| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (9.5) | 34.1 | 11.4 | 22.8 | 24.9 | 37.0 | +48.7% | |
| Cost of revenue | 1.4 | 1.6 | 1.6 | 1.7 | 2.0 | 2.1 | +5.8% | |
| Gross profit | (10.9) | 32.5 | 9.7 | 21.1 | 22.9 | 34.9 | +52.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.6 | 0.7 | 0.7 | 0.8 | 0.9 | +19.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | (22.3) | 0.8 | 0.9 | 0.9 | 1.1 | (32.8) | −3216.7% | |
| Operating income | (22.9) | 45.4 | (11.5) | 39.1 | 41.0 | 67.7 | +64.9% | |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.1 | −80.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | −73.4% | |
| Other income / expense | 0.1 | 0.5 | (0.5) | 0.2 | (2.2) | (1.0) | +53.4% | |
| Pre-tax income | (22.9) | 45.9 | (12.0) | 39.3 | 38.9 | 66.7 | +71.5% | |
| Income tax | 0.9 | 0.8 | 0.9 | 0.9 | 0.9 | 1.0 | +11.2% | |
| Net income | (23.7) | 45.1 | (12.9) | 38.3 | 37.9 | 65.6 | +73.0% | |
| 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) | (0.18) | 0.33 | (0.08) | 0.28 | 0.28 | 0.49 | +75.0% | |
| EPS, diluted (per share) | (0.18) | 0.28 | (0.08) | 0.28 | 0.28 | 0.49 | +75.0% | |
| EBITDA | (22.9) | 45.4 | (11.5) | 39.3 | 41.0 | 67.7 | +64.9% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 134,730,610 | 134,730,610 | 161,676,732 | 134,730,610 | 134,730,610 | 134,730,610 | +0.0% | |
| Weighted average diluted shares (shares) | 134,730,610 | 134,730,610 | 161,676,732 | 134,730,610 | 134,730,610 | 134,730,610 | +0.0% | |
| Gross margin | 115.1% | 95.3% | 85.6% | 92.5% | 92.0% | 94.3% | +2.3 pts | |
| Operating margin | 242.3% | 133.2% | −101.6% | 171.5% | 164.9% | 182.8% | +17.9 pts | |
| Net margin | 250.6% | 132.3% | −113.5% | 168.2% | 152.4% | 177.3% | +24.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
