Also trades as: NXFNF (OTC) · $vol 0M

£313.50 ($4.15)

-3.00 (-0.95%)

Weekly Expected Move ±4.1%

£288 £301 £314 £326 £339

LSE · Communication Services · Advertising Agencies · Tech Score Neutral · Power 46 · £320.2M mcap · 63M float · 0.622% daily turnover

Revenue

$617M -15.4% ▼

5Y CAGR: +13.8%

Gross Profit

$93M -25.2% ▼

5Y CAGR: +13.4%

Operating Income

$38M -48.9% ▼

5Y CAGR: +9.2%

Net Income

-$30M -176.6% ▼

EPS (Diluted)

$-0.30 -178.9% ▼

EBITDA

$64M -38.2% ▼

5Y CAGR: +13.5%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$470M	$720M	$735M	$730M	$617M
YoY Growth	+45.2%	+53.3%	+2.0%	-0.7%	-15.4%
Cost of Revenue	$396M	$574M	$157M	$606M	$525M
Gross Profit	$74M	$147M	$578M	$124M	$93M
Gross Margin	15.8%	20.4%	78.7%	17.0%	15.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$16M	$50M	$501M	$50M	$39M
Operating Expenses	$16M	$50M	$501M	$50M	$55M
Operating Income	$59M	$97M	$96M	$74M	$38M
Operating Margin	12.5%	13.5%	13.0%	10.2%	6.1%
Interest Expense	$10M	$26M	$30M	$8M	$6M
Income Before Tax	-$80M	$10M	$80M	$62M	-$13M
Tax Expense	-$14M	$7M	$26M	$21M	$1M
Net Income	-$69M	$2M	$53M	$39M	-$30M
Net Margin	-14.7%	0.2%	7.2%	5.4%	-4.9%
EPS (Diluted)	$-0.75	$0.02	$0.50	$0.38	$-0.30
EBITDA	-$42M	$73M	$147M	$104M	$64M
Shares Outstanding	92M	106M	105M	104M	101M

Line Item	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2	FY2026 Q4
Revenue	$341M	$379M	$365M	$370M	$364M	$366M	$324M	$293M
Cost of Revenue	$274M	$311M	$298M	$293M	$299M	$307M	$280M	$250M
Gross Profit	$67M	$68M	$67M	$77M	$65M	$59M	$44M	$43M
Gross Margin	19.6%	17.9%	18.4%	20.8%	17.7%	16.2%	13.6%	14.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$17M	$26M	$26M	$25M	$26M	$23M	$17M	$21M
Operating Expenses	$17M	$26M	$26M	$25M	$26M	$23M	$17M	$21M
Operating Income	$50M	$42M	$41M	$52M	$38M	$36M	$27M	$22M
Operating Margin	14.7%	11.0%	11.3%	14.0%	10.5%	9.8%	8.3%	7.4%
Interest Expense	$1M	$2M	$2M	$3M	$3M	$4M	$2M	$3M
Income Before Tax	-$9M	$19M	$24M	$56M	$33M	$29M	$3M	-$16M
Tax Expense	$1M	$6M	$9M	$17M	$10M	$12M	$4M	-$2M
Net Income	-$10M	$12M	$14M	$39M	$22M	$17M	-$1M	-$29M
Net Margin	-3.0%	3.1%	3.9%	10.5%	6.1%	4.7%	-0.4%	-9.8%
EPS (Diluted)	$-0.11	$0.12	$0.14	$0.37	$0.21	$0.17	$-0.01	$-0.28
EBITDA	$11M	$39M	$45M	$78M	$54M	$50M	$19M	$34M
Shares Outstanding	97M	99M	105M	105M	105M	101M	101M	101M

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