| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8 | 2.6 | 3.5 | 4.2 | 5.6 | 4.6 | −16.6% | |
| Cost of revenue | 0.4 | 0.4 | 0.5 | 0.5 | 0.6 | 1.2 | +110.3% | |
| Gross profit | 1.4 | 2.2 | 3.1 | 3.7 | 5.0 | 3.5 | −30.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Selling, general & administrative | 1.4 | 2.0 | 2.1 | 2.4 | 3.6 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 1.6 | 2.0 | 2.3 | 2.4 | 3.6 | 3.6 | −0.8% | |
| Operating income | (0.2) | 0.3 | 0.7 | 1.2 | 1.4 | (0.1) | −107.1% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — | — | |
| Pre-tax income | (0.2) | 0.3 | 0.9 | 1.3 | 1.4 | (0.1) | −107.5% | |
| Income tax | (0.3) | (0.6) | (0.5) | (0.3) | 0.0 | 0.0 | — | |
| Net income | 0.2 | 0.9 | 1.4 | 1.6 | 1.4 | (0.1) | −107.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.01 | 0.05 | 0.09 | 0.10 | 0.09 | (0.01) | −107.5% | |
| EPS, diluted (per share) | 0.01 | 0.05 | 0.09 | 0.10 | 0.09 | (0.01) | −107.6% | |
| EBITDA | 0.1 | 0.5 | 1.1 | 1.6 | 1.8 | 0.5 | −71.2% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.3 | 0.4 | 0.6 | +51.6% | |
| Weighted average shares (shares) | 16,307,282 | 16,365,640 | 15,849,527 | 15,446,993 | 15,592,469 | 15,219,884 | −2.4% | |
| Weighted average diluted shares (shares) | 16,337,488 | 16,797,448 | 15,849,527 | 15,446,993 | 15,592,469 | 15,219,884 | −2.4% | |
| Gross margin | 78.3% | 84.9% | 86.6% | 87.4% | 90.0% | 74.7% | −15.3 pts | |
| Operating margin | −10.9% | 10.0% | 21.2% | 29.5% | 25.4% | −2.2% | −27.5 pts | |
| Net margin | 8.8% | 33.3% | 39.6% | 37.4% | 25.4% | −2.3% | −27.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
