| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 244.7 | 219.2 | 155.7 | 129.7 | 160.1 | 222.5 | +39.0% | |
| Cost of revenue | 22.7 | 12.3 | 4.7 | 68.2 | 68.1 | 22.5 | −67.0% | |
| Gross profit | 222.0 | 157.8 | 69.9 | 61.5 | 92.0 | 200.0 | +117.4% | |
| Research & development | 8.0 | 8.2 | 10.0 | 0.0 | 10.7 | 0.0 | −100.0% | |
| Selling, general & administrative | 46.8 | 48.1 | 36.9 | 48.4 | 54.2 | 62.0 | +14.4% | |
| Selling & marketing | 46.8 | 46.9 | 38.4 | 37.1 | 45.6 | 62.0 | +36.0% | |
| Operating expenses | 309.6 | 93.6 | 164.9 | 71.4 | 64.9 | 179.6 | +176.7% | |
| Operating income | (106.3) | 64.2 | 23.0 | 6.8 | 27.1 | 20.4 | −24.7% | |
| Interest expense | 1.4 | 1.1 | 0.9 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.4 | 0.1 | 2.3 | 0.0 | 0.0 | 74.5 | — | |
| Other income / expense | (1.8) | (0.1) | (35.9) | (16.7) | (26.3) | (0.1) | +99.6% | |
| Pre-tax income | (108.1) | 64.1 | (12.9) | (9.9) | 0.8 | 20.3 | +2437.5% | |
| Income tax | 0.2 | 2.9 | (6.0) | 5.1 | 0.5 | (25.7) | −5240.0% | |
| Net income | (108.3) | 61.2 | (6.9) | (38.3) | 8.6 | 46.0 | +434.9% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | (30.1) | 8.3 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.31) | 0.17 | (0.02) | (0.11) | 0.00 | 0.15 | +16566.7% | |
| EPS, diluted (per share) | (0.31) | 0.16 | (0.02) | (0.11) | 0.00 | 0.14 | +10669.2% | |
| EBITDA | (70.4) | 82.0 | 4.1 | (10.3) | 5.4 | 31.4 | +481.5% | |
| Depreciation & amortization | 17.2 | 13.9 | 15.2 | 16.7 | 1.2 | 11.0 | +816.7% | |
| Weighted average shares (shares) | 347,000,000 | 351,500,000 | 348,600,000 | 344,800,000 | 382,200,000 | 314,600,000 | −17.7% | |
| Weighted average diluted shares (shares) | 347,000,000 | 381,700,000 | 348,600,000 | 344,800,000 | 382,200,000 | 328,600,000 | −14.0% | |
| Gross margin | 90.7% | 72.0% | 44.9% | 47.4% | 57.5% | 89.9% | +32.4 pts | |
| Operating margin | −43.4% | 29.3% | 14.8% | 5.2% | 16.9% | 9.2% | −7.8 pts | |
| Net margin | −44.3% | 27.9% | −4.4% | −29.5% | 5.4% | 20.7% | +15.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
