| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.8 | 44.0 | 51.4 | 26.6 | 35.2 | 35.3 | +0.3% | |
| Cost of revenue | 19.8 | 26.3 | 31.3 | 14.4 | 23.4 | 23.6 | +0.9% | |
| Gross profit | 13.0 | 17.7 | 20.2 | 12.2 | 11.8 | 11.7 | −0.9% | |
| Research & development | 0.7 | 0.8 | 0.3 | 0.2 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 8.3 | 10.7 | 8.8 | 6.1 | 10.7 | — | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 11.6 | 15.4 | 16.9 | 10.7 | 10.7 | 10.9 | +1.4% | |
| Operating income | 1.4 | 2.2 | 3.3 | 1.5 | 1.0 | 0.8 | −24.2% | |
| Interest expense | 0.5 | 1.5 | 2.2 | 1.5 | 1.5 | 0.2 | −88.6% | |
| Interest income | 0.1 | 0.0 | 0.0 | 0.0 | 0.3 | 0.0 | −100.0% | |
| Other income / expense | (0.4) | (1.5) | (2.2) | (1.5) | (3.0) | — | — | |
| Pre-tax income | 0.9 | 0.7 | 1.1 | 0.0 | (1.9) | (2.9) | −47.5% | |
| Income tax | (1.5) | 0.2 | 0.2 | 0.0 | (0.0) | (0.2) | −676.5% | |
| Net income | 2.4 | 0.5 | 0.9 | (0.3) | 6.1 | (5.8) | −195.3% | |
| Discontinued operations | 0.0 | 0.0 | 0.9 | (0.3) | 8.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.02 | 0.00 | 0.01 | (0.00) | 0.05 | (0.05) | −200.0% | |
| EPS, diluted (per share) | 0.02 | 0.00 | 0.01 | (0.00) | 0.04 | (0.05) | −209.6% | |
| EBITDA | 5.2 | 7.6 | 9.9 | 4.3 | 5.1 | 4.8 | −4.7% | |
| Depreciation & amortization | 3.7 | 5.4 | 6.6 | 2.8 | 4.0 | 5.7 | +42.2% | |
| Weighted average shares (shares) | 125,831,530 | 126,257,101 | 126,498,197 | 126,720,281 | 127,886,387 | 121,828,073 | −4.7% | |
| Weighted average diluted shares (shares) | 133,819,347 | 133,393,929 | 133,635,025 | 126,720,281 | 140,044,306 | 121,828,073 | −13.0% | |
| Gross margin | 39.6% | 40.2% | 39.2% | 45.8% | 33.5% | 33.2% | −0.4 pts | |
| Operating margin | 4.2% | 5.1% | 6.4% | 5.7% | 3.0% | 2.2% | −0.7 pts | |
| Net margin | 7.3% | 1.2% | 1.8% | −1.2% | 17.4% | −16.5% | −34.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
