| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.6 | 7.2 | 28.1 | 50.6 | 81.6 | 71.6 | −12.2% | |
| Cost of revenue | 2.3 | 2.3 | 8.7 | 18.1 | 25.4 | 45.8 | +80.7% | |
| Gross profit | 3.3 | 4.9 | 19.4 | 32.5 | 56.2 | 25.8 | −54.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 5.5 | 4.8 | 7.3 | 10.5 | 14.4 | 12.1 | −15.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.6 | 0.0 | 0.0 | — | |
| Operating expenses | 10.8 | 7.9 | 12.8 | 18.8 | 26.6 | 12.3 | −53.7% | |
| Operating income | (7.5) | (3.0) | 6.6 | 13.7 | 29.6 | 13.5 | −54.6% | |
| Interest expense | 0.2 | 0.8 | 0.5 | 0.1 | 0.0 | 0.0 | −8.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (26.5) | 7.3 | 1.8 | (10.7) | (0.4) | (7.6) | −1858.5% | |
| Pre-tax income | (34.0) | 4.4 | 8.4 | 3.0 | 29.3 | 5.8 | −80.1% | |
| Income tax | (1.8) | (1.3) | 8.1 | 4.1 | 16.1 | 4.4 | −72.9% | |
| Net income | (32.2) | 5.7 | 0.3 | (1.1) | 13.2 | 1.5 | −88.9% | |
| 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) | (0.47) | 0.06 | 0.00 | (0.00) | 0.05 | 0.01 | −89.8% | |
| EPS, diluted (per share) | (0.47) | 0.06 | 0.00 | (0.00) | 0.05 | 0.01 | −90.0% | |
| EBITDA | (31.7) | 6.8 | 14.4 | 15.4 | 46.8 | 34.7 | −25.9% | |
| Depreciation & amortization | 2.0 | 1.6 | 5.5 | 12.2 | 17.5 | 21.2 | +21.0% | |
| Weighted average shares (shares) | 68,581,000 | 94,553,000 | 215,468,000 | 242,537,000 | 285,864,000 | 285,864,348 | +0.0% | |
| Weighted average diluted shares (shares) | 68,675,000 | 96,243,000 | 279,288,000 | 289,903,000 | 291,227,000 | 291,754,093 | +0.2% | |
| Gross margin | 58.5% | 68.2% | 69.1% | 64.2% | 68.9% | 36.0% | −32.9 pts | |
| Operating margin | −134.6% | −41.5% | 23.5% | 27.1% | 36.3% | 18.8% | −17.5 pts | |
| Net margin | −576.1% | 79.5% | 1.2% | −2.2% | 16.2% | 2.0% | −14.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
