| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33.7 | 21.2 | 143.4 | 112.1 | 128.2 | 121.4 | −5.3% | |
| Cost of revenue | 29.1 | 18.7 | 61.3 | 3.7 | 6.5 | 12.7 | +95.4% | |
| Gross profit | 4.6 | 2.5 | 82.1 | 100.7 | 121.7 | 108.7 | −10.7% | |
| Research & development | 2.4 | 2.4 | 2.4 | 2.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 27.2 | 36.7 | 47.0 | 78.1 | 57.3 | 84.5 | +47.5% | |
| Selling & marketing | 22.8 | 10.9 | 38.3 | 39.3 | 40.1 | 38.4 | −4.2% | |
| Operating expenses | 44.2 | 36.7 | 92.2 | 96.4 | 100.5 | 84.5 | −15.9% | |
| Operating income | (39.6) | (34.2) | 2.7 | 17.7 | 21.2 | 24.2 | +14.2% | |
| Interest expense | 0.8 | 1.0 | 0.8 | 1.5 | 2.4 | 2.6 | +8.3% | |
| Interest income | 0.4 | 0.1 | 0.3 | 4.1 | 7.8 | 7.6 | −2.6% | |
| Other income / expense | (4.9) | (2.5) | (0.5) | 2.4 | 5.3 | 3.7 | −30.2% | |
| Pre-tax income | (46.3) | (36.7) | 2.2 | 14.4 | 26.5 | 27.9 | +5.3% | |
| Income tax | (7.5) | (6.5) | 0.5 | 2.3 | 6.3 | 3.3 | −47.6% | |
| Net income | (38.8) | (30.2) | 1.6 | 10.1 | 13.0 | 8.6 | −33.8% | |
| Discontinued operations | 0.0 | 0.0 | (0.1) | (0.5) | (7.2) | (16.0) | −122.2% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | (0.5) | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.28) | (0.19) | 0.01 | 0.06 | 0.08 | 0.05 | −29.8% | |
| EPS, diluted (per share) | (0.28) | (0.19) | 0.01 | 0.06 | 0.08 | 0.05 | −31.2% | |
| EBITDA | (32.4) | (23.3) | 19.0 | 30.9 | 44.0 | 43.2 | −1.8% | |
| Depreciation & amortization | 11.4 | 11.9 | 12.8 | 15.0 | 15.1 | 12.7 | −15.9% | |
| Weighted average shares (shares) | 140,200,000 | 159,300,000 | 165,900,000 | 166,500,000 | 166,900,000 | 157,300,000 | −5.8% | |
| Weighted average diluted shares (shares) | 140,200,000 | 159,300,000 | 166,700,000 | 167,800,000 | 169,800,000 | 163,300,000 | −3.8% | |
| Gross margin | 13.6% | 11.8% | 57.3% | 89.8% | 94.9% | 89.5% | −5.4 pts | |
| Operating margin | −117.5% | −161.3% | 1.9% | 15.8% | 16.5% | 19.9% | +3.4 pts | |
| Net margin | −115.1% | −142.5% | 1.1% | 9.0% | 10.1% | 7.1% | −3.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
