| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.3 | 9.1 | 11.3 | 12.0 | 11.9 | 11.6 | −2.9% | |
| Cost of revenue | 5.1 | 6.0 | 7.4 | 8.6 | 8.5 | 8.5 | +0.5% | |
| Gross profit | 1.3 | 3.1 | 3.9 | 3.4 | 3.4 | 3.1 | −11.1% | |
| Research & development | 1.1 | 1.0 | 1.2 | 1.1 | 1.1 | 0.0 | −100.0% | |
| Selling, general & administrative | 2.0 | 2.1 | 2.4 | 2.6 | 2.7 | 3.8 | +39.6% | |
| Selling & marketing | 1.2 | 1.3 | 1.7 | 1.8 | 1.6 | 0.0 | −100.0% | |
| Operating expenses | 5.1 | 3.6 | 3.9 | 4.0 | 4.2 | 3.8 | −10.5% | |
| Operating income | (3.8) | (0.5) | 0.0 | (0.6) | (0.8) | (0.7) | +7.6% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −33.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.1) | (0.1) | (0.1) | (0.1) | (1.3) | (0.2) | +83.1% | |
| Pre-tax income | (3.3) | (0.6) | (0.1) | (0.7) | (2.1) | (0.9) | +54.0% | |
| Income tax | (0.0) | (0.1) | (0.3) | (0.2) | (0.1) | (0.0) | +54.2% | |
| Net income | (3.3) | (0.5) | 0.3 | (0.5) | (1.9) | (0.9) | +53.9% | |
| 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) | (0.00) | (0.00) | 0.00 | (0.00) | (0.00) | (0.00) | +52.4% | |
| EPS, diluted (per share) | (0.00) | (0.00) | 0.00 | (0.00) | (0.00) | (0.00) | +52.4% | |
| EBITDA | (2.2) | 0.2 | 0.6 | 0.2 | (0.1) | (0.1) | +26.3% | |
| Depreciation & amortization | 1.0 | 0.7 | 0.6 | 0.8 | 1.9 | 0.7 | −64.5% | |
| Weighted average shares (shares) | 834,762,898 | 936,564,122 | 932,816,177 | 932,816,177 | 932,816,177 | 932,816,177 | +0.0% | |
| Weighted average diluted shares (shares) | 834,762,898 | 936,564,122 | 935,945,943 | 932,816,177 | 932,816,177 | 932,816,177 | +0.0% | |
| Gross margin | 20.1% | 34.3% | 34.6% | 28.7% | 28.8% | 26.3% | −2.5 pts | |
| Operating margin | −59.9% | −5.3% | 0.4% | −5.0% | −6.6% | −6.3% | +0.3 pts | |
| Net margin | −51.8% | −5.0% | 2.3% | −4.2% | −16.3% | −7.7% | +8.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
