| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.3 | 19.5 | 21.3 | 23.1 | 26.3 | 28.3 | +7.7% | |
| Cost of revenue | 14.1 | 14.3 | 15.4 | 8.0 | 19.4 | 20.9 | +7.4% | |
| Gross profit | 5.1 | 5.2 | 5.9 | 15.1 | 6.9 | 7.5 | +8.5% | |
| Research & development | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.4 | +13.5% | |
| Selling, general & administrative | 3.3 | 3.1 | 3.6 | 12.6 | 4.2 | 4.5 | +7.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 3.4 | 3.3 | 3.9 | 12.6 | 4.5 | 4.9 | +7.9% | |
| Operating income | 1.7 | 1.9 | 2.1 | 2.6 | 2.7 | 2.6 | −2.8% | |
| Interest expense | 0.2 | 0.3 | 0.3 | 0.4 | 0.6 | 0.5 | −9.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | 0.1 | −40.0% | |
| Other income / expense | (0.4) | (0.4) | (0.3) | (0.5) | (0.1) | (0.1) | −6.6% | |
| Pre-tax income | 1.5 | 2.0 | 1.8 | 2.1 | 2.3 | 2.5 | +9.9% | |
| Income tax | 0.2 | 0.2 | 0.3 | 0.4 | 0.2 | 0.4 | +47.2% | |
| Net income | 1.3 | 1.8 | 1.6 | 1.9 | 2.0 | 2.1 | +5.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.1 | 0.1 | 0.2 | 0.2 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.41 | 0.55 | 0.51 | 0.61 | 0.65 | 0.69 | +6.2% | |
| EPS, diluted (per share) | 0.40 | 0.55 | 0.50 | 0.60 | 0.64 | 0.68 | +6.3% | |
| EBITDA | 2.4 | 2.9 | 2.8 | 3.4 | 4.0 | 3.8 | −5.1% | |
| Depreciation & amortization | 0.7 | 0.7 | 0.8 | 0.8 | 1.1 | 1.2 | +6.9% | |
| Weighted average shares (shares) | 3,191,000,000 | 3,187,000,000 | 3,112,000,000 | 3,031,000,000 | 3,013,000,000 | 2,997,000,000 | −0.5% | |
| Weighted average diluted shares (shares) | 3,210,000,000 | 3,211,000,000 | 3,153,000,000 | 3,072,000,000 | 3,053,000,000 | 3,031,000,000 | −0.7% | |
| Gross margin | 26.7% | 26.6% | 27.8% | 65.4% | 26.2% | 26.4% | +0.2 pts | |
| Operating margin | 8.8% | 9.6% | 9.6% | 11.1% | 10.2% | 9.2% | −1.0 pts | |
| Net margin | 6.7% | 9.0% | 7.5% | 8.0% | 7.4% | 7.3% | −0.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
