| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 354.1 | 430.2 | 407.1 | 413.2 | 362.4 | 279.8 | −22.8% | |
| Cost of revenue | 278.2 | 345.4 | 340.0 | 378.4 | 328.6 | 260.5 | −20.7% | |
| Gross profit | 75.9 | 84.8 | 67.1 | 34.9 | 33.8 | 19.4 | −42.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 24.3 | 27.4 | 33.3 | 34.7 | 29.5 | 28.3 | −4.1% | |
| Selling & marketing | 0.0 | (0.1) | (10.1) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 24.3 | 27.4 | 33.3 | 72.8 | 30.2 | 28.3 | −6.4% | |
| Operating income | 51.6 | 57.3 | 33.8 | (38.0) | 3.6 | (8.9) | −349.9% | |
| Interest expense | 6.4 | 6.1 | 6.0 | 3.5 | 2.4 | 4.3 | +81.6% | |
| Interest income | 0.3 | 0.0 | 0.1 | 0.5 | 1.0 | 1.4 | +34.8% | |
| Other income / expense | (5.9) | (6.1) | (5.9) | (4.5) | (3.9) | 0.2 | +106.0% | |
| Pre-tax income | 25.1 | 51.2 | 18.4 | (42.5) | (0.3) | (8.7) | −2727.4% | |
| Income tax | 4.2 | 9.2 | 5.0 | (9.9) | (2.2) | (0.3) | +87.6% | |
| Net income | 21.1 | 41.9 | 13.4 | (32.5) | 1.9 | (8.4) | −543.6% | |
| 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 | +100.0% | |
| EPS, basic (per share) | 0.08 | 0.16 | 0.05 | (0.13) | 0.01 | (0.03) | −543.2% | |
| EPS, diluted (per share) | 0.08 | 0.16 | 0.05 | (0.13) | 0.01 | (0.03) | −549.3% | |
| EBITDA | 40.9 | 66.0 | 32.8 | (32.3) | 10.8 | 2.7 | −74.7% | |
| Depreciation & amortization | 9.4 | 8.7 | 8.4 | 6.9 | 6.9 | 7.1 | +3.4% | |
| Weighted average shares (shares) | 255,795,659 | 256,163,459 | 256,385,881 | 256,434,903 | 256,564,828 | 256,653,097 | +0.0% | |
| Weighted average diluted shares (shares) | 256,163,459 | 256,617,219 | 257,724,812 | 256,434,903 | 258,301,520 | 256,653,097 | −0.6% | |
| Gross margin | 21.4% | 19.7% | 16.5% | 8.4% | 9.3% | 6.9% | −2.4 pts | |
| Operating margin | 14.6% | 13.3% | 8.3% | −9.2% | 1.0% | −3.2% | −4.2 pts | |
| Net margin | 6.0% | 9.7% | 3.3% | −7.9% | 0.5% | −3.0% | −3.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
