| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4.5 | 23.0 | 32.4 | 51.5 | 118.4 | 30.0 | −74.6% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 44.0 | 0.0 | 0.2 | +563.3% | |
| Gross profit | 4.5 | 23.0 | 32.4 | 7.4 | 118.4 | 29.9 | −74.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 3.6 | 4.8 | 4.9 | 7.9 | 13.7 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | (9.5) | 3.7 | 4.9 | 7.9 | 13.7 | (18.1) | −231.7% | |
| Operating income | 13.8 | 19.5 | 27.6 | 42.9 | 104.7 | 47.9 | −54.2% | |
| Interest expense | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | +223.3% | |
| Interest income | 0.0 | 1.1 | 0.8 | 2.4 | 5.0 | 10.1 | +100.1% | |
| Other income / expense | (0.1) | (0.3) | 0.2 | 0.7 | 3.1 | 1.1 | −65.2% | |
| Pre-tax income | 13.7 | 19.4 | 27.6 | 43.6 | 104.7 | 49.0 | −53.2% | |
| Income tax | 0.0 | 1.9 | 3.7 | 1.1 | 5.2 | 0.8 | −85.0% | |
| Net income | 13.7 | 17.5 | 23.8 | 42.5 | 99.5 | 48.2 | −51.5% | |
| 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) | 0.38 | 0.49 | 0.66 | 1.15 | 2.70 | 1.33 | −50.7% | |
| EPS, diluted (per share) | 0.38 | 0.47 | 0.64 | 1.14 | 2.56 | 1.26 | −50.8% | |
| EBITDA | 14.0 | 19.8 | 27.7 | 43.5 | 104.7 | 49.3 | −52.9% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | −0.5% | |
| Weighted average shares (shares) | 35,948,587 | 35,988,766 | 36,017,964 | 37,081,306 | 36,919,364 | 36,369,701 | −1.5% | |
| Weighted average diluted shares (shares) | 35,948,587 | 36,925,601 | 37,461,111 | 37,317,565 | 38,838,123 | 38,290,960 | −1.4% | |
| Gross margin | 100.0% | 100.0% | 100.0% | 14.4% | 100.0% | 99.3% | −0.6 pts | |
| Operating margin | 306.9% | 84.5% | 85.2% | 83.4% | 88.4% | 159.4% | +71.0 pts | |
| Net margin | 304.6% | 75.9% | 73.5% | 82.6% | 84.0% | 160.5% | +76.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.