| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 122.6 | 119.1 | 156.2 | 165.7 | 161.3 | 149.1 | −7.6% | |
| Cost of revenue | 110.3 | 86.2 | 119.8 | 124.8 | 125.8 | 121.5 | −3.5% | |
| Gross profit | 12.3 | 32.9 | 36.4 | 40.9 | 35.5 | 27.6 | −22.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 17.9 | 21.5 | 21.7 | 24.1 | 24.2 | 22.9 | −5.5% | |
| Selling & marketing | 4.0 | 4.5 | 5.1 | 5.3 | 5.7 | 5.7 | +0.7% | |
| Operating expenses | 20.4 | 19.4 | 20.7 | 24.1 | 24.2 | 22.9 | −5.5% | |
| Operating income | (12.7) | 13.5 | 15.7 | 16.8 | 11.3 | 4.8 | −57.9% | |
| Interest expense | 1.7 | 1.4 | 1.1 | 0.8 | 1.4 | 1.5 | +7.5% | |
| Interest income | 0.0 | 0.0 | 1.0 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Other income / expense | (1.9) | (4.0) | (2.1) | (0.6) | (1.2) | (1.5) | −25.7% | |
| Pre-tax income | (14.6) | 9.5 | 13.6 | 16.2 | 10.1 | 3.3 | −67.8% | |
| Income tax | (2.7) | 2.4 | 2.7 | 3.0 | 2.7 | 1.4 | −49.4% | |
| Net income | (11.9) | 7.0 | 10.8 | 13.2 | 7.4 | 1.9 | −74.5% | |
| 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) | (0.24) | 0.14 | 0.22 | 0.29 | 0.16 | 0.04 | −74.5% | |
| EPS, diluted (per share) | (0.24) | 0.14 | 0.22 | 0.29 | 0.16 | 0.04 | −74.5% | |
| EBITDA | (5.2) | 29.7 | 30.8 | 33.7 | 29.2 | 23.3 | −20.1% | |
| Depreciation & amortization | 3.5 | 18.8 | 16.2 | 16.8 | 17.7 | 18.6 | +5.0% | |
| Weighted average shares (shares) | 49,987,122 | 49,987,122 | 49,500,000 | 46,250,000 | 46,625,000 | 46,250,000 | −0.8% | |
| Weighted average diluted shares (shares) | 49,987,122 | 49,987,122 | 49,500,000 | 46,250,000 | 46,625,000 | 46,250,000 | −0.8% | |
| Gross margin | 10.0% | 27.6% | 23.3% | 24.7% | 22.0% | 18.5% | −3.5 pts | |
| Operating margin | −10.4% | 11.3% | 10.0% | 10.1% | 7.0% | 3.2% | −3.8 pts | |
| Net margin | −9.7% | 5.9% | 6.9% | 8.0% | 4.6% | 1.3% | −3.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
