| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 189.0 | 206.1 | 214.2 | 195.2 | 166.1 | 162.1 | −2.5% | |
| Cost of revenue | 115.0 | 147.2 | 156.2 | 135.0 | 49.3 | 100.4 | +103.8% | |
| Gross profit | 74.0 | 59.0 | 57.9 | 60.2 | 116.9 | 61.6 | −47.3% | |
| Research & development | 7.8 | 1.3 | 3.1 | 4.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 51.9 | 50.8 | 56.7 | 51.5 | 50.2 | 51.9 | +3.4% | |
| Selling & marketing | 22.9 | 24.6 | 26.9 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 56.9 | 55.4 | 79.5 | 106.7 | 122.8 | 51.9 | −57.7% | |
| Operating income | 10.6 | 3.6 | (21.6) | (46.5) | (6.0) | 9.7 | +263.1% | |
| Interest expense | 1.0 | 1.1 | 2.8 | 6.0 | 6.7 | 6.7 | −0.0% | |
| Interest income | 0.0 | 0.0 | 0.6 | 1.0 | 0.8 | 1.1 | +41.7% | |
| Other income / expense | (1.0) | 0.0 | 0.8 | 5.3 | (6.2) | (6.5) | −5.7% | |
| Pre-tax income | 9.5 | 3.6 | (20.8) | (41.2) | (12.1) | 3.2 | +126.5% | |
| Income tax | 1.9 | 1.4 | (4.7) | 2.1 | (8.3) | 1.0 | +112.3% | |
| Net income | 7.6 | 4.2 | (14.5) | (29.1) | (4.7) | 2.2 | +146.3% | |
| Discontinued operations | 0.0 | 2.0 | 1.6 | 14.2 | (0.9) | 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 | 0.05 | (0.17) | (0.35) | (0.06) | 0.03 | +145.2% | |
| EPS, diluted (per share) | 0.09 | 0.05 | (0.17) | (0.35) | (0.06) | 0.03 | +144.7% | |
| EBITDA | 16.9 | 11.2 | (13.9) | 26.8 | (1.3) | 11.8 | +993.2% | |
| Depreciation & amortization | 6.8 | 6.7 | 7.3 | 8.4 | 5.2 | 4.1 | −20.2% | |
| Weighted average shares (shares) | 82,576,000 | 83,150,000 | 83,256,000 | 83,256,116 | 83,256,000 | 85,281,000 | +2.4% | |
| Weighted average diluted shares (shares) | 83,464,000 | 84,452,000 | 84,591,000 | 83,256,000 | 83,256,000 | 86,373,000 | +3.7% | |
| Gross margin | 39.1% | 28.6% | 27.1% | 30.8% | 70.3% | 38.0% | −32.3 pts | |
| Operating margin | 5.6% | 1.7% | −10.1% | −23.8% | −3.6% | 6.0% | +9.6 pts | |
| Net margin | 4.0% | 2.0% | −6.8% | −14.9% | −2.9% | 1.4% | +4.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
