| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 141.5 | 46.2 | (29.5) | 111.7 | 47.9 | 4.0 | −91.7% | |
| Cost of revenue | (3.5) | (4.0) | 0.0 | 0.0 | 2.0 | 3.0 | +53.9% | |
| Gross profit | 145.1 | 50.1 | (29.5) | 111.7 | 45.9 | 0.9 | −97.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.8 | 0.9 | 4.3 | 3.9 | 1.1 | 0.0 | −100.0% | |
| Selling & marketing | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Operating expenses | 0.8 | 0.9 | 4.3 | 3.9 | 1.1 | 88.8 | +8300.8% | |
| Operating income | 141.4 | 45.9 | (33.8) | 107.8 | 44.9 | (87.8) | −295.8% | |
| Interest expense | 0.3 | 0.3 | 1.3 | 2.5 | 2.0 | 1.3 | −34.9% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 4.0 | +2675.7% | |
| Other income / expense | (0.7) | (0.7) | (1.8) | (2.9) | (2.5) | (2.2) | +12.3% | |
| Pre-tax income | 140.7 | 45.3 | (35.6) | 104.8 | 44.9 | (90.0) | −300.6% | |
| Income tax | 14.1 | 4.7 | (1.3) | 13.8 | 13.4 | (5.7) | −142.8% | |
| Net income | 126.6 | 40.6 | (34.3) | 91.0 | 31.5 | (84.3) | −367.8% | |
| 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) | 2.16 | 0.70 | (0.60) | 1.69 | 0.63 | (1.85) | −393.7% | |
| EPS, diluted (per share) | 2.16 | 0.70 | (0.60) | 1.69 | 0.63 | (1.85) | −393.7% | |
| EBITDA | 141.4 | 45.9 | 0.0 | 107.8 | 44.9 | (88.7) | −297.8% | |
| Depreciation & amortization | 0.0 | 0.0 | 33.8 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 58,551,911 | 58,276,006 | 57,105,526 | 53,907,480 | 50,206,923 | 45,623,974 | −9.1% | |
| Weighted average diluted shares (shares) | 58,551,911 | 58,276,006 | 57,105,465 | 53,907,480 | 50,206,923 | 45,623,974 | −9.1% | |
| Gross margin | 102.5% | 108.6% | 100.0% | 100.0% | 95.9% | 23.7% | −72.1 pts | |
| Operating margin | 99.9% | 99.4% | 114.5% | 96.5% | 93.7% | −2,197.8% | −2291.5 pts | |
| Net margin | 89.5% | 87.9% | 116.0% | 81.5% | 65.7% | −2,108.8% | −2174.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
