| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.4 | 190.6 | 311.8 | 602.3 | 746.3 | 836.3 | +12.1% | |
| Cost of revenue | 0.0 | 59.1 | 136.1 | 8.2 | 0.0 | 49.9 | — | |
| Gross profit | 0.4 | 131.5 | 311.8 | 594.1 | 746.3 | 786.4 | +5.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.2 | 0.3 | 2.1 | 0.0 | 1.2 | 1.3 | +8.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 18.8 | 232.6 | 242.6 | 402.1 | 620.7 | 669.6 | +7.9% | |
| Operating income | (18.4) | (41.5) | (43.1) | 192.0 | 125.6 | 116.8 | −7.0% | |
| Interest expense | 0.0 | 0.5 | 0.0 | 1.2 | 1.2 | 1.2 | +2.1% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 0.0 | (0.5) | (0.8) | (1.2) | (1.2) | 0.0 | +100.0% | |
| Pre-tax income | (4.6) | (42.0) | (43.9) | 190.8 | 125.6 | 116.8 | −7.0% | |
| Income tax | 0.0 | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (4.6) | (42.0) | (43.9) | 190.8 | 125.6 | 116.8 | −7.0% | |
| 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) | (0.03) | (0.25) | (0.27) | 1.19 | 0.80 | 0.75 | −6.3% | |
| EPS, diluted (per share) | (0.03) | (0.25) | (0.27) | 1.19 | 0.79 | 0.74 | −6.3% | |
| EBITDA | (4.7) | (41.4) | (36.1) | 192.7 | 127.9 | 119.1 | −6.9% | |
| Depreciation & amortization | 0.0 | 0.1 | 0.9 | 0.7 | 1.1 | 1.1 | +0.0% | |
| Weighted average shares (shares) | 165,239,997 | 165,239,907 | 162,592,593 | 160,103,836 | 157,000,000 | 155,733,333 | −0.8% | |
| Weighted average diluted shares (shares) | 165,239,997 | 165,239,907 | 165,239,997 | 160,103,836 | 158,987,342 | 157,837,838 | −0.7% | |
| Gross margin | 100.0% | 69.0% | 100.0% | 98.6% | 100.0% | 94.0% | −6.0 pts | |
| Operating margin | −4,600.0% | −21.8% | −13.8% | 31.9% | 16.8% | 14.0% | −2.9 pts | |
| Net margin | −1,150.0% | −22.0% | −14.1% | 31.7% | 16.8% | 14.0% | −2.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
