| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 424.9 | 199.5 | 219.3 | 186.8 | 144.4 | 140.1 | −3.0% | |
| Cost of revenue | 80.3 | 73.4 | 66.2 | 85.1 | 23.8 | — | — | |
| Gross profit | 344.6 | 126.1 | 153.1 | 101.7 | 120.6 | — | — | |
| Research & development | 0.5 | 0.4 | 0.4 | 0.3 | 0.3 | — | — | |
| Selling, general & administrative | 18.9 | 17.4 | 17.4 | 19.1 | 16.1 | — | — | |
| Selling & marketing | 5.5 | 3.5 | 2.2 | 2.2 | 2.0 | — | — | |
| Operating expenses | (51.2) | 58.3 | 47.4 | 44.5 | 63.4 | — | — | |
| Operating income | 258.3 | 119.2 | 77.4 | 57.2 | 57.2 | 99.0 | +73.1% | |
| Interest expense | 0.4 | 0.4 | 0.3 | 0.3 | 0.3 | — | — | |
| Interest income | 4.3 | 7.7 | 27.2 | 39.1 | 40.9 | 28.2 | −31.1% | |
| Other income / expense | 24.2 | (0.8) | 34.4 | 70.9 | 51.4 | — | — | |
| Pre-tax income | 282.2 | 118.4 | 111.3 | 128.1 | 108.6 | 126.5 | +16.5% | |
| Income tax | 40.7 | 26.5 | 25.3 | 29.9 | 23.5 | 19.6 | −16.6% | |
| Net income | 240.1 | 88.5 | 83.3 | 93.7 | 81.2 | 103.3 | +27.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.36 | 0.13 | 0.12 | 0.14 | 0.12 | 0.16 | +30.6% | |
| EPS, diluted (per share) | 0.34 | 0.13 | 0.12 | 0.14 | 0.12 | 0.15 | +25.3% | |
| EBITDA | 276.8 | 107.6 | 86.6 | 131.5 | 112.0 | 102.6 | −8.4% | |
| Depreciation & amortization | 2.8 | 3.1 | 3.2 | 3.1 | 3.1 | 3.6 | +16.1% | |
| Weighted average shares (shares) | 659,341,111 | 659,466,487 | 670,224,113 | 672,458,761 | 667,060,639 | 659,160,156 | −1.2% | |
| Weighted average diluted shares (shares) | 701,267,587 | 702,124,339 | 685,760,649 | 691,730,988 | 689,499,986 | 686,776,259 | −0.4% | |
| Gross margin | 81.1% | 63.2% | 69.8% | 54.4% | 83.5% | — | — | |
| Operating margin | 60.8% | 59.7% | 35.3% | 30.6% | 39.6% | 70.7% | +31.1 pts | |
| Net margin | 56.5% | 44.4% | 38.0% | 50.2% | 56.2% | 73.7% | +17.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
