| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 169.0 | 221.1 | 258.3 | 335.3 | 388.9 | 396.6 | +2.0% | |
| Cost of revenue | 41.5 | 54.1 | 58.4 | 64.2 | 105.6 | 73.4 | −30.5% | |
| Gross profit | 127.5 | 167.0 | 199.9 | 271.1 | 283.3 | 323.2 | +14.1% | |
| Research & development | 4.9 | 9.1 | 9.3 | 0.0 | 0.0 | — | — | |
| Selling, general & administrative | 102.2 | 127.0 | 152.3 | 260.2 | 238.4 | — | — | |
| Selling & marketing | 78.6 | 84.3 | 101.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 102.2 | 127.0 | 152.3 | 260.2 | 238.4 | 279.0 | +17.0% | |
| Operating income | 25.3 | 40.0 | 47.6 | 10.9 | 44.9 | 44.2 | −1.6% | |
| Interest expense | 0.5 | 1.0 | 0.7 | 8.7 | 12.2 | 15.6 | +27.9% | |
| Interest income | 0.2 | 0.0 | 0.3 | 2.0 | 0.5 | 0.6 | +20.0% | |
| Other income / expense | (0.1) | (4.7) | 0.3 | (6.9) | (26.8) | — | — | |
| Pre-tax income | 18.9 | 25.3 | 44.7 | 4.0 | 18.1 | 6.2 | −65.7% | |
| Income tax | 6.4 | 7.8 | 10.1 | 6.1 | 5.0 | 0.5 | −90.0% | |
| Net income | 12.5 | 17.1 | 34.5 | (2.4) | 13.4 | 5.7 | −57.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | (0.3) | 0.0 | — | — | |
| EPS, basic (per share) | 0.11 | 0.16 | 0.31 | (0.02) | 0.11 | 0.05 | −55.8% | |
| EPS, diluted (per share) | 0.11 | 0.15 | 0.31 | (0.02) | 0.11 | 0.05 | −56.4% | |
| EBITDA | 39.7 | 51.5 | 70.5 | 49.4 | 74.0 | 84.3 | +13.9% | |
| Depreciation & amortization | 20.4 | 25.3 | 25.3 | 36.7 | 43.7 | 40.1 | −8.2% | |
| Weighted average shares (shares) | 109,700,000 | 109,900,000 | 109,600,000 | 115,600,000 | 116,900,000 | 117,200,000 | +0.3% | |
| Weighted average diluted shares (shares) | 113,000,000 | 112,200,000 | 112,100,000 | 118,700,000 | 118,300,000 | 118,700,000 | +0.3% | |
| Gross margin | 75.4% | 75.5% | 77.4% | 80.9% | 72.8% | 81.5% | +8.6 pts | |
| Operating margin | 15.0% | 18.1% | 18.4% | 3.3% | 11.5% | 11.1% | −0.4 pts | |
| Net margin | 7.4% | 7.7% | 13.4% | −0.7% | 3.4% | 1.4% | −2.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
