| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.9 | 27.9 | 31.3 | 36.8 | 41.8 | 48.7 | +16.5% | |
| Cost of revenue | 7.6 | 8.9 | 9.1 | 10.3 | 11.6 | 19.1 | +64.7% | |
| Gross profit | 16.3 | 19.0 | 22.2 | 26.5 | 30.2 | 29.6 | −2.0% | |
| Research & development | 6.8 | 4.6 | 3.2 | 2.3 | 2.5 | 2.6 | +4.0% | |
| Selling, general & administrative | 26.8 | 18.7 | 17.2 | 19.6 | 20.0 | 20.4 | +2.0% | |
| Selling & marketing | 16.6 | 11.9 | 9.7 | 11.2 | 11.2 | 11.4 | +1.8% | |
| Operating expenses | 33.6 | 23.3 | 20.4 | 21.9 | 22.5 | 18.9 | −16.0% | |
| Operating income | (17.3) | (4.3) | 1.8 | 4.6 | 7.7 | 10.7 | +39.0% | |
| Interest expense | 0.3 | 0.3 | 0.1 | 0.2 | 0.2 | 0.2 | +0.0% | |
| Interest income | 0.1 | 0.0 | 0.3 | 0.8 | 0.9 | 0.4 | −55.6% | |
| Other income / expense | (1.1) | 2.2 | 8.7 | (0.5) | 0.1 | 0.5 | +400.0% | |
| Pre-tax income | (18.4) | (2.1) | 10.5 | 4.1 | 7.8 | 11.2 | +43.6% | |
| Income tax | 8.4 | (4.4) | (3.6) | (5.4) | 4.4 | 4.2 | −4.5% | |
| Net income | (33.5) | 3.6 | 16.1 | 10.7 | 3.7 | 7.0 | +89.2% | |
| Discontinued operations | (6.7) | 1.3 | 2.0 | 1.2 | 0.3 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.09) | 0.01 | 0.04 | 0.03 | 0.01 | 0.02 | +92.0% | |
| EPS, diluted (per share) | (0.09) | 0.01 | 0.04 | 0.02 | 0.01 | 0.02 | +97.6% | |
| EBITDA | (9.1) | 3.1 | 15.2 | 8.6 | 12.2 | 14.8 | +21.3% | |
| Depreciation & amortization | 9.0 | 4.9 | 4.6 | 4.4 | 4.2 | 4.1 | −2.4% | |
| Weighted average shares (shares) | 381,860,000 | 412,605,000 | 419,199,000 | 420,205,000 | 418,212,000 | 414,168,243 | −1.0% | |
| Weighted average diluted shares (shares) | 381,860,000 | 435,830,000 | 442,998,000 | 449,278,000 | 448,206,000 | 426,215,694 | −4.9% | |
| Gross margin | 68.2% | 68.1% | 70.9% | 72.0% | 72.2% | 60.8% | −11.5 pts | |
| Operating margin | −72.4% | −15.4% | 5.8% | 12.5% | 18.4% | 22.0% | +3.6 pts | |
| Net margin | −140.2% | 12.9% | 51.4% | 29.1% | 8.9% | 14.4% | +5.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
