| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39.7 | 8.1 | (41.2) | 0.4 | 0.7 | 0.4 | −49.5% | |
| Cost of revenue | 2.0 | 0.3 | 0.3 | 1.9 | 2.0 | 1.9 | −3.8% | |
| Gross profit | 37.7 | 7.8 | (41.5) | (1.5) | (1.2) | (1.5) | −22.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.7 | 1.1 | 0.7 | 0.7 | 0.7 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 39.7 | 2.1 | 2.4 | 1.9 | 1.8 | (8.9) | −597.6% | |
| Operating income | 38.6 | 5.7 | (43.5) | 0.8 | 1.2 | 7.4 | +520.2% | |
| Interest expense | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 1.0 | +201.5% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.4 | 0.7 | 0.4 | −49.5% | |
| Other income / expense | (0.3) | (0.5) | (0.3) | (1.2) | (1.1) | (1.0) | +13.5% | |
| Pre-tax income | 38.3 | 5.7 | (43.8) | (0.4) | 0.1 | 6.4 | +7782.4% | |
| Income tax | 0.0 | (0.2) | (0.2) | 0.0 | 0.0 | 0.0 | — | |
| Net income | 38.3 | 5.7 | (43.8) | (0.4) | 0.1 | 6.4 | +7782.4% | |
| 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) | 1.17 | 0.18 | (1.42) | (0.01) | 0.00 | 0.24 | +8175.9% | |
| EPS, diluted (per share) | 1.17 | 0.18 | (1.42) | (0.01) | 0.00 | 0.23 | +8418.5% | |
| EBITDA | 38.6 | 6.0 | (43.5) | (0.4) | 0.1 | 7.4 | +8960.9% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 32,782,000 | 32,066,000 | 30,921,000 | 28,469,000 | 28,069,697 | 26,561,481 | −5.4% | |
| Weighted average diluted shares (shares) | 32,782,000 | 32,066,000 | 30,921,000 | 29,833,000 | 29,735,363 | 28,383,468 | −4.5% | |
| Gross margin | 95.0% | 96.1% | 100.8% | −415.1% | −176.0% | −425.7% | −249.7 pts | |
| Operating margin | 97.2% | 70.6% | 105.7% | 213.3% | 168.0% | 2,063.1% | +1895.1 pts | |
| Net margin | 96.4% | 70.6% | 106.5% | −108.0% | 11.5% | 1,795.1% | +1783.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
