1 | 350.1 | 373.0 | +6.5% | |
| Cost of revenue | 186.5 | 163.9 | 156.2 | 138.6 | 141.5 | 173.7 | +22.8% | |
| Gross profit | 181.7 | 140.4 | 164.0 | 202.5 | 208.6 | 199.2 | −4.5% | |
| Research & development | 1.4 | 1.6 | 1.7 | 13.3 | 13.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 101.4 | 79.5 | 110.1 | 134.1 | 196.6 | 121.0 | −38.4% | |
| Selling & marketing | (47.4) | (23.2) | (22.4) | (3.5) | 0.0 | 0.0 | — | |
| Operating expenses | 102.8 | 81.1 | 111.9 | 136.2 | 195.3 | 121.0 | −38.0% | |
| Operating income | 78.9 | 59.4 | 52.1 | 66.3 | 13.3 | 78.2 | +488.6% | |
| Interest expense | 5.8 | 8.3 | 14.5 | 19.7 | 11.0 | 10.6 | −3.8% | |
| Interest income | 0.7 | 0.0 | 0.0 | 0.2 | 0.2 | 0.1 | −51.3% | |
| Other income / expense | (5.8) | (9.0) | (13.6) | (19.9) | (10.3) | (9.3) | +10.2% | |
| Pre-tax income | 32.9 | 40.0 | 34.9 | 46.4 | 3.0 | 68.9 | +2230.6% | |
| Income tax | 12.1 | 8.5 | 8.3 | 12.2 | 14.0 | 17.2 | +22.7% | |
| Net income | 20.8 | 31.4 | 26.6 | 34.2 | (11.1) | 51.7 | +566.8% | |
| 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) | 0.06 | 0.09 | 0.08 | 0.10 | (0.03) | 0.16 | +614.5% | |
| EPS, diluted (per share) | 0.06 | 0.09 | 0.08 | 0.10 | (0.03) | 0.16 | +614.5% | |
| EBITDA | 50.4 | 62.6 | 72.0 | 91.8 | 40.8 | 104.6 | +156.4% | |
| Depreciation & amortization | 11.7 | 14.4 | 22.7 | 25.7 | 26.8 | 25.0 | −6.7% | |
| Weighted average shares (shares) | 339,036,292 | 339,036,292 | 340,061,402 | 343,093,868 | 356,141,330 | 319,509,187 | −10.3% | |
| Weighted average diluted shares (shares) | 345,625,737 | 345,993,719 | 346,922,224 | 354,787,805 | 356,141,330 | 330,753,569 | −7.1% | |
| Gross margin | 49.4% | 46.1% | 51.2% | 59.4% | 59.6% | 53.4% | −6.2 pts | |
| Operating margin | 21.4% | 19.5% | 16.3% | 19.4% | 3.8% | 21.0% | +17.2 pts | |
| Net margin | 5.6% | 10.3% | 8.3% | 10.0% | −3.2% | 13.9% | +17.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
