| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.0 | 23.0 | 33.6 | (107.6) | 10.8 | 25.9 | +139.8% | |
| Cost of revenue | 2.7 | 4.1 | 6.3 | (7.5) | 6.3 | 0.0 | −100.0% | |
| Gross profit | 23.4 | 85.8 | 225.4 | (100.1) | (107.1) | 25.9 | +124.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.2 | 1.4 | 2.1 | 2.4 | 2.5 | 2.6 | +1.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.6 | 5.4 | 8.3 | 10.0 | 8.7 | 2.6 | −70.4% | |
| Operating income | 18.7 | 80.4 | 217.1 | (110.1) | (115.9) | 23.3 | +120.1% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 13.1 | 22.5 | 32.9 | 45.5 | 9.9 | 0.1 | −98.8% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | 18.7 | 80.4 | 217.1 | (110.1) | (115.9) | 23.3 | +120.1% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 18.7 | 80.4 | 217.1 | (110.1) | (115.9) | 23.3 | +120.1% | |
| 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) | 0.08 | 0.21 | 0.44 | (0.20) | (0.20) | 0.04 | +120.5% | |
| EPS, diluted (per share) | 0.08 | 0.21 | 0.44 | (0.20) | (0.20) | 0.04 | +120.5% | |
| EBITDA | 18.7 | 80.4 | 217.1 | 25.8 | (115.9) | 23.3 | +120.1% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 135.9 | 145.0 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 239,953,710 | 390,386,109 | 498,777,363 | 560,318,675 | 569,064,842 | 569,082,156 | +0.0% | |
| Weighted average diluted shares (shares) | 239,953,710 | 390,386,109 | 498,777,363 | 560,318,675 | 569,064,139 | 569,064,139 | +0.0% | |
| Gross margin | 111.5% | 372.4% | 670.7% | 93.0% | −990.7% | 100.0% | +1090.7 pts | |
| Operating margin | 89.3% | 348.8% | 645.9% | 102.3% | −1,071.6% | 90.0% | +1161.6 pts | |
| Net margin | 89.2% | 348.8% | 645.9% | 102.3% | −1,071.6% | 90.0% | +1161.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
