| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.6 | 0.6 | 0.2 | 4.0 | 0.1 | −96.9% | |
| Cost of revenue | 0.4 | 1.4 | 2.1 | 0.3 | 5.9 | 4.5 | −24.0% | |
| Gross profit | (0.4) | (0.8) | (1.5) | (0.1) | (1.9) | (4.3) | −132.4% | |
| Research & development | 1.6 | 3.1 | 9.0 | 8.5 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.4 | 9.7 | 8.6 | 2.4 | 2.8 | 21.6 | +663.1% | |
| Selling & marketing | 3.9 | 6.0 | 4.6 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.2 | 10.4 | 17.5 | 20.0 | 17.7 | 21.4 | +21.0% | |
| Operating income | (4.6) | (10.4) | (19.1) | (20.0) | (19.6) | (25.8) | −31.6% | |
| Interest expense | 0.2 | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | −30.9% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.5 | 0.3 | 0.2 | −32.6% | |
| Other income / expense | (0.2) | (0.0) | 0.1 | 0.5 | 0.3 | 0.3 | +18.0% | |
| Pre-tax income | (4.8) | (10.4) | (19.5) | (19.6) | (19.3) | (25.5) | −31.8% | |
| Income tax | (0.6) | (1.1) | (3.0) | (2.1) | (1.9) | (3.3) | −72.4% | |
| Net income | (4.2) | (9.4) | (16.4) | (17.5) | (17.4) | (22.2) | −27.4% | |
| 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) | (0.01) | (0.02) | (0.02) | (0.02) | (0.02) | −8.6% | |
| EPS, diluted (per share) | (0.01) | (0.01) | (0.02) | (0.02) | (0.02) | (0.02) | −8.6% | |
| EBITDA | (4.2) | (9.5) | (17.6) | (17.8) | (16.7) | (21.5) | −29.1% | |
| Depreciation & amortization | 0.4 | 0.9 | 1.8 | 1.7 | 2.6 | 4.2 | +63.8% | |
| Weighted average shares (shares) | 528,865,765 | 706,413,693 | 734,745,000 | 740,466,101 | 784,681,892 | 921,398,330 | +17.4% | |
| Weighted average diluted shares (shares) | 528,865,765 | 706,413,693 | 734,745,000 | 741,451,000 | 784,681,892 | 921,398,330 | +17.4% | |
| Gross margin | — | −131.2% | −260.1% | −29.5% | −46.6% | −3,469.6% | −3423.0 pts | |
| Operating margin | — | −1,755.8% | −3,275.4% | −8,819.4% | −489.0% | −20,609.6% | −20120.6 pts | |
| Net margin | — | −1,582.0% | −2,825.8% | −7,698.2% | −435.3% | −17,756.0% | −17320.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
