| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 162.3 | 0.9 | (598.1) | (28.6) | 42.4 | 65.3 | +53.8% | |
| Cost of revenue | 34.9 | 117.7 | 6.6 | 4.1 | 3.1 | 4.8 | +57.7% | |
| Gross profit | 127.4 | (116.9) | (604.7) | (32.7) | 42.4 | 60.5 | +42.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.9 | 3.8 | 3.2 | 2.7 | 3.2 | 3.1 | −3.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.9 | 3.8 | 3.2 | 2.7 | 3.2 | (69.4) | −2247.6% | |
| Operating income | 161.4 | 448.3 | (601.3) | (78.2) | 39.2 | 129.9 | +231.1% | |
| Interest expense | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 7.8 | — | |
| Interest income | 0.6 | 0.9 | 0.1 | 1.1 | 0.8 | 4.1 | +391.5% | |
| Other income / expense | (1.0) | 0.0 | (0.0) | (0.0) | (1.2) | (9.4) | −663.1% | |
| Pre-tax income | 160.4 | 448.3 | (601.3) | (78.2) | 39.2 | 120.5 | +207.2% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 160.4 | 448.3 | (601.3) | (78.2) | 39.2 | 120.5 | +207.2% | |
| 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) | 0.48 | 0.95 | (1.03) | (0.13) | 0.07 | 0.24 | +264.2% | |
| EPS, diluted (per share) | 0.48 | 0.95 | (1.03) | (0.13) | 0.07 | 0.24 | +264.2% | |
| EBITDA | 161.4 | 448.3 | (601.3) | (78.2) | 39.2 | 129.9 | +231.1% | |
| Depreciation & amortization | 0.0 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 337,015,067 | 473,121,000 | 582,448,943 | 595,150,414 | 595,149,710 | 509,499,538 | −14.4% | |
| Weighted average diluted shares (shares) | 337,015,067 | 473,121,000 | 582,448,943 | 595,150,414 | 595,149,710 | 509,499,538 | −14.4% | |
| Gross margin | 78.5% | −13,733.3% | 101.1% | 114.2% | 100.0% | 92.6% | −7.4 pts | |
| Operating margin | 99.4% | 52,680.1% | 100.5% | 273.4% | 92.4% | 198.8% | +106.5 pts | |
| Net margin | 98.8% | 52,680.1% | 100.5% | 273.5% | 92.4% | 184.5% | +92.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
