| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.8 | 13.1 | 16.1 | 18.1 | 55.0 | 65.9 | +20.0% | |
| Cost of revenue | 7.8 | 7.9 | 7.6 | 14.2 | 39.9 | 43.8 | +9.7% | |
| Gross profit | 7.0 | 5.2 | 8.6 | 3.9 | 15.0 | 22.1 | +47.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 5.2 | 0.4 | 0.4 | 1.1 | 0.6 | 0.9 | +53.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 15.9 | 13.7 | 16.5 | 11.1 | 14.2 | 12.8 | −10.2% | |
| Operating income | (8.9) | (8.4) | (8.1) | (7.2) | 0.8 | 9.3 | +1080.9% | |
| Interest expense | 6.5 | 6.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 2.6 | 1.7 | 3.9 | 0.0 | 0.0 | 0.8 | — | |
| Other income / expense | 0.0 | 0.0 | (0.0) | (0.1) | (0.8) | (1.7) | −123.5% | |
| Pre-tax income | (8.9) | (8.4) | (8.2) | (7.3) | 0.0 | 7.6 | +50613.3% | |
| Income tax | 2.5 | (1.0) | (1.3) | (1.0) | (3.6) | (3.9) | −8.5% | |
| Net income | (11.0) | (7.1) | (6.6) | (6.5) | 4.8 | 11.6 | +140.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.1 | (1.0) | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.14) | (0.09) | (0.07) | (0.06) | 0.05 | 0.11 | +140.7% | |
| EPS, diluted (per share) | (0.14) | (0.09) | (0.07) | (0.06) | 0.04 | 0.10 | +138.1% | |
| EBITDA | (7.6) | (6.8) | (5.7) | (4.2) | 7.3 | 11.8 | +60.3% | |
| Depreciation & amortization | 1.3 | 1.7 | 2.4 | 3.0 | 6.5 | 4.2 | −36.5% | |
| Weighted average shares (shares) | 81,117,708 | 81,117,708 | 90,550,333 | 99,770,355 | 105,902,466 | 103,351,641 | −2.4% | |
| Weighted average diluted shares (shares) | 81,117,708 | 81,117,708 | 90,550,333 | 99,770,355 | 115,238,095 | 112,178,634 | −2.7% | |
| Gross margin | 47.1% | 39.9% | 53.1% | 21.6% | 27.4% | 33.6% | +6.2 pts | |
| Operating margin | −60.3% | −64.3% | −50.5% | −39.9% | 1.4% | 14.2% | +12.7 pts | |
| Net margin | −74.0% | −53.9% | −41.2% | −35.7% | 8.8% | 17.7% | +8.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
