| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (130.0) | 39.8 | 6.8 | (2.1) | 58.0 | 4.9 | −91.6% | |
| Cost of revenue | 0.0 | (4.1) | 3.2 | 0.0 | 0.0 | 0.0 | — | |
| Gross profit | (130.0) | 39.8 | 6.8 | (2.1) | 58.0 | 4.9 | −91.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.3 | 1.1 | 1.2 | 0.8 | 0.7 | 1.9 | +157.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.3 | 2.7 | 2.6 | 1.7 | 0.7 | 1.9 | +157.5% | |
| Operating income | (131.8) | 37.1 | 4.1 | (3.9) | 57.3 | 3.0 | −94.8% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | −100.0% | |
| Other income / expense | 0.3 | (2.5) | 4.7 | (1.7) | (0.2) | (4.4) | −1923.3% | |
| Pre-tax income | (131.3) | 34.6 | 8.8 | (5.6) | 57.3 | (1.4) | −102.5% | |
| Income tax | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (131.3) | 34.6 | 8.8 | (5.6) | 57.3 | (1.4) | −102.5% | |
| 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) | (1.40) | 0.40 | 0.11 | (0.07) | 0.69 | (0.02) | −103.0% | |
| EPS, diluted (per share) | (1.40) | 0.40 | 0.11 | (0.07) | 0.69 | (0.02) | −103.0% | |
| EBITDA | 0.0 | 37.1 | 8.8 | 0.0 | 57.3 | 2.9 | −94.9% | |
| Depreciation & amortization | 131.8 | 0.0 | 0.0 | 3.9 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 93,771,223 | 86,648,736 | 83,430,611 | 83,231,000 | 83,177,983 | 70,009,712 | −15.8% | |
| Weighted average diluted shares (shares) | 93,771,223 | 86,648,736 | 83,430,611 | 83,231,000 | 83,177,141 | 70,008,222 | −15.8% | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 101.4% | 93.2% | 60.9% | 180.6% | 98.7% | 60.8% | −37.9 pts | |
| Net margin | 101.0% | 86.9% | 130.0% | 260.8% | 98.7% | −29.4% | −128.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
