FRA:VSF Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	12.1	11.45	12.37	11.17	10.62	8.39
Revenue Growth (YoY)	-0.46%	-7.41%	10.77%	5.15%	26.53%	-25.06%
Cost of Revenue	2.92	2.65	2.83	2.82	2.49	1.96
Gross Profit	9.18	8.81	9.54	8.35	8.13	6.43
Selling, General & Admin	5.24	5.46	5.73	5.02	4.84	3.56
Research & Development	3.99	4.13	1.74	1.7	1.42	1.26
Other Operating Expenses	0.72	-	-	-	-	0.16
Operating Expenses	9.94	9.59	7.47	6.72	6.26	4.98
Operating Income	-0.76	-0.78	2.08	1.63	1.87	1.45
Interest Expense	-0.47	-0.52	-0.53	-0.43	-0.37	-0.37
Interest & Investment Income	-	-	-	-	-	0
Currency Exchange Gain (Loss)	0.1	-	-	-	-	0.02
EBT Excluding Unusual Items	-1.13	-1.3	1.54	1.2	1.5	1.1
Pretax Income	-1.13	-1.3	1.54	1.2	1.5	1.1
Income Tax Expense	0.01	0.01	0.01	0.01	0.03	-0.2
Earnings From Continuing Operations	-1.14	-1.31	1.53	1.18	1.47	1.29
Net Income	-1.14	-1.31	1.53	1.18	1.47	1.29
Net Income to Common	-1.14	-1.31	1.53	1.18	1.47	1.29
Net Income Growth	-	-	29.78%	-19.37%	13.29%	-10.76%
Shares Outstanding (Basic)	124	124	124	124	124	124
Shares Outstanding (Diluted)	124	124	127	126	126	127
Shares Change (YoY)	-2.63%	-2.34%	1.39%	-0.05%	-0.86%	1.83%
EPS (Basic)	-0.01	-0.01	0.01	0.01	0.01	0.01
EPS (Diluted)	-0.01	-0.01	0.01	0.01	0.01	0.01
EPS Growth	-	-	33.33%	-23.58%	17.77%	-11.61%
Free Cash Flow	3.33	3.43	3.31	2.04	3.33	1.96
Free Cash Flow Per Share	0.03	0.03	0.03	0.02	0.03	0.01
Gross Margin	75.86%	76.89%	77.15%	74.74%	76.55%	76.60%
Operating Margin	-6.30%	-6.83%	16.77%	14.57%	17.61%	17.31%
Profit Margin	-9.40%	-11.42%	12.40%	10.59%	13.80%	15.42%
Free Cash Flow Margin	27.52%	29.98%	26.76%	18.25%	31.35%	23.32%
EBITDA	-0.65	-0.66	2.17	1.71	1.94	1.69
EBITDA Margin	-5.35%	-5.80%	17.54%	15.35%	18.29%	20.18%
D&A For EBITDA	0.12	0.12	0.1	0.09	0.07	0.24
EBIT	-0.76	-0.78	2.08	1.63	1.87	1.45
EBIT Margin	-6.30%	-6.83%	16.77%	14.57%	17.61%	17.31%
Effective Tax Rate	-	-	0.65%	1.09%	2.07%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.