| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 | 2.6 | 7.1 | 14.0 | 5.9 | 21.9 | +268.4% | |
| Cost of revenue | 0.2 | 0.9 | 4.7 | 19.1 | 6.4 | 13.3 | +108.8% | |
| Gross profit | 1.4 | 1.7 | 2.3 | (5.1) | (0.4) | 8.6 | +2132.6% | |
| Research & development | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.6 | 2.1 | 2.9 | 4.8 | 4.6 | 5.3 | +15.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.6 | 2.1 | 2.9 | 26.4 | 32.9 | 22.8 | −30.6% | |
| Operating income | (1.2) | 28.2 | (0.5) | (31.4) | (33.3) | (14.2) | +57.3% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 4.3 | +335.8% | |
| Interest income | 0.2 | 0.0 | 0.1 | 0.2 | 0.3 | 0.1 | −58.3% | |
| Other income / expense | 0.2 | 0.0 | 0.1 | 0.2 | (0.7) | (5.3) | −704.8% | |
| Pre-tax income | (8.2) | 28.2 | (0.0) | (31.2) | (34.0) | (19.5) | +42.4% | |
| Income tax | (0.2) | 1.7 | 0.0 | (1.7) | 0.0 | 0.0 | — | |
| Net income | (8.0) | 26.5 | (0.1) | (29.5) | (33.7) | (19.5) | +41.9% | |
| 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) | (0.15) | 0.50 | (0.00) | (0.50) | (0.56) | (0.33) | +41.1% | |
| EPS, diluted (per share) | (0.15) | 0.50 | (0.00) | (0.50) | (0.56) | (0.33) | +41.1% | |
| EBITDA | (1.1) | 28.3 | 0.0 | (31.2) | (34.2) | (13.4) | +60.8% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.6 | 0.6 | 1.8 | +182.5% | |
| Weighted average shares (shares) | 54,007,994 | 53,064,275 | 58,015,099 | 59,638,588 | 59,638,588 | 59,638,588 | +0.0% | |
| Weighted average diluted shares (shares) | 54,007,994 | 53,064,275 | 58,015,099 | 59,638,588 | 59,638,588 | 59,638,588 | +0.0% | |
| Gross margin | 86.1% | 65.6% | 33.2% | −36.2% | −7.1% | 39.3% | +46.4 pts | |
| Operating margin | −70.5% | 1,066.5% | −7.2% | −223.7% | −560.3% | −64.9% | +495.4 pts | |
| Net margin | −474.9% | 1,004.0% | −0.8% | −210.2% | −566.7% | −89.3% | +477.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
