| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 | 31.7 | 32.5 | 57.0 | (10.1) | 6.0 | +159.5% | |
| Cost of revenue | 0.8 | 0.9 | (2.6) | 2.9 | (0.0) | 0.2 | +529.5% | |
| Gross profit | 0.9 | 30.8 | 35.2 | 54.2 | (10.1) | 5.8 | +157.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.9 | 0.8 | 3.6 | 1.0 | 1.2 | +21.4% | |
| Selling & marketing | 0.0 | 0.1 | 0.1 | 0.7 | 0.0 | 0.0 | — | |
| Operating expenses | 0.6 | 0.9 | 0.8 | 0.7 | 0.8 | (41.7) | −5399.2% | |
| Operating income | (2.2) | 30.8 | (35.3) | 53.4 | (10.9) | 47.4 | +536.6% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.5 | 0.2 | −68.3% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | 0.0 | 0.2 | (0.0) | −113.9% | |
| Pre-tax income | (2.2) | 30.8 | (35.3) | 53.4 | (10.7) | 47.4 | +544.8% | |
| Income tax | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.2 | +289.1% | |
| Net income | (2.2) | 30.7 | (35.4) | 53.4 | (10.7) | 47.3 | +541.2% | |
| 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) | (0.03) | 0.40 | (0.46) | 0.70 | (0.13) | 0.42 | +423.1% | |
| EPS, diluted (per share) | (0.03) | 0.40 | (0.46) | 0.70 | (0.13) | 0.42 | +423.1% | |
| EBITDA | 0.0 | 30.8 | 0.0 | 53.4 | (10.7) | 47.4 | +544.8% | |
| Depreciation & amortization | 2.2 | 0.0 | 35.3 | 0.0 | 10.9 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 72,555,357 | 76,253,921 | 76,592,940 | 76,078,460 | 79,629,980 | 112,803,770 | +41.7% | |
| Weighted average diluted shares (shares) | 72,555,357 | 76,253,921 | 76,592,940 | 76,078,460 | 79,629,980 | 112,803,770 | +41.7% | |
| Gross margin | 54.1% | 97.2% | 108.1% | 95.0% | 100.0% | 96.9% | −3.1 pts | |
| Operating margin | −128.6% | 97.1% | −108.6% | 93.7% | 107.8% | 790.5% | +682.7 pts | |
| Net margin | −130.4% | 97.0% | −108.9% | 93.6% | 106.3% | 787.5% | +681.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
