| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.6 | 3.8 | 4.3 | 4.8 | 5.1 | 5.3 | +3.3% | |
| Cost of revenue | 1.8 | 1.8 | 1.9 | 2.4 | 2.0 | 2.7 | +35.5% | |
| Gross profit | 1.8 | 2.1 | 2.4 | 2.4 | 3.1 | 2.6 | −17.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | +4.4% | |
| Selling & marketing | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | −1.0% | |
| Operating expenses | 1.5 | 1.6 | 1.7 | 1.9 | 3.4 | 2.1 | −39.1% | |
| Operating income | 0.3 | 0.5 | 0.6 | 0.4 | (0.3) | 0.5 | +314.7% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.2 | 0.3 | 0.3 | −5.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −20.5% | |
| Other income / expense | (0.1) | 0.1 | (0.0) | (1.3) | (0.1) | (1.1) | −919.4% | |
| Pre-tax income | 0.2 | 0.6 | 0.3 | (0.8) | (0.4) | (0.6) | −55.8% | |
| Income tax | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | +19.4% | |
| Net income | 0.1 | 0.2 | 0.0 | (0.9) | (0.5) | (0.7) | −47.3% | |
| Discontinued operations | (0.0) | 0.1 | 0.2 | (0.1) | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | (0.2) | (0.2) | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.10 | 0.43 | 0.04 | (1.51) | (0.71) | (1.04) | −46.5% | |
| EPS, diluted (per share) | 0.10 | 0.42 | 0.04 | (1.51) | (0.71) | (1.04) | −46.5% | |
| EBITDA | 0.9 | 0.8 | 0.7 | (0.0) | 0.6 | 1.1 | +107.0% | |
| Depreciation & amortization | 0.5 | 0.4 | 0.4 | 0.6 | 0.6 | 0.6 | −3.3% | |
| Weighted average shares (shares) | 583,700,000 | 585,700,000 | 588,200,000 | 616,000,000 | 639,100,000 | 639,500,000 | +0.1% | |
| Weighted average diluted shares (shares) | 589,900,000 | 591,100,000 | 592,700,000 | 616,000,000 | 639,100,000 | 639,500,000 | +0.1% | |
| Gross margin | 49.5% | 54.0% | 54.9% | 49.3% | 61.3% | 49.2% | −12.0 pts | |
| Operating margin | 7.7% | 12.4% | 14.2% | 8.6% | −4.9% | 10.2% | +15.1 pts | |
| Net margin | 1.6% | 6.5% | 0.6% | −19.5% | −8.9% | −12.7% | −3.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
