| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 | 1.5 | 1.9 | 2.0 | 2.2 | 2.6 | +14.9% | |
| Cost of revenue | 0.7 | 0.8 | 1.0 | 1.0 | 1.1 | 1.3 | +16.2% | |
| Gross profit | 0.6 | 0.7 | 0.9 | 1.0 | 1.1 | 1.3 | +13.5% | |
| Research & development | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +15.1% | |
| Selling, general & administrative | 0.4 | 0.5 | 0.6 | 0.6 | 0.7 | 0.8 | +5.1% | |
| Selling & marketing | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | +3.1% | |
| Operating expenses | 0.4 | 0.4 | 0.6 | 0.6 | 0.7 | 0.8 | +5.1% | |
| Operating income | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | 0.5 | +28.4% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +8.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +18.4% | |
| Other income / expense | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | −39.3% | |
| Pre-tax income | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.5 | +27.7% | |
| Income tax | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +34.7% | |
| Net income | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.4 | +25.6% | |
| 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) | 0.54 | 0.65 | 0.62 | 0.71 | 0.79 | 0.99 | +25.3% | |
| EPS, diluted (per share) | 0.54 | 0.64 | 0.62 | 0.71 | 0.78 | 0.98 | +25.6% | |
| EBITDA | 0.4 | 0.4 | 0.4 | 0.5 | 0.5 | 0.7 | +22.2% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +8.9% | |
| Weighted average shares (shares) | 379,157,495 | 378,700,000 | 378,000,000 | 378,804,960 | 377,600,000 | 377,700,000 | +0.0% | |
| Weighted average diluted shares (shares) | 379,157,495 | 379,400,000 | 379,100,000 | 378,700,000 | 379,200,000 | 379,200,000 | +0.0% | |
| Gross margin | 46.5% | 47.5% | 47.4% | 49.7% | 50.4% | 49.8% | −0.6 pts | |
| Operating margin | 19.1% | 18.7% | 17.4% | 18.1% | 18.2% | 20.4% | +2.1 pts | |
| Net margin | 15.4% | 16.0% | 12.7% | 13.2% | 13.2% | 14.4% | +1.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
