| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.7 | 14.1 | 12.7 | (0.1) | (2.6) | 0.2 | +109.0% | |
| Cost of revenue | 0.5 | 0.7 | 3.8 | 0.5 | 0.0 | 0.8 | — | |
| Gross profit | 0.2 | 14.7 | 16.5 | (0.7) | (2.6) | (0.6) | +76.7% | |
| Research & development | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.5 | 1.2 | 0.6 | 0.5 | 0.5 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.5 | 0.6 | 0.5 | 0.5 | 0.0 | −100.0% | |
| Operating expenses | 0.9 | 1.2 | 4.4 | 0.5 | 0.5 | (0.3) | −153.1% | |
| Operating income | (0.8) | 13.6 | 12.1 | (1.1) | (3.1) | (0.4) | +88.6% | |
| Interest expense | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.4 | 0.4 | 0.4 | 0.1 | 0.3 | 0.2 | −23.6% | |
| Other income / expense | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | (0.8) | 13.6 | 12.1 | (1.1) | (3.1) | (0.4) | +88.6% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | (0.8) | 13.6 | 12.1 | (1.1) | (3.1) | (0.4) | +88.6% | |
| 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) | 0.28 | 0.22 | (0.02) | (0.09) | (0.01) | +91.1% | |
| EPS, diluted (per share) | (0.02) | 0.28 | 0.22 | (0.02) | (0.09) | (0.01) | +91.1% | |
| EBITDA | (0.8) | 13.6 | 12.1 | (1.1) | (3.1) | (0.4) | +88.6% | |
| Depreciation & amortization | 0.8 | 0.0 | 0.0 | 1.1 | 3.1 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 39,246,000 | 48,417,000 | 54,060,000 | 60,798,000 | 35,347,043 | 45,270,861 | +28.1% | |
| Weighted average diluted shares (shares) | 39,246,000 | 48,417,000 | 54,060,000 | 60,798,000 | 35,347,041 | 45,270,861 | +28.1% | |
| Gross margin | 0.9% | 104.9% | 130.2% | 471.7% | 100.0% | −259.2% | −359.2 pts | |
| Operating margin | −4.3% | 96.7% | 95.6% | 788.3% | 118.4% | −150.2% | −268.7 pts | |
| Net margin | −4.7% | 96.7% | 95.6% | 788.3% | 118.4% | −150.2% | −268.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
