| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13.6 | 9.8 | 12.0 | 16.4 | 23.0 | 20.7 | −10.0% | |
| Cost of revenue | 11.2 | 7.2 | 9.2 | 13.3 | 17.0 | 14.6 | −14.4% | |
| Gross profit | 2.3 | 2.5 | 2.7 | 3.1 | 6.0 | 6.1 | +2.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 5.1 | 3.9 | 4.1 | 5.8 | 7.0 | 7.0 | −0.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 5.1 | 3.9 | 4.1 | 5.9 | 6.9 | 7.0 | +1.2% | |
| Operating income | (2.8) | (1.4) | (1.3) | (2.8) | (0.9) | (0.9) | +7.0% | |
| Interest expense | 0.1 | 0.2 | 0.2 | 0.3 | 0.4 | 0.3 | −17.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.4) | (0.2) | (0.2) | (0.3) | (0.4) | (0.2) | +53.5% | |
| Pre-tax income | (3.2) | (1.5) | (1.5) | (3.1) | (1.3) | (1.1) | +21.3% | |
| Income tax | (0.1) | (0.3) | (0.2) | 0.0 | (0.5) | 0.0 | +105.2% | |
| Net income | (3.1) | (1.2) | (1.3) | (3.1) | (0.8) | (1.1) | −28.3% | |
| 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) | (0.09) | (0.03) | (0.04) | (0.08) | (0.02) | (0.02) | −26.6% | |
| EPS, diluted (per share) | (0.09) | (0.03) | (0.04) | (0.08) | (0.02) | (0.02) | −26.6% | |
| EBITDA | (2.5) | (0.6) | (0.6) | (1.9) | 0.2 | 0.6 | +161.5% | |
| Depreciation & amortization | 0.7 | 0.7 | 0.7 | 0.9 | 1.2 | 1.3 | +13.8% | |
| Weighted average shares (shares) | 35,995,289 | 36,270,917 | 36,371,065 | 38,410,094 | 53,433,561 | 54,157,848 | +1.4% | |
| Weighted average diluted shares (shares) | 35,995,289 | 36,270,917 | 36,371,065 | 38,410,094 | 53,433,561 | 54,157,848 | +1.4% | |
| Gross margin | 17.1% | 26.0% | 23.0% | 18.8% | 25.9% | 29.5% | +3.6 pts | |
| Operating margin | −20.7% | −14.0% | −11.0% | −17.2% | −4.0% | −4.2% | −0.1 pts | |
| Net margin | −23.1% | −12.3% | −11.2% | −19.2% | −3.7% | −5.2% | −1.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
