| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 113.0 | 121.0 | 123.5 | 98.3 | 101.5 | 120.0 | +18.2% | |
| Cost of revenue | 95.4 | 97.2 | 97.1 | 71.8 | 77.6 | 96.1 | +23.8% | |
| Gross profit | 17.6 | 23.8 | 26.4 | 26.6 | 23.9 | 23.9 | +0.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Selling, general & administrative | 4.4 | 3.0 | 3.6 | 4.9 | 0.0 | — | — | |
| Selling & marketing | 0.0 | (1.5) | (1.0) | 0.0 | 0.0 | — | — | |
| Operating expenses | 4.4 | 3.0 | 3.6 | 4.3 | 9.3 | — | — | |
| Operating income | 13.2 | 20.8 | 20.3 | 22.2 | 14.6 | 23.9 | +64.0% | |
| Interest expense | 1.8 | 1.0 | 0.2 | 0.2 | 0.1 | 2.2 | +3393.8% | |
| Interest income | 0.1 | 0.1 | 0.5 | 2.2 | 3.9 | 2.8 | −28.5% | |
| Other income / expense | (15.3) | 15.3 | 0.2 | 2.0 | 3.9 | — | — | |
| Pre-tax income | (2.0) | 36.1 | 20.5 | 24.2 | 18.4 | 18.2 | −1.0% | |
| Income tax | 2.5 | 3.3 | 3.3 | 7.0 | 6.9 | 5.6 | −18.7% | |
| Net income | (4.5) | 32.8 | 20.2 | 41.2 | 11.6 | 11.2 | −3.5% | |
| Discontinued operations | 0.0 | 0.0 | 3.0 | 24.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | (0.05) | 0.37 | 0.23 | 0.46 | 0.13 | 0.12 | −4.6% | |
| EPS, diluted (per share) | (0.05) | 0.37 | 0.22 | 0.45 | 0.13 | 0.12 | −6.2% | |
| EBITDA | 9.0 | 45.7 | 25.5 | 29.2 | 24.5 | 30.7 | +25.6% | |
| Depreciation & amortization | 9.2 | 8.5 | 4.7 | 4.8 | 3.1 | 6.9 | +122.5% | |
| Weighted average shares (shares) | 87,239,481 | 87,632,022 | 88,027,119 | 88,964,817 | 91,239,147 | 89,944,297 | −1.4% | |
| Weighted average diluted shares (shares) | 87,239,481 | 88,758,940 | 90,244,293 | 90,687,578 | 91,206,471 | 91,416,095 | +0.2% | |
| Gross margin | 15.6% | 19.6% | 21.3% | 27.0% | 23.5% | 19.9% | −3.6 pts | |
| Operating margin | 11.7% | 17.2% | 16.4% | 22.6% | 14.3% | 19.9% | +5.6 pts | |
| Net margin | −4.0% | 27.1% | 16.4% | 41.9% | 11.4% | 9.3% | −2.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
