| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.0 | 26.4 | 180.9 | 116.8 | −35.4% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 12.6 | 94.1 | 70.4 | −25.2% | |
| Gross profit | (0.0) | (0.0) | (0.0) | 13.8 | 86.7 | 46.4 | −46.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.2 | 5.0 | 9.0 | 11.5 | 12.3 | 17.0 | +38.3% | |
| Selling & marketing | 1.2 | 2.7 | 3.5 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.2 | 5.0 | 9.0 | 11.5 | 12.3 | 17.0 | +38.3% | |
| Operating income | (2.2) | (5.0) | (9.0) | 2.4 | 74.5 | 29.4 | −60.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 1.8 | 8.0 | 5.6 | −30.5% | |
| Interest income | 0.3 | 0.0 | 0.1 | 0.2 | 0.1 | 0.0 | −68.2% | |
| Other income / expense | 0.3 | (0.0) | (0.1) | (3.3) | (8.9) | (15.4) | −72.9% | |
| Pre-tax income | (1.9) | (5.0) | (9.1) | (0.9) | 65.6 | 14.0 | −78.6% | |
| Income tax | 0.1 | 0.0 | 0.1 | 1.8 | 13.2 | 17.3 | +30.8% | |
| Net income | (2.0) | (5.0) | (9.2) | (2.7) | 52.4 | (3.3) | −106.2% | |
| 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) | (0.01) | (0.02) | (0.04) | (0.01) | 0.23 | (0.01) | −106.3% | |
| EPS, diluted (per share) | (0.01) | (0.02) | (0.04) | (0.01) | 0.21 | (0.01) | −106.9% | |
| EBITDA | (2.2) | (4.7) | (8.6) | 3.6 | 86.5 | 52.1 | −39.7% | |
| Depreciation & amortization | 0.0 | 0.2 | 0.2 | 2.7 | 12.9 | 22.7 | +76.3% | |
| Weighted average shares (shares) | 220,053,520 | 220,053,520 | 221,609,756 | 220,061,828 | 224,922,157 | 224,788,003 | −0.1% | |
| Weighted average diluted shares (shares) | 220,053,520 | 220,053,520 | 221,609,756 | 220,053,520 | 248,410,779 | 224,788,003 | −9.5% | |
| Gross margin | — | — | — | 52.4% | 48.0% | 39.7% | −8.2 pts | |
| Operating margin | — | — | — | 9.0% | 41.2% | 25.2% | −16.0 pts | |
| Net margin | — | — | — | −10.3% | 28.9% | −2.8% | −31.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
