| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3 | 3.2 | 3.0 | 2.8 | 2.4 | 2.2 | −9.3% | |
| Cost of revenue | 2.8 | 2.7 | 2.4 | 2.2 | 1.9 | 1.8 | −7.7% | |
| Gross profit | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | 0.4 | −15.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.4 | 0.3 | 0.5 | 0.6 | 0.5 | 0.6 | +13.5% | |
| Selling & marketing | (0.1) | (0.3) | (0.3) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.4 | 0.3 | 0.5 | 0.6 | 0.5 | 0.3 | −42.8% | |
| Operating income | 0.2 | 0.2 | 0.1 | (0.1) | (0.0) | 0.1 | +1490.9% | |
| Interest expense | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | −10.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −8.9% | |
| Other income / expense | (0.0) | 0.4 | 0.1 | (0.1) | 0.1 | (0.3) | −344.0% | |
| Pre-tax income | (0.0) | 0.3 | 0.1 | (0.1) | 0.1 | (0.2) | −246.6% | |
| Income tax | (0.0) | 0.1 | (0.0) | 0.1 | 0.0 | (0.0) | −114.6% | |
| Net income | 0.0 | 0.2 | 0.1 | (0.2) | 0.1 | (0.2) | −314.0% | |
| 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) | 0.01 | 2.00 | 0.67 | (1.59) | 0.68 | (1.44) | −311.8% | |
| EPS, diluted (per share) | 0.12 | 2.00 | 0.66 | (1.59) | 0.66 | (1.44) | −318.2% | |
| EBITDA | 0.2 | 0.5 | 0.2 | 0.1 | 0.3 | (0.0) | −108.3% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | −14.8% | |
| Weighted average shares (shares) | 227,309,628 | 113,916,349 | 113,333,333 | 112,012,578 | 115,948,601 | 113,856,000 | −1.8% | |
| Weighted average diluted shares (shares) | 110,406,672 | 112,386,672 | 113,446,672 | 112,060,006 | 116,033,339 | 113,856,000 | −1.9% | |
| Gross margin | 16.2% | 16.0% | 19.3% | 21.0% | 21.3% | 20.0% | −1.4 pts | |
| Operating margin | 4.7% | 6.2% | 3.7% | −1.8% | −0.4% | 6.3% | +6.7 pts | |
| Net margin | 0.4% | 7.1% | 2.5% | −6.3% | 3.2% | −7.5% | −10.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
