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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Revenue | 669M | 511M | 413M | 341M |
| Cost of revenue | 516M | 382M | 344M | 338M |
| Gross profit | 154M | 129M | 69M | 3M |
| Research and development | 31M | 25M | 26M | 30M |
| Selling, general and administrative | 208M | 123M | 85M | 123M |
| Operating expenses | 305M | 187M | 143M | 186M |
| Operating income | −151M | −59M | −74M | −183M |
| Pre-tax income | −118M | −66M | −83M | −183M |
| Income tax | −2M | 509,000 | 5M | 2M |
| Net income | −112M | −63M | −86M | −182M |
| Earnings per share | −0.44 | −0.27 | −0.38 | −0.85 |
| Earnings per share, diluted | −0.44 | −0.27 | −0.38 | −0.85 |
| Weighted average shares | 255M | 230M | 226M | — |
| Weighted average shares, diluted | 255M | 230M | 226M | — |
| Metric | 18/08/2026 | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | 281M | 110M | 126M | 159M | 222M |
| Receivables | — | 130M | 85M | 71M | — | — |
| Metric | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 |
|---|---|---|---|---|
| Operating cash flow | 86M | 82M | 15M | −3M |
| Depreciation and amortisation | 71M | 73M | 77M | 69M |
| Capital expenditure | 22M | 12M | 4M | 6M |
| Investing cash flow |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| Current assets | — | 550M | 289M | 245M | — | — |
| Property, plant and equipment | — | 32M | 19M | 12M | — | — |
| Goodwill | — | 338M | 326M | 326M | 310M | — |
| Total assets | — | 1.13B | 792M | 776M | — | — |
| Current liabilities | — | 353M | 202M | 183M | — | — |
| Short-term debt | — | — | 19,000 | 8M | — | — |
| Long-term debt | — | — | — | 19,000 | — | — |
| Total liabilities | — | 406M | 220M | 203M | — | — |
| Equity | — | 724M | 572M | 573M | 577M | 706M |
| Treasury shares | — | 4M | 4M | 4M | — | — |
| −93M |
| −63M |
| −48M |
| −55M |
| Financing cash flow | 144M | −8M | −596,000 | −21,000 |