| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (0.6) | 34.1 | 21.0 | (47.2) | 43.8 | 53.5 | +22.2% | |
| Cost of revenue | 4.2 | 4.3 | 3.7 | 1.5 | 1.9 | 1.5 | −19.5% | |
| Gross profit | (4.8) | 38.5 | 18.8 | (47.2) | 43.8 | 52.0 | +18.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.9 | 0.9 | 1.0 | 0.9 | 1.0 | 1.2 | +16.8% | |
| Selling & marketing | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | 0.3 | +42.3% | |
| Operating expenses | 4.9 | 5.0 | 4.5 | 4.0 | 1.1 | 1.4 | +22.8% | |
| Operating income | (44.8) | 33.6 | 16.6 | (51.1) | 44.6 | 50.6 | +13.5% | |
| Interest expense | 0.2 | 0.2 | 0.4 | 1.5 | 1.9 | 1.5 | −19.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.2 | 0.2 | +31.3% | |
| Other income / expense | (0.8) | (0.5) | (5.1) | (1.2) | (1.9) | (0.6) | +67.5% | |
| Pre-tax income | (45.7) | 33.2 | 11.5 | (52.4) | 42.6 | 50.6 | +18.6% | |
| Income tax | 3.1 | 3.5 | 3.6 | 3.9 | 3.3 | 5.5 | +65.4% | |
| Net income | (48.8) | 29.7 | 8.0 | (56.2) | 39.3 | 45.1 | +14.7% | |
| 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) | (0.36) | 0.20 | 0.05 | (0.35) | 0.24 | 0.26 | +8.3% | |
| EPS, diluted (per share) | (0.36) | 0.20 | 0.05 | (0.35) | 0.24 | 0.26 | +8.3% | |
| EBITDA | (0.2) | 33.7 | 16.6 | (52.4) | 44.7 | 50.6 | +13.2% | |
| Depreciation & amortization | 44.6 | 0.0 | 0.0 | 51.1 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 137,436,515 | 145,462,386 | 145,462,386 | 158,745,879 | 162,877,255 | 170,875,254 | +4.9% | |
| Weighted average diluted shares (shares) | 137,436,515 | 145,462,386 | 145,462,386 | 158,745,879 | 162,877,255 | 170,875,254 | +4.9% | |
| Gross margin | 753.1% | 113.0% | 89.7% | 100.0% | 100.0% | 97.2% | −2.8 pts | |
| Operating margin | 7,005.5% | 98.4% | 79.4% | 108.4% | 101.8% | 94.6% | −7.2 pts | |
| Net margin | 7,628.0% | 87.0% | 37.9% | 119.2% | 89.8% | 84.4% | −5.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
