| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (44.5) | (26.3) | 16.7 | 56.7 | (62.4) | 66.1 | +205.8% | |
| Cost of revenue | 0.2 | 0.2 | 0.3 | 0.4 | 0.0 | 1.4 | — | |
| Gross profit | (44.5) | (26.5) | 16.7 | 56.7 | (62.4) | 64.7 | +203.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.9 | 0.8 | 0.6 | 1.5 | 1.3 | 0.8 | −34.6% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +27.2% | |
| Operating expenses | 0.9 | 0.8 | 0.6 | 2.1 | 1.9 | 0.7 | −61.2% | |
| Operating income | (45.4) | (27.1) | 14.6 | 54.6 | (64.3) | 63.9 | +199.4% | |
| Interest expense | 0.2 | 0.2 | 0.3 | 0.4 | 0.7 | 0.6 | −19.0% | |
| Interest income | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 10.7 | +46514.4% | |
| Other income / expense | 0.0 | (0.2) | (0.3) | (0.4) | (0.7) | (0.5) | +33.7% | |
| Pre-tax income | (45.4) | (27.3) | 14.3 | 54.3 | (65.0) | 63.5 | +197.6% | |
| Income tax | (1.8) | 0.7 | 0.6 | 0.8 | 0.5 | 0.5 | −4.6% | |
| Net income | (43.6) | (28.0) | 13.7 | 53.4 | (65.6) | 63.0 | +196.1% | |
| 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) | (1.11) | (0.71) | 0.41 | 1.81 | (2.23) | 2.14 | +196.0% | |
| EPS, diluted (per share) | (1.11) | (0.71) | 0.41 | 1.81 | (2.23) | 2.14 | +196.0% | |
| EBITDA | 0.0 | 0.0 | 14.8 | 54.6 | 0.0 | 64.0 | — | |
| Depreciation & amortization | 45.6 | 27.3 | 0.0 | 0.0 | 64.4 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 39,259,620 | 39,259,620 | 33,373,033 | 29,448,645 | 29,448,650 | 29,448,641 | −0.0% | |
| Weighted average diluted shares (shares) | 39,259,620 | 39,259,620 | 33,373,033 | 29,448,641 | 29,448,641 | 29,448,641 | +0.0% | |
| Gross margin | 100.0% | 100.8% | 100.0% | 100.0% | 100.0% | 97.9% | −2.1 pts | |
| Operating margin | 101.9% | 103.0% | 87.2% | 96.3% | 103.1% | 96.8% | −6.3 pts | |
| Net margin | 97.9% | 106.4% | 81.8% | 94.2% | 105.0% | 95.3% | −9.7 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.
