| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 351.0 | 446.3 | 654.8 | 794.7 | 740.8 | 772.3 | +4.3% | |
| Cost of revenue | 250.6 | 292.1 | 436.8 | 530.7 | 551.9 | 574.2 | +4.0% | |
| Gross profit | 100.4 | 154.2 | 217.9 | 264.1 | 188.8 | 198.1 | +4.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 77.2 | 0.0 | 121.8 | 135.3 | 0.0 | 0.0 | — | |
| Selling & marketing | (1.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 80.4 | 90.6 | 122.5 | 150.3 | 168.7 | 166.6 | −1.2% | |
| Operating income | 20.0 | 63.6 | 95.4 | 112.8 | 20.1 | 31.5 | +56.4% | |
| Interest expense | 1.9 | 2.5 | 3.1 | 3.7 | 6.3 | 10.7 | +70.7% | |
| Interest income | 0.6 | 0.1 | 0.2 | 3.9 | 6.2 | 1.3 | −79.7% | |
| Other income / expense | 3.4 | (9.2) | 7.0 | 1.3 | 6.8 | (7.4) | −208.1% | |
| Pre-tax income | 23.4 | 54.4 | 102.4 | 114.2 | 27.0 | 24.1 | −10.6% | |
| Income tax | 3.4 | 10.9 | 19.3 | 20.0 | 9.9 | 2.9 | −70.6% | |
| Net income | 20.0 | 43.5 | 83.1 | 94.2 | 17.1 | 21.2 | +23.9% | |
| 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 | — | |
| EPS, basic (per share) | 0.37 | 0.79 | 1.48 | 1.64 | 0.29 | 0.36 | +24.1% | |
| EPS, diluted (per share) | 0.36 | 0.76 | 1.43 | 1.62 | 0.29 | 0.36 | +24.1% | |
| EBITDA | 43.5 | 79.2 | 113.6 | 142.4 | 59.6 | 67.5 | +13.2% | |
| Depreciation & amortization | 18.3 | 12.3 | 17.8 | 21.0 | 25.3 | 30.4 | +20.3% | |
| Weighted average shares (shares) | 53,423,575 | 55,220,298 | 56,272,036 | 57,314,839 | 58,439,000 | 58,461,621 | +0.0% | |
| Weighted average diluted shares (shares) | 56,065,080 | 57,050,613 | 58,018,200 | 58,082,388 | 58,800,000 | 58,875,460 | +0.1% | |
| Gross margin | 28.6% | 34.5% | 33.3% | 33.2% | 25.5% | 25.7% | +0.2 pts | |
| Operating margin | 5.7% | 14.2% | 14.6% | 14.2% | 2.7% | 4.1% | +1.4 pts | |
| Net margin | 5.7% | 9.7% | 12.7% | 11.8% | 2.3% | 2.7% | +0.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
