| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 139.4 | 139.8 | 139.7 | 148.7 | 151.9 | 139.7 | −8.0% | |
| Cost of revenue | 29.6 | 31.8 | 31.9 | 35.7 | 56.0 | 39.2 | −30.0% | |
| Gross profit | 109.8 | 108.0 | 107.8 | 113.0 | 95.9 | 100.5 | +4.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 18.5 | 15.0 | 15.7 | 18.2 | 17.7 | 16.4 | −7.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | (9.5) | (3.9) | 31.9 | 336.4 | 148.4 | 32.9 | −77.8% | |
| Operating income | 119.3 | 111.9 | 75.9 | (223.4) | (52.5) | 67.6 | +228.8% | |
| Interest expense | 0.0 | 23.5 | 25.0 | 35.5 | 40.6 | 37.8 | −6.9% | |
| Interest income | 1.1 | 0.5 | 1.3 | 1.6 | 1.4 | 1.1 | −21.4% | |
| Other income / expense | (22.8) | (20.4) | (18.1) | (40.0) | (44.9) | (129.5) | −188.4% | |
| Pre-tax income | 96.5 | 91.5 | (82.0) | (263.4) | (97.4) | (61.9) | +36.4% | |
| Income tax | 19.1 | (28.0) | (0.1) | (13.6) | (3.8) | (11.6) | −205.3% | |
| Net income | 77.4 | 119.5 | (81.9) | (249.8) | (93.6) | (50.3) | +46.3% | |
| 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) | 0.19 | 0.29 | (0.20) | (0.63) | (0.24) | (0.13) | +45.8% | |
| EPS, diluted (per share) | 0.19 | 0.29 | (0.20) | (0.63) | (0.24) | (0.13) | +45.8% | |
| EBITDA | 76.9 | 79.6 | 76.5 | 80.0 | (55.8) | (23.3) | +58.2% | |
| Depreciation & amortization | 0.7 | 1.1 | 0.6 | 0.8 | 1.0 | 0.8 | −20.0% | |
| Weighted average shares (shares) | 407,395,760 | 407,395,760 | 404,410,051 | 397,330,507 | 397,411,297 | 398,083,875 | +0.2% | |
| Weighted average diluted shares (shares) | 407,395,760 | 407,395,760 | 404,410,051 | 397,330,507 | 397,410,268 | 398,083,875 | +0.2% | |
| Gross margin | 78.8% | 77.3% | 77.2% | 76.0% | 63.1% | 71.9% | +8.8 pts | |
| Operating margin | 85.6% | 80.0% | 54.3% | −150.2% | −34.6% | 48.4% | +83.0 pts | |
| Net margin | 55.5% | 85.5% | −58.6% | −168.0% | −61.6% | −36.0% | +25.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
