| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.9 | 1.2 | 1.4 | 1.5 | 1.6 | 1.7 | +8.7% | |
| Cost of revenue | 0.6 | 0.8 | 0.9 | 0.3 | 0.3 | 0.8 | +156.2% | |
| Gross profit | 0.3 | 0.4 | 0.5 | 1.2 | 1.3 | 0.9 | −26.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.2 | 0.3 | 0.3 | 1.1 | 0.8 | 0.0 | −100.0% | |
| Selling & marketing | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.2 | 0.3 | 0.3 | 1.1 | 1.1 | 1.2 | +10.1% | |
| Operating income | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | −16.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +50.8% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −83.3% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | +16.9% | |
| Pre-tax income | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −16.0% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −26.5% | |
| Net income | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −12.9% | |
| 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) | 0.10 | 0.23 | 0.33 | 0.31 | 0.28 | 0.24 | −14.3% | |
| EPS, diluted (per share) | 0.10 | 0.23 | 0.33 | 0.31 | 0.28 | 0.24 | −14.3% | |
| EBITDA | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | +2.9% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +27.3% | |
| Weighted average shares (shares) | 337,085,600 | 337,648,600 | 338,553,400 | 339,148,000 | 342,754,000 | 346,000,000 | +0.9% | |
| Weighted average diluted shares (shares) | 337,792,400 | 339,692,400 | 339,398,800 | 339,849,000 | 343,738,000 | 346,300,000 | +0.7% | |
| Gross margin | 32.1% | 34.8% | 34.8% | 82.3% | 80.5% | 54.1% | −26.4 pts | |
| Operating margin | 6.6% | 10.3% | 10.6% | 9.6% | 9.6% | 7.4% | −2.2 pts | |
| Net margin | 3.6% | 6.4% | 8.1% | 7.1% | 6.1% | 4.9% | −1.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
