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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 515M | 547M |
| Cost of revenue | 368M | 427M |
| Gross profit | 148M | 120M |
| Research and development | 23M | 33M |
| Selling, general and administrative | 111M | 120M |
| Operating income | −28M | −102M |
| Interest expense | 18M | 17M |
| Pre-tax income | −47M | −120M |
| Income tax | 3M | 6M |
| Net income | −50M | −126M |
| Earnings per share | −1.75 | −4.50 |
| Earnings per share, diluted | −1.75 | −4.50 |
| Weighted average shares | 28M | 28M |
| Weighted average shares, diluted | 28M | 28M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Receivables | 179M | 161M | 167M | 169M | 160M | 170M | 146M | 192M |
| Inventory | 175M | 176M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −21M | 4M |
| Depreciation and amortisation | 19M | 22M |
| Share-based compensation | 2M | 4M |
| Investing cash flow | −4M | −7M |
| Dividends paid | 0 | 3M |
| Share buybacks | 0 |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 199M |
| 191M |
| 185M |
| 179M |
| 246M |
| 245M |
| Current assets | 444M | 371M | 406M | 399M | 378M | 379M | 425M | 478M |
| Property, plant and equipment | 52M | 53M | 56M | 56M | 57M | 58M | 73M | 75M |
| Goodwill | — | 0 | 21M | 21M | 20M | 20M | 48M | 49M |
| Total assets | 665M | 597M | 655M | 652M | 632M | 637M | 759M | 807M |
| Current liabilities | 191M | 209M | 230M | 209M | 213M | 232M | 225M | 215M |
| Short-term debt | 2M | 0 | — | — | — | — | — | — |
| Long-term debt | 264M | 174M | 182M | 190M | 167M | 147M | 179M | 211M |
| Total liabilities | 476M | 404M | 434M | 421M | 404M | 404M | 432M | 454M |
| Equity | 190M | 192M | 221M | 231M | 227M | 233M | 328M | 353M |
| Shares outstanding | — | 35M | 35M | 35M | 35M | 35M | 35M | 35M |
| Shares issued | 35M | 35M | 35M | 35M | 35M | 35M | 35M | 35M |
| Treasury shares | 6M | 6M | 6M | 6M | 6M | 6M | 6M | 6M |
| 0 |
| Financing cash flow | 24M | 5M |