| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.1 | 1.1 | 1.3 | 1.0 | 0.7 | 1.2 | +75.9% | |
| Cost of revenue | 0.1 | 0.1 | 0.3 | 0.6 | 0.0 | — | — | |
| Gross profit | 1.0 | 1.0 | 1.0 | 1.0 | 0.7 | — | — | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Selling, general & administrative | 0.7 | 0.7 | 0.7 | 0.8 | 0.6 | — | — | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | — | — | |
| Operating expenses | 0.8 | 0.8 | 0.9 | 0.8 | 0.6 | — | — | |
| Operating income | 0.3 | 0.2 | 0.1 | 0.3 | 0.1 | 0.1 | −6.9% | |
| Interest expense | 0.0 | 0.0 | 0.3 | 0.6 | 0.0 | — | — | |
| Interest income | 0.7 | 0.7 | 0.9 | 1.2 | 0.0 | — | — | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.1) | (0.2) | — | — | |
| Pre-tax income | 0.3 | 0.2 | 0.1 | 0.1 | (0.1) | (0.1) | +50.7% | |
| Income tax | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | +8.5% | |
| Net income | 0.2 | 0.2 | 0.1 | 0.1 | (0.1) | (0.1) | −10.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 1.35 | 1.10 | 0.54 | 0.60 | (0.67) | (0.57) | +14.7% | |
| EPS, diluted (per share) | 1.34 | 1.10 | 0.54 | 0.60 | (0.67) | (0.57) | +14.7% | |
| EBITDA | 0.4 | 0.3 | 0.2 | 0.3 | 0.1 | — | — | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −13.4% | |
| Weighted average shares (shares) | 149,900,000 | 149,600,000 | 149,400,000 | 149,700,000 | 149,700,000 | 150,000,000 | +0.2% | |
| Weighted average diluted shares (shares) | 151,300,000 | 150,300,000 | 149,600,000 | 150,000,000 | 149,900,000 | 150,000,000 | +0.1% | |
| Gross margin | 89.5% | 90.0% | 76.8% | 100.0% | 100.0% | — | — | |
| Operating margin | 23.2% | 21.0% | 8.6% | 25.7% | 18.2% | 9.7% | −8.6 pts | |
| Net margin | 17.7% | 14.8% | 6.2% | 9.8% | −11.4% | −7.2% | +4.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
