| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.4 | 4.7 | 6.3 | 5.7 | 4.7 | 4.5 | −4.4% | |
| Cost of revenue | 3.8 | 4.9 | 7.5 | 6.8 | 7.6 | 6.3 | −17.2% | |
| Gross profit | (1.4) | (0.2) | (1.2) | (1.1) | (2.8) | (1.7) | +38.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.4 | 0.8 | 0.8 | 1.1 | 1.1 | 1.2 | +14.4% | |
| Selling & marketing | 0.2 | 0.1 | 0.3 | 0.2 | 0.1 | 0.1 | −8.1% | |
| Operating expenses | 2.4 | 2.5 | 3.0 | 4.0 | 4.6 | 3.2 | −30.6% | |
| Operating income | (3.8) | (2.7) | (4.4) | (5.1) | (7.5) | (4.9) | +33.7% | |
| Interest expense | 0.0 | 0.1 | 0.1 | 0.3 | 1.6 | 2.1 | +25.4% | |
| Interest income | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.1) | (0.1) | 0.1 | (0.2) | (2.0) | (3.5) | −75.5% | |
| Pre-tax income | (3.9) | (2.8) | (4.3) | (5.3) | (9.4) | (8.4) | +10.8% | |
| Income tax | 0.0 | 0.2 | 0.3 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (3.9) | (2.8) | (4.3) | (5.3) | (9.4) | (8.6) | +8.9% | |
| 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) | (0.01) | (0.01) | (0.01) | (0.01) | (0.02) | (0.02) | +12.8% | |
| EPS, diluted (per share) | (0.01) | (0.01) | (0.01) | (0.01) | (0.02) | (0.02) | +12.8% | |
| EBITDA | (3.5) | (2.3) | (3.7) | (4.5) | (6.8) | (6.0) | +12.5% | |
| Depreciation & amortization | 0.4 | 0.5 | 0.5 | 0.5 | 1.0 | 0.4 | −54.2% | |
| Weighted average shares (shares) | 319,791,726 | 335,120,715 | 399,087,075 | 453,559,256 | 483,222,238 | 505,313,025 | +4.6% | |
| Weighted average diluted shares (shares) | 319,791,726 | 335,120,715 | 399,087,075 | 453,559,256 | 483,222,238 | 505,313,025 | +4.6% | |
| Gross margin | −59.2% | −3.4% | −19.9% | −18.4% | −59.3% | −38.0% | +21.3 pts | |
| Operating margin | −160.5% | −57.3% | −70.2% | −88.7% | −157.2% | −109.1% | +48.2 pts | |
| Net margin | −166.2% | −59.8% | −68.3% | −91.9% | −199.0% | −189.6% | +9.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
