| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 323.3 | 394.6 | 462.5 | 420.0 | 395.4 | 347.4 | −12.1% | |
| Cost of revenue | 281.9 | 145.2 | 191.4 | 391.5 | 164.0 | 296.6 | +80.8% | |
| Gross profit | 41.4 | 249.3 | 271.1 | 51.4 | 231.4 | 50.8 | −78.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.3 | 39.4 | 48.5 | 36.6 | 31.6 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 38.3 | 222.7 | 260.6 | 36.6 | 208.9 | 29.0 | −86.1% | |
| Operating income | 3.1 | 27.3 | 13.5 | 5.7 | 22.5 | 21.8 | −3.1% | |
| Interest expense | 4.2 | 4.5 | 4.4 | 5.4 | 5.6 | 6.2 | +10.1% | |
| Interest income | 0.4 | 0.3 | 0.4 | 0.8 | 0.9 | 0.5 | −40.1% | |
| Other income / expense | (11.6) | (5.6) | (7.1) | (17.4) | (4.4) | (17.2) | −294.1% | |
| Pre-tax income | (8.5) | 21.6 | 5.4 | 0.6 | 18.1 | 4.6 | −74.7% | |
| Income tax | 1.4 | 8.5 | 5.2 | 3.5 | 6.4 | 6.6 | +3.2% | |
| Net income | (9.9) | 12.8 | 0.1 | (3.5) | 14.7 | (2.2) | −115.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 1.0 | 3.1 | 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) | 0.11 | 0.00 | (0.03) | 0.12 | (0.02) | −115.3% | |
| EPS, diluted (per share) | (0.09) | 0.09 | 0.00 | (0.03) | 0.12 | (0.02) | −115.3% | |
| EBITDA | 9.4 | 36.9 | 20.2 | 15.6 | 30.9 | 28.7 | −7.0% | |
| Depreciation & amortization | 13.9 | 10.6 | 10.4 | 9.7 | 7.4 | 7.0 | −6.4% | |
| Weighted average shares (shares) | 108,783,000 | 121,130,000 | 122,257,000 | 122,257,000 | 121,616,000 | 121,616,000 | +0.0% | |
| Weighted average diluted shares (shares) | 108,783,000 | 135,994,000 | 122,257,000 | 122,257,000 | 126,839,000 | 121,616,000 | −4.1% | |
| Gross margin | 12.8% | 63.2% | 58.6% | 12.2% | 58.5% | 14.6% | −43.9 pts | |
| Operating margin | 1.0% | 6.9% | 2.9% | 1.3% | 5.7% | 6.3% | +0.6 pts | |
| Net margin | −3.1% | 3.2% | 0.0% | −0.8% | 3.7% | −0.6% | −4.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
