Also trades as: VTXPF (OTC) · $vol 0M

£917.00 ($12.14)

+6.00 (+0.66%)

Weekly Expected Move ±10.4%

£726 £821 £917 £1013 £1108

LSE · Basic Materials · Chemicals - Specialty · Tech Score Neutral · Power 56 · £798.5M mcap · 87M float · 0.353% daily turnover

Revenue

$296M +0.1% ▲

5Y CAGR: +2.2%

Gross Profit

$133M -1.3% ▼

5Y CAGR: -1.2%

Operating Income

$40M -13.1% ▼

5Y CAGR: -12.3%

Net Income

$28M +61.6% ▲

5Y CAGR: -12.5%

EPS (Diluted)

$0.32 +60.0% ▲

5Y CAGR: -12.7%

EBITDA

$61M -12.3% ▼

5Y CAGR: -6.4%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$306M	$341M	$307M	$296M	$296M
YoY Growth	+15.2%	+11.3%	-10.0%	-3.5%	+0.1%
Cost of Revenue	$149M	$166M	$144M	$162M	$164M
Gross Profit	$157M	$175M	$163M	$134M	$133M
Gross Margin	51.3%	51.2%	53.0%	45.3%	44.7%
R&D Expenses	$16M	$16M	$19M	$18M	$19M
SG&A Expenses	$53M	$60M	$71M	$71M	$65M
Operating Expenses	$69M	$75M	$97M	$88M	$93M
Operating Income	$93M	$88M	$73M	$46M	$40M
Operating Margin	30.5%	26.0%	23.8%	15.5%	13.4%
Interest Expense	$200K	$300K	$700K	$2M	$2M
Income Before Tax	$92M	$88M	$72M	$23M	$34M
Tax Expense	$20M	$12M	$12M	$8M	$9M
Net Income	$73M	$76M	$62M	$17M	$28M
Net Margin	23.9%	22.3%	20.1%	5.8%	9.4%
EPS (Diluted)	$0.84	$0.87	$0.71	$0.20	$0.32
EBITDA	$116M	$121M	$96M	$70M	$61M
Shares Outstanding	87M	87M	87M	88M	88M

Line Item	FY2022 Q4	FY2023 Q2	FY2023 Q4	FY2024 Q2	FY2024 Q4	FY2025 Q2	FY2025 Q4	FY2026 Q2
Revenue	$181M	$162M	$145M	$139M	$152M	$146M	$147M	$147M
Cost of Revenue	$88M	$70M	$68M	$77M	$76M	$84M	$80M	$87M
Gross Profit	$93M	$92M	$76M	$59M	$75M	$62M	$66M	$60M
Gross Margin	51.3%	56.8%	52.8%	42.4%	49.6%	42.6%	45.3%	40.7%
R&D Expenses	$16M	$9M	$19M	$9M	$9M	$10M	$9M	$9M
SG&A Expenses	$40M	$43M	$18M	$44M	$27M	$31M	$34M	$32M
Operating Expenses	$40M	$43M	$37M	$37M	$36M	$44M	$44M	$41M
Operating Income	$52M	$49M	$40M	$26M	$40M	$18M	$23M	$19M
Operating Margin	28.9%	30.1%	27.3%	18.6%	26.1%	12.3%	15.6%	12.9%
Interest Expense	$200K	$200K	$500K	$700K	$1M	$1M	$1M	$1M
Income Before Tax	$45M	$40M	$34M	$3M	$20M	$17M	$17M	-$44M
Tax Expense	$6M	$6M	$6M	$800K	$7M	$4M	$5M	$4M
Net Income	$38M	$34M	$28M	$3M	$14M	$15M	$13M	-$32M
Net Margin	21.2%	20.8%	19.3%	1.9%	9.6%	10.4%	8.6%	-22.0%
EPS (Diluted)	$0.44	$0.38	$0.32	$0.03	$0.17	$0.17	$0.14	$-0.37
EBITDA	$55M	$50M	$46M	$15M	$55M	$34M	$34M	$32M
Shares Outstanding	87M	88M	87M	88M	87M	88M	88M	87M

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