| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 262.8 | 432.7 | 500.2 | 570.9 | 601.1 | 624.3 | +3.9% | |
| Cost of revenue | 6.3 | 7.2 | 153.1 | 120.6 | 147.1 | 153.7 | +4.5% | |
| Gross profit | 256.5 | 425.5 | 347.1 | 450.3 | 601.1 | 470.6 | −21.7% | |
| Research & development | 1.3 | 0.9 | 2.5 | 3.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 37.7 | 55.0 | 72.7 | 26.3 | 27.3 | 23.3 | −14.7% | |
| Selling & marketing | 9.8 | 20.5 | 27.0 | 26.3 | 27.3 | 23.3 | −14.7% | |
| Operating expenses | 96.9 | 124.8 | 72.7 | 101.6 | 224.3 | 82.0 | −63.4% | |
| Operating income | 159.6 | 300.7 | 274.4 | 348.7 | 376.8 | 388.6 | +3.1% | |
| Interest expense | 3.8 | 2.6 | 3.3 | 4.0 | 2.0 | 5.2 | +160.0% | |
| Interest income | 0.1 | 0.1 | 0.2 | 0.5 | 0.9 | 1.3 | +44.4% | |
| Other income / expense | (2.2) | 0.3 | 13.5 | (3.5) | (1.1) | 0.2 | +118.2% | |
| Pre-tax income | 155.0 | 298.1 | 291.1 | 345.2 | 375.7 | 388.8 | +3.5% | |
| Income tax | 29.6 | 56.3 | 59.7 | 88.3 | 93.1 | 94.9 | +1.9% | |
| Net income | 127.8 | 244.7 | 233.9 | 256.9 | 282.6 | 293.9 | +4.0% | |
| 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) | 0.13 | 0.26 | 0.25 | 0.28 | 0.32 | 0.34 | +6.3% | |
| EPS, diluted (per share) | 0.13 | 0.26 | 0.25 | 0.28 | 0.32 | 0.34 | +6.3% | |
| EBITDA | 167.0 | 309.9 | 308.5 | 366.9 | 397.9 | 412.0 | +3.5% | |
| Depreciation & amortization | 6.3 | 7.2 | 14.1 | 18.3 | 20.7 | 23.4 | +13.0% | |
| Weighted average shares (shares) | 965,175,677 | 955,532,888 | 935,138,578 | 912,582,172 | 895,392,458 | 860,235,092 | −3.9% | |
| Weighted average diluted shares (shares) | 967,404,812 | 957,534,145 | 944,144,242 | 915,302,568 | 895,392,458 | 862,666,250 | −3.7% | |
| Gross margin | 97.6% | 98.3% | 69.4% | 78.9% | 100.0% | 75.4% | −24.6 pts | |
| Operating margin | 60.7% | 69.5% | 54.9% | 61.1% | 62.7% | 62.2% | −0.4 pts | |
| Net margin | 48.6% | 56.6% | 46.8% | 45.0% | 47.0% | 47.1% | +0.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
