| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 938.4 | 970.7 | 1,099.6 | 1,064.1 | 892.1 | 781.1 | −12.4% | |
| Cost of revenue | 636.0 | 617.1 | 671.4 | 677.3 | 570.7 | 529.4 | −7.2% | |
| Gross profit | 302.4 | 353.6 | 428.2 | 386.8 | 321.4 | 251.7 | −21.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 287.6 | 299.5 | 370.0 | 360.5 | 316.2 | 266.6 | −15.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 1.3 | 0.0 | 0.0 | — | |
| Operating expenses | 287.6 | 299.5 | 370.0 | 360.5 | 316.2 | 266.6 | −15.7% | |
| Operating income | 14.8 | 54.1 | 58.2 | 26.3 | 5.2 | (14.9) | −386.5% | |
| Interest expense | 3.8 | 3.0 | 3.5 | 4.8 | 4.6 | 5.1 | +10.9% | |
| Interest income | 1.0 | 0.4 | 0.4 | 0.6 | 0.7 | 0.5 | −28.6% | |
| Other income / expense | (2.7) | (3.9) | (2.6) | (5.5) | (4.7) | (4.7) | +0.0% | |
| Pre-tax income | 12.1 | 50.2 | 55.6 | 20.8 | 0.5 | (19.6) | −4020.0% | |
| Income tax | 6.4 | 16.7 | 16.5 | 7.4 | 6.5 | 7.2 | +10.8% | |
| Net income | 5.7 | 33.5 | 39.1 | 13.4 | (6.0) | (26.8) | −346.7% | |
| 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) | 0.08 | 0.46 | 0.56 | 0.20 | (0.09) | (0.41) | −349.6% | |
| EPS, diluted (per share) | 0.08 | 0.44 | 0.53 | 0.19 | (0.09) | (0.41) | −349.6% | |
| EBITDA | 39.2 | 74.2 | 80.8 | 49.6 | 28.1 | 8.0 | −71.5% | |
| Depreciation & amortization | 23.3 | 21.0 | 21.7 | 24.0 | 23.0 | 22.5 | −2.2% | |
| Weighted average shares (shares) | 71,633,088 | 72,326,321 | 69,577,743 | 66,784,888 | 65,754,865 | 65,778,977 | +0.0% | |
| Weighted average diluted shares (shares) | 75,667,211 | 76,592,671 | 73,265,159 | 70,485,372 | 65,754,146 | 65,778,977 | +0.0% | |
| Gross margin | 32.2% | 36.4% | 38.9% | 36.3% | 36.0% | 32.2% | −3.8 pts | |
| Operating margin | 1.6% | 5.6% | 5.3% | 2.5% | 0.6% | −1.9% | −2.5 pts | |
| Net margin | 0.6% | 3.5% | 3.6% | 1.3% | −0.7% | −3.4% | −2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
