| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (10.3) | 371.1 | 110.1 | 116.2 | 169.2 | 155.4 | −8.1% | |
| Cost of revenue | 10.1 | 0.9 | 11.6 | 11.0 | 6.4 | 12.7 | +97.6% | |
| Gross profit | (20.4) | 371.2 | 98.5 | 105.3 | 171.0 | 142.7 | −16.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 3.5 | 3.6 | 2.9 | 10.5 | 3.0 | 3.6 | +17.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.8 | 0.0 | 0.0 | — | |
| Operating expenses | 9.2 | 3.7 | 3.0 | 2.7 | 3.1 | 42.0 | +1253.2% | |
| Operating income | (218.3) | 367.5 | (154.8) | 103.3 | 158.1 | 100.8 | −36.3% | |
| Interest expense | 0.8 | 0.9 | 1.8 | 4.1 | 6.4 | 4.5 | −29.3% | |
| Interest income | 0.8 | 0.1 | 0.0 | 0.1 | 0.1 | 59.4 | +50238.1% | |
| Other income / expense | (0.8) | (0.9) | (1.9) | (4.2) | (6.5) | (4.5) | +30.0% | |
| Pre-tax income | (219.2) | 367.5 | (156.7) | 99.1 | 151.6 | 96.2 | −36.5% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — | |
| Net income | (219.2) | 367.5 | (156.8) | 99.0 | 151.6 | 96.2 | −36.5% | |
| 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) | (2.46) | 4.15 | (1.81) | 1.17 | 1.80 | 1.18 | −34.4% | |
| EPS, diluted (per share) | (2.46) | 4.15 | (1.76) | 1.17 | 1.80 | 1.18 | −34.4% | |
| EBITDA | 0.0 | 368.5 | 0.0 | 103.3 | 158.1 | 100.8 | −36.3% | |
| Depreciation & amortization | 218.3 | 0.0 | 154.8 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 89,285,989 | 88,519,932 | 86,570,115 | 84,766,084 | 84,175,009 | 81,626,049 | −3.0% | |
| Weighted average diluted shares (shares) | 89,285,989 | 88,519,932 | 89,285,989 | 84,766,084 | 84,175,009 | 81,626,049 | −3.0% | |
| Gross margin | 198.8% | 100.0% | 89.4% | 90.6% | 101.1% | 91.9% | −9.2 pts | |
| Operating margin | 2,124.8% | 99.0% | −140.6% | 88.9% | 93.4% | 64.8% | −28.6 pts | |
| Net margin | 2,133.1% | 99.0% | −142.4% | 85.2% | 89.6% | 61.9% | −27.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
