| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 174.5 | 276.6 | 326.9 | 307.4 | 352.8 | 378.8 | +7.4% | |
| Cost of revenue | 139.8 | 173.0 | 217.7 | 228.9 | 236.2 | 233.6 | −1.1% | |
| Gross profit | 34.8 | 103.6 | 109.2 | 78.5 | 116.6 | 145.2 | +24.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.6 | 5.4 | 4.6 | 5.4 | 5.9 | 6.4 | +8.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 3.0 | (10.9) | 7.6 | 3.2 | 0.9 | 6.6 | +635.3% | |
| Operating income | 31.3 | 114.6 | 101.6 | 75.3 | 115.7 | 138.6 | +19.8% | |
| Interest expense | 3.4 | 2.7 | 2.7 | 3.8 | 3.4 | 1.1 | −67.2% | |
| Interest income | 0.5 | 0.6 | 1.4 | 1.3 | 1.2 | 2.0 | +62.1% | |
| Other income / expense | (1.5) | 0.5 | 0.8 | (0.1) | 0.2 | 7.0 | +4597.2% | |
| Pre-tax income | 29.9 | 115.0 | 102.4 | 75.2 | 115.8 | 145.7 | +25.7% | |
| Income tax | 7.7 | 23.2 | 24.1 | 18.8 | 25.2 | 30.3 | +20.2% | |
| Net income | 20.4 | 86.4 | 73.1 | 52.5 | 87.9 | 113.5 | +29.2% | |
| 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) | 0.37 | 1.58 | 1.34 | 0.97 | 1.66 | 2.18 | +31.3% | |
| EPS, diluted (per share) | 0.37 | 1.58 | 1.33 | 0.97 | 1.65 | 2.17 | +31.5% | |
| EBITDA | 49.8 | 136.0 | 125.1 | 100.9 | 143.6 | 166.5 | +15.9% | |
| Depreciation & amortization | 17.9 | 20.8 | 22.1 | 24.3 | 26.7 | 27.8 | +4.3% | |
| Weighted average shares (shares) | 54,478,518 | 54,564,864 | 54,579,591 | 53,999,026 | 52,962,578 | 52,217,936 | −1.4% | |
| Weighted average diluted shares (shares) | 54,667,409 | 54,710,139 | 54,754,110 | 53,981,990 | 53,223,589 | 52,484,210 | −1.4% | |
| Gross margin | 19.9% | 37.5% | 33.4% | 25.5% | 33.0% | 38.3% | +5.3 pts | |
| Operating margin | 17.9% | 41.4% | 31.1% | 24.5% | 32.8% | 36.6% | +3.8 pts | |
| Net margin | 11.7% | 31.2% | 22.3% | 17.1% | 24.9% | 30.0% | +5.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
