| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162.3 | 186.8 | 212.5 | 224.2 | 223.5 | 234.3 | +4.8% | |
| Cost of revenue | 56.3 | 56.9 | 63.0 | 69.9 | 73.7 | 81.4 | +10.4% | |
| Gross profit | 106.0 | 129.9 | 149.5 | 154.3 | 149.8 | 152.9 | +2.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 20.1 | 32.1 | 27.0 | 17.7 | 15.9 | 18.9 | +18.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 19.7 | 28.7 | 26.0 | (76.1) | (276.0) | 19.2 | +107.0% | |
| Operating income | 86.3 | 101.2 | 123.5 | 230.4 | 425.8 | 133.7 | −68.6% | |
| Interest expense | 15.0 | 15.3 | 17.4 | 21.7 | 25.7 | 32.7 | +27.2% | |
| Interest income | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.5 | +400.0% | |
| Other income / expense | (14.3) | (12.4) | (15.7) | (22.6) | (27.2) | (6.6) | +75.7% | |
| Pre-tax income | 197.9 | 404.6 | 499.1 | 207.8 | 398.6 | 127.1 | −68.1% | |
| Income tax | 19.9 | 22.6 | 35.9 | 7.6 | 26.3 | 16.0 | −39.2% | |
| Net income | 178.0 | 382.0 | 462.9 | 200.2 | 372.3 | 111.1 | −70.2% | |
| 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) | 0.85 | 1.81 | 2.19 | 0.92 | 1.71 | 0.51 | −70.2% | |
| EPS, diluted (per share) | 0.84 | 1.76 | 2.12 | 0.92 | 1.70 | 0.51 | −70.0% | |
| EBITDA | 87.2 | 102.2 | 124.5 | 229.5 | 425.8 | 161.3 | −62.1% | |
| Depreciation & amortization | 0.9 | 1.0 | 1.0 | 1.3 | 1.5 | 1.5 | +0.0% | |
| Weighted average shares (shares) | 210,400,000 | 210,800,000 | 210,900,000 | 217,200,000 | 218,300,000 | 218,419,969 | +0.1% | |
| Weighted average diluted shares (shares) | 211,800,000 | 216,600,000 | 217,900,000 | 218,100,000 | 219,300,000 | 219,699,042 | +0.2% | |
| Gross margin | 65.3% | 69.5% | 70.4% | 68.8% | 67.0% | 65.3% | −1.8 pts | |
| Operating margin | 53.2% | 54.2% | 58.1% | 102.8% | 190.5% | 57.1% | −133.5 pts | |
| Net margin | 109.7% | 204.5% | 217.8% | 89.3% | 166.6% | 47.4% | −119.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
