| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 363.3 | 403.6 | 491.8 | 463.5 | 450.9 | 454.3 | +0.7% | |
| Cost of revenue | 300.1 | 352.0 | 417.9 | 366.0 | 231.4 | 444.2 | +92.0% | |
| Gross profit | 63.1 | 51.6 | 73.8 | 97.5 | 219.5 | 10.1 | −95.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 43.2 | 34.5 | 46.0 | (132.8) | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 40.7 | 29.7 | 44.4 | 69.3 | 233.3 | 0.0 | −100.0% | |
| Operating income | 22.4 | 21.8 | 29.5 | 26.4 | (13.7) | 10.1 | +173.5% | |
| Interest expense | 1.3 | 1.2 | 2.6 | 3.4 | 4.0 | 4.7 | +18.2% | |
| Interest income | 0.0 | 0.1 | 0.1 | 0.3 | 0.4 | 0.0 | −100.0% | |
| Other income / expense | (0.9) | (2.2) | (4.3) | (3.4) | (3.8) | (50.0) | −1218.0% | |
| Pre-tax income | 21.5 | 19.7 | 25.2 | 23.0 | (17.5) | (39.9) | −127.7% | |
| Income tax | 3.8 | 5.4 | 5.5 | 7.1 | (3.4) | (4.3) | −24.5% | |
| Net income | 17.3 | 15.6 | 21.6 | 15.9 | (14.1) | (35.6) | −152.8% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 2.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.06 | 0.05 | 0.07 | 0.05 | (0.05) | (0.12) | −161.4% | |
| EPS, diluted (per share) | 0.06 | 0.05 | 0.07 | 0.05 | (0.05) | (0.12) | −161.4% | |
| EBITDA | 31.1 | 34.4 | 40.4 | 41.1 | (0.9) | 23.6 | +2788.0% | |
| Depreciation & amortization | 8.8 | 12.2 | 10.7 | 14.7 | 12.6 | 13.5 | +6.6% | |
| Weighted average shares (shares) | 307,337,645 | 308,834,123 | 309,533,696 | 307,131,912 | 307,188,953 | 295,900,490 | −3.7% | |
| Weighted average diluted shares (shares) | 307,337,757 | 310,169,446 | 312,773,509 | 310,225,089 | 307,188,953 | 295,900,490 | −3.7% | |
| Gross margin | 17.4% | 12.8% | 15.0% | 21.0% | 48.7% | 2.2% | −46.5 pts | |
| Operating margin | 6.2% | 5.4% | 6.0% | 5.7% | −3.0% | 2.2% | +5.3 pts | |
| Net margin | 4.8% | 3.9% | 4.4% | 3.4% | −3.1% | −7.8% | −4.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
