| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.4 | 1.9 | 2.1 | 1.7 | 1.6 | 1.7 | +4.4% | |
| Cost of revenue | 0.8 | 1.1 | 1.2 | 1.0 | 0.9 | 1.1 | +22.0% | |
| Gross profit | 0.6 | 0.8 | 0.9 | 0.7 | 0.7 | 0.6 | −17.1% | |
| Research & development | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | −5.3% | |
| Selling, general & administrative | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.3 | −31.1% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 0.2 | 0.4 | 0.4 | 0.5 | 0.5 | 0.4 | −27.9% | |
| Operating income | 0.3 | 0.4 | 0.5 | 0.2 | 0.2 | 0.2 | +7.1% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −8.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −56.5% | |
| Other income / expense | (0.0) | (0.0) | 0.3 | (0.0) | (0.0) | (0.2) | −675.1% | |
| Pre-tax income | 0.3 | 0.4 | 0.8 | 0.2 | 0.2 | 0.1 | −56.2% | |
| Income tax | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | −45.4% | |
| Net income | 0.2 | 0.3 | 0.6 | 0.2 | 0.2 | 0.1 | −60.9% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 1.55 | 2.30 | 4.66 | 1.22 | 1.14 | 0.44 | −61.4% | |
| EPS, diluted (per share) | 1.55 | 2.29 | 4.65 | 1.22 | 1.14 | 0.44 | −61.4% | |
| EBITDA | 0.4 | 0.5 | 0.9 | 0.4 | 0.4 | 0.4 | +1.7% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +0.9% | |
| Weighted average shares (shares) | 130,000,000 | 139,500,000 | 139,400,000 | 139,600,000 | 139,635,442 | 139,640,000 | +0.0% | |
| Weighted average diluted shares (shares) | 130,199,999 | 139,800,000 | 139,700,000 | 139,800,000 | 139,700,000 | 139,640,000 | −0.0% | |
| Gross margin | 39.6% | 43.7% | 41.4% | 43.1% | 45.1% | 35.8% | −9.3 pts | |
| Operating margin | 22.2% | 23.1% | 22.9% | 14.6% | 14.0% | 14.3% | +0.4 pts | |
| Net margin | 14.5% | 17.0% | 31.1% | 10.1% | 9.7% | 3.6% | −6.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
