| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6.7 | 41.0 | 13.4 | 22.8 | 20.8 | 23.1 | +10.7% | |
| Cost of revenue | 2.7 | 3.4 | 3.5 | 5.5 | 6.2 | 6.0 | −3.4% | |
| Gross profit | 4.0 | 44.4 | 16.9 | 22.8 | 20.8 | 17.1 | −18.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 3.3 | 4.0 | 4.2 | 6.3 | 6.9 | 0.7 | −90.6% | |
| Selling & marketing | 0.6 | 0.6 | 0.7 | 0.8 | 0.7 | 0.0 | −100.0% | |
| Operating expenses | 0.6 | 4.0 | 4.2 | 6.3 | 0.7 | 17.3 | +2357.3% | |
| Operating income | 3.4 | 40.4 | 12.7 | 16.5 | 20.1 | (0.2) | −101.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.4 | 0.5 | 1.4 | 3.6 | 4.1 | 6.0 | +47.0% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.3 | — | |
| Pre-tax income | 3.4 | 40.4 | 12.7 | 16.5 | 20.1 | 0.0 | −99.9% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 3.4 | 40.4 | 12.7 | 16.5 | 20.1 | 0.0 | −99.9% | |
| 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) | 0.02 | 0.20 | 0.06 | 0.07 | 0.07 | 0.00 | −99.9% | |
| EPS, diluted (per share) | 0.02 | 0.20 | 0.06 | 0.07 | 0.07 | 0.00 | −99.9% | |
| EBITDA | 3.4 | 40.4 | 12.7 | 16.5 | 20.1 | 0.0 | −99.9% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 199,175,000 | 204,937,000 | 218,519,000 | 240,045,000 | 271,271,000 | 299,513,568 | +10.4% | |
| Weighted average diluted shares (shares) | 199,165,000 | 204,937,000 | 218,519,000 | 240,045,000 | 271,271,000 | 299,513,568 | +10.4% | |
| Gross margin | 59.3% | 108.3% | 126.1% | 100.0% | 100.0% | 74.0% | −26.0 pts | |
| Operating margin | 50.6% | 98.6% | 94.9% | 72.3% | 96.6% | −1.1% | −97.7 pts | |
| Net margin | 50.6% | 98.6% | 94.9% | 72.3% | 96.6% | 0.1% | −96.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
