| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.5 | 4.7 | 5.6 | 5.5 | 4.9 | 5.3 | +8.1% | |
| Cost of revenue | 2.0 | 2.7 | 3.2 | 3.1 | 2.6 | 2.7 | +4.0% | |
| Gross profit | 1.5 | 2.0 | 2.4 | 2.4 | 2.3 | 2.6 | +12.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.3 | 1.6 | 2.0 | 1.9 | 1.8 | 2.2 | +24.3% | |
| Selling & marketing | (0.0) | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.3 | 1.6 | 2.0 | 1.9 | 1.7 | 2.2 | +27.0% | |
| Operating income | 0.2 | 0.5 | 0.3 | 0.5 | 0.6 | 0.4 | −31.9% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | +27.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Other income / expense | 0.1 | 0.0 | 0.1 | (0.0) | (0.2) | 0.1 | +183.6% | |
| Pre-tax income | (0.0) | 0.3 | 0.6 | 0.5 | 0.4 | 0.5 | +39.1% | |
| Income tax | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.2 | +98.5% | |
| Net income | (0.1) | 0.2 | 0.5 | 0.4 | 0.3 | 0.4 | +28.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.18) | 0.53 | 1.00 | 0.91 | 0.67 | 0.87 | +29.9% | |
| EPS, diluted (per share) | (0.18) | 0.53 | 1.00 | 0.88 | 0.67 | 0.87 | +29.9% | |
| EBITDA | 0.3 | 0.6 | 1.0 | 0.9 | 0.8 | 0.4 | −51.3% | |
| Depreciation & amortization | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 471,975,282 | 471,975,282 | 459,911,330 | 438,504,703 | 432,929,122 | 432,499,241 | −0.1% | |
| Weighted average diluted shares (shares) | 471,975,282 | 471,975,282 | 459,911,330 | 438,505,000 | 432,929,122 | 432,499,241 | −0.1% | |
| Gross margin | 42.1% | 43.4% | 42.7% | 43.3% | 46.8% | 48.8% | +2.0 pts | |
| Operating margin | 5.7% | 9.6% | 6.1% | 9.4% | 11.3% | 7.1% | −4.2 pts | |
| Net margin | −2.4% | 5.3% | 8.8% | 6.9% | 5.9% | 7.0% | +1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
