| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.7 | 13.4 | 8.5 | (5.0) | 12.5 | 7.9 | −36.7% | |
| Cost of revenue | 0.9 | 0.9 | 1.0 | 0.9 | 0.0 | 0.8 | — | |
| Gross profit | (6.3) | 13.6 | 17.4 | (5.0) | 12.5 | 7.1 | −43.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.5 | 1.0 | 0.9 | 1.0 | 1.3 | 1.0 | −25.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.3 | 1.2 | 1.4 | 1.3 | 3.3 | 0.5 | −86.0% | |
| Operating income | (7.5) | 12.4 | 16.1 | (6.2) | 9.3 | 6.7 | −28.1% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 1.2 | 1.6 | 0.0 | 0.0 | 0.0 | 0.0 | −99.7% | |
| Other income / expense | (1.3) | (1.6) | (1.8) | (1.7) | (2.0) | (1.9) | +1.1% | |
| Pre-tax income | (8.8) | 10.8 | 14.3 | (8.0) | 9.3 | 4.8 | −48.8% | |
| Income tax | 0.0 | 10.8 | 14.3 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (8.8) | 10.8 | 14.3 | (8.0) | 9.3 | 4.8 | −48.8% | |
| 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) | (0.14) | 0.18 | 0.23 | (0.13) | 0.15 | 0.08 | −47.7% | |
| EPS, diluted (per share) | (0.14) | 0.18 | 0.23 | (0.13) | 0.15 | 0.08 | −47.7% | |
| EBITDA | 0.0 | 12.4 | 16.1 | (6.2) | 11.2 | 4.8 | −57.7% | |
| Depreciation & amortization | 7.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 61,740,143 | 61,145,198 | 61,145,198 | 61,145,198 | 61,145,385 | 60,600,754 | −0.9% | |
| Weighted average diluted shares (shares) | 61,740,143 | 61,145,198 | 61,145,198 | 61,145,198 | 61,145,198 | 60,600,754 | −0.9% | |
| Gross margin | −81.3% | 101.0% | 205.2% | 100.0% | 100.0% | 90.0% | −10.0 pts | |
| Operating margin | −97.8% | 92.0% | 189.3% | 125.3% | 74.1% | 84.2% | +10.1 pts | |
| Net margin | −114.1% | 80.2% | 167.7% | 160.4% | 74.1% | 59.9% | −14.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
