| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.5 | 19.9 | 20.7 | 24.3 | 31.3 | 23.0 | −26.7% | |
| Cost of revenue | 5.0 | 7.3 | 8.5 | 6.9 | 7.2 | 7.0 | −2.7% | |
| Gross profit | 12.5 | 12.6 | 12.3 | 17.5 | 31.3 | 16.0 | −49.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.8 | 0.9 | 0.9 | 1.5 | 1.4 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 1.3 | 0.0 | 0.0 | — | |
| Operating expenses | (9.4) | 6.8 | 23.0 | 6.6 | 6.9 | 1.8 | −74.0% | |
| Operating income | 10.7 | 46.7 | 11.1 | 10.9 | 24.4 | 14.1 | −42.0% | |
| Interest expense | 0.7 | 0.8 | 1.8 | 1.8 | 1.8 | 1.9 | +7.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.6 | 0.4 | −35.3% | |
| Other income / expense | 11.5 | 34.2 | (22.4) | (1.8) | 8.8 | (4.2) | −148.2% | |
| Pre-tax income | 22.2 | 46.7 | (11.3) | 9.1 | 24.4 | 9.9 | −59.3% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | −176.9% | |
| Net income | 22.2 | 46.7 | (11.3) | 9.0 | 24.3 | 9.9 | −59.2% | |
| 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) | 0.14 | 0.29 | (0.07) | 0.06 | 0.15 | 0.06 | −58.2% | |
| EPS, diluted (per share) | 0.14 | 0.29 | (0.07) | 0.06 | 0.15 | 0.06 | −58.2% | |
| EBITDA | 10.7 | 12.5 | (29.1) | 13.4 | 0.0 | 11.8 | — | |
| Depreciation & amortization | 0.0 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 158,620,910 | 158,424,746 | 158,424,746 | 158,424,746 | 158,434,139 | 158,531,595 | +0.1% | |
| Weighted average diluted shares (shares) | 158,620,910 | 158,424,746 | 158,424,746 | 158,424,000 | 158,434,139 | 158,531,595 | +0.1% | |
| Gross margin | 71.5% | 63.4% | 59.2% | 71.8% | 100.0% | 69.5% | −30.5 pts | |
| Operating margin | 61.3% | 234.5% | 53.3% | 44.6% | 77.8% | 61.6% | −16.2 pts | |
| Net margin | 126.8% | 234.5% | −54.6% | 37.2% | 77.8% | 43.3% | −34.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
