| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 290.5 | 394.3 | 451.2 | 306.9 | 283.6 | 228.3 | −19.5% | |
| Cost of revenue | 178.5 | 221.2 | 255.7 | 192.9 | 189.1 | 159.2 | −15.8% | |
| Gross profit | 112.0 | 173.1 | 195.5 | 114.0 | 94.5 | 69.1 | −26.9% | |
| Research & development | 15.0 | 19.9 | 22.5 | 14.9 | 21.5 | 19.0 | −11.6% | |
| Selling, general & administrative | 88.5 | 107.1 | 115.6 | 91.1 | 90.9 | 77.5 | −14.7% | |
| Selling & marketing | 41.2 | 49.5 | 51.3 | 41.3 | 38.9 | 31.1 | −20.1% | |
| Operating expenses | 103.0 | 139.6 | 164.0 | 118.7 | 191.0 | 97.7 | −48.8% | |
| Operating income | (0.6) | 33.5 | 49.0 | 0.8 | (96.5) | (28.6) | +70.4% | |
| Interest expense | 5.0 | 4.4 | 9.8 | 19.5 | 11.8 | 16.8 | +42.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.4 | 0.8 | 0.6 | −25.0% | |
| Other income / expense | (7.1) | (3.9) | (6.8) | (19.6) | (6.9) | (41.4) | −500.0% | |
| Pre-tax income | (7.7) | 29.6 | 42.2 | (18.8) | (103.4) | (70.0) | +32.3% | |
| Income tax | (2.4) | 3.7 | (4.7) | (6.7) | 43.6 | 1.7 | −96.1% | |
| Net income | (5.3) | 25.9 | 32.9 | (77.1) | (147.0) | (73.4) | +50.1% | |
| Discontinued operations | 0.0 | 0.0 | (14.0) | (66.0) | (11.6) | (1.7) | +85.3% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (24.00) | 112.00 | 142.00 | (314.00) | (312.00) | (145.67) | +53.3% | |
| EPS, diluted (per share) | (24.00) | 108.00 | 136.00 | (314.00) | (312.00) | (145.67) | +53.3% | |
| EBITDA | 23.9 | 59.8 | 85.5 | 29.0 | (66.8) | (32.0) | +52.1% | |
| Depreciation & amortization | 26.6 | 25.9 | 33.6 | 28.4 | 24.8 | 21.9 | −11.7% | |
| Weighted average shares (shares) | 229,796 | 231,679 | 232,486 | 247,920 | 471,615 | 503,867 | +6.8% | |
| Weighted average diluted shares (shares) | 229,796 | 239,850 | 241,823 | 247,920 | 473,210 | 503,867 | +6.5% | |
| Gross margin | 38.6% | 43.9% | 43.3% | 37.1% | 33.3% | 30.3% | −3.1 pts | |
| Operating margin | −0.2% | 8.5% | 10.9% | 0.3% | −34.0% | −12.5% | +21.5 pts | |
| Net margin | −1.8% | 6.6% | 7.3% | −25.1% | −51.8% | −32.2% | +19.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
