| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.0 | 13.6 | 10.9 | 9.4 | 12.0 | 14.9 | +24.4% | |
| Cost of revenue | 9.3 | 8.1 | 5.9 | 4.7 | 6.6 | 9.0 | +36.2% | |
| Gross profit | 3.7 | 5.5 | 5.0 | 4.8 | 5.4 | 6.0 | +10.1% | |
| Research & development | 0.9 | 0.5 | 0.1 | 0.0 | 0.0 | 0.0 | +2.7% | |
| Selling, general & administrative | 3.5 | 4.4 | 4.6 | 5.9 | 6.7 | 7.9 | +17.3% | |
| Selling & marketing | (1.3) | (0.5) | (0.1) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.4 | 4.9 | 4.7 | 5.9 | 6.7 | 6.4 | −4.1% | |
| Operating income | (0.7) | 0.6 | 0.2 | (1.2) | (1.3) | (0.4) | +65.6% | |
| Interest expense | 0.1 | 0.1 | 0.0 | 0.0 | 0.2 | 0.2 | +32.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Other income / expense | (0.1) | (0.1) | (0.0) | (0.0) | (0.2) | (0.2) | −41.5% | |
| Pre-tax income | (1.2) | 0.5 | 0.2 | (1.2) | (1.4) | (0.7) | +52.9% | |
| Income tax | (0.7) | (0.4) | (0.3) | (0.1) | (0.3) | (0.3) | +12.3% | |
| Net income | (0.6) | 0.9 | 0.5 | (1.1) | (1.1) | (0.4) | +64.0% | |
| 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) | (0.01) | 0.02 | 0.01 | (0.02) | (0.02) | (0.01) | +65.1% | |
| EPS, diluted (per share) | (0.01) | 0.01 | 0.01 | (0.02) | (0.02) | (0.01) | +65.1% | |
| EBITDA | (0.2) | 1.5 | 1.1 | (0.3) | (0.1) | 1.0 | +1401.3% | |
| Depreciation & amortization | 1.0 | 0.9 | 0.9 | 0.9 | 1.2 | 1.4 | +21.4% | |
| Weighted average shares (shares) | 57,526,000 | 57,441,000 | 56,528,000 | 56,528,000 | 58,817,000 | 60,705,000 | +3.2% | |
| Weighted average diluted shares (shares) | 57,526,000 | 58,744,000 | 57,830,000 | 56,528,000 | 58,817,000 | 60,705,000 | +3.2% | |
| Gross margin | 28.6% | 40.4% | 45.6% | 50.5% | 45.3% | 40.1% | −5.2 pts | |
| Operating margin | −5.5% | 4.1% | 2.0% | −12.6% | −10.5% | −2.9% | +7.6 pts | |
| Net margin | −4.5% | 6.4% | 4.8% | −11.1% | −9.4% | −2.7% | +6.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
