| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.3 | 13.5 | 26.6 | 60.4 | 78.1 | 92.1 | +17.9% | |
| Cost of revenue | 0.5 | 0.6 | 7.1 | 22.4 | 32.0 | 37.4 | +16.7% | |
| Gross profit | 9.8 | 13.0 | 19.5 | 27.1 | 47.4 | 54.7 | +15.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.8 | 9.1 | 10.8 | 2.6 | 3.5 | 4.1 | +16.5% | |
| Selling & marketing | 7.8 | 7.3 | 9.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 14.0 | 13.9 | 16.0 | 22.5 | 28.3 | 33.0 | +16.8% | |
| Operating income | (4.3) | (1.0) | 1.3 | 4.6 | 19.1 | 21.6 | +13.5% | |
| Interest expense | 9.2 | 2.4 | 6.4 | 22.4 | 31.3 | 2.0 | −93.5% | |
| Interest income | 11.2 | 13.3 | 25.4 | 60.0 | 76.8 | 90.7 | +18.1% | |
| Other income / expense | (9.3) | (2.8) | (2.2) | (11.9) | (2.3) | (2.0) | +12.5% | |
| Pre-tax income | (13.6) | (3.7) | 1.3 | 4.6 | 19.1 | 19.6 | +3.0% | |
| Income tax | 0.0 | (0.1) | (8.5) | 1.4 | 5.1 | 4.5 | −11.3% | |
| Net income | (13.6) | (3.7) | 9.8 | 3.2 | 14.0 | 15.2 | +8.1% | |
| 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) | (0.13) | (0.02) | 0.06 | 0.02 | 0.08 | 0.09 | +14.1% | |
| EPS, diluted (per share) | (0.13) | (0.02) | 0.06 | 0.02 | 0.07 | 0.08 | +13.9% | |
| EBITDA | (3.7) | (0.4) | 4.2 | 5.4 | 20.0 | 22.9 | +14.5% | |
| Depreciation & amortization | 0.5 | 0.6 | 0.7 | 0.9 | 0.9 | 1.2 | +32.2% | |
| Weighted average shares (shares) | 103,678,643 | 168,808,800 | 176,405,916 | 179,369,000 | 189,472,972 | 169,876,000 | −10.3% | |
| Weighted average diluted shares (shares) | 103,678,643 | 168,808,800 | 176,405,916 | 187,494,000 | 189,038,000 | 179,790,000 | −4.9% | |
| Gross margin | 94.9% | 95.8% | 73.4% | 44.8% | 60.7% | 59.4% | −1.3 pts | |
| Operating margin | −41.4% | −7.0% | 4.9% | 7.6% | 24.4% | 23.5% | −0.9 pts | |
| Net margin | −132.3% | −27.1% | 36.8% | 5.2% | 18.0% | 16.5% | −1.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
