| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.3 | 12.8 | 17.7 | 23.8 | 33.2 | 42.6 | +28.3% | |
| Cost of revenue | 4.5 | 6.5 | 8.4 | 10.8 | 11.1 | 0.4 | −96.8% | |
| Gross profit | 1.8 | 6.3 | 9.3 | 13.0 | 22.1 | 42.3 | +91.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 12.2 | 15.4 | 19.6 | 13.2 | 14.5 | 22.3 | +54.1% | |
| Selling & marketing | 8.2 | 12.9 | 16.6 | 9.7 | 9.9 | 16.0 | +61.6% | |
| Operating expenses | 14.6 | 26.9 | 31.0 | 23.7 | 25.3 | 50.1 | +97.8% | |
| Operating income | (12.8) | (20.6) | (22.4) | (10.7) | (3.2) | (7.8) | −142.7% | |
| Interest expense | 0.0 | 1.4 | 0.0 | 0.0 | 0.0 | 0.0 | −34.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 1.0 | +898.0% | |
| Other income / expense | (0.0) | (1.4) | (0.0) | (0.0) | 0.1 | 5.0 | +6523.7% | |
| Pre-tax income | (13.5) | (25.0) | (22.4) | (10.7) | (3.1) | (2.8) | +11.4% | |
| Income tax | (0.2) | (0.3) | (0.3) | (0.2) | (0.0) | 0.1 | +654.5% | |
| Net income | (13.3) | (24.6) | (22.1) | (10.6) | (3.1) | (2.9) | +9.1% | |
| 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) | (0.11) | (0.10) | (0.05) | (0.01) | (0.01) | +13.0% | |
| EPS, diluted (per share) | (0.06) | (0.11) | (0.10) | (0.05) | (0.01) | (0.01) | +13.0% | |
| EBITDA | (13.2) | (23.3) | (22.1) | (10.4) | (2.9) | (7.5) | −161.3% | |
| Depreciation & amortization | 0.2 | 0.3 | 0.3 | 0.3 | 0.1 | 0.4 | +147.9% | |
| Weighted average shares (shares) | 221,213,333 | 221,565,000 | 222,223,650 | 223,559,764 | 226,573,224 | 237,126,328 | +4.7% | |
| Weighted average diluted shares (shares) | 221,213,333 | 221,565,000 | 222,223,650 | 223,559,764 | 226,562,419 | 237,126,328 | +4.7% | |
| Gross margin | 28.6% | 49.2% | 52.6% | 54.7% | 66.5% | 99.2% | +32.6 pts | |
| Operating margin | −204.7% | −161.6% | −126.7% | −44.9% | −9.7% | −18.4% | −8.7 pts | |
| Net margin | −211.6% | −193.1% | −125.4% | −44.4% | −9.4% | −6.7% | +2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
