| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.8 | 2.5 | 0.8 | 2.4 | 14.2 | 18.7 | +31.1% | |
| Cost of revenue | 4.9 | 2.4 | 1.0 | 2.5 | 14.1 | 18.5 | +31.2% | |
| Gross profit | (2.0) | 0.1 | (0.2) | (0.0) | 0.1 | 0.1 | +22.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.9 | 1.9 | 1.6 | 2.8 | 4.3 | 4.7 | +9.6% | |
| Selling & marketing | (2.9) | (0.0) | (0.2) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.9 | 1.9 | 1.6 | 2.6 | 4.3 | 3.4 | −21.9% | |
| Operating income | (4.9) | (1.8) | (1.9) | (2.6) | (4.2) | (3.2) | +23.1% | |
| Interest expense | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | +1866.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.3 | 0.1 | 0.0 | −86.3% | |
| Other income / expense | 0.1 | 0.0 | (0.0) | 0.3 | 0.1 | (0.8) | −742.2% | |
| Pre-tax income | (4.8) | (1.8) | (1.9) | (2.3) | (4.0) | (4.0) | +0.4% | |
| Income tax | (0.1) | 0.0 | 0.0 | 0.0 | (0.1) | (0.1) | +41.0% | |
| Net income | (4.7) | (2.0) | (0.7) | 13.0 | (3.9) | (4.2) | −8.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 15.3 | 0.0 | (0.2) | — | |
| Other net income adjustments | 0.0 | (0.2) | 1.3 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.01) | (0.00) | (0.00) | 0.04 | (0.01) | (0.01) | +2.5% | |
| EPS, diluted (per share) | (0.01) | (0.00) | (0.00) | 0.04 | (0.01) | (0.01) | +2.5% | |
| EBITDA | (2.3) | (1.8) | (1.7) | (1.8) | (3.5) | (2.6) | +25.6% | |
| Depreciation & amortization | 2.5 | 0.0 | 0.2 | 0.5 | 0.5 | 0.6 | +13.3% | |
| Weighted average shares (shares) | 356,941,188 | 414,140,823 | 415,538,083 | 321,686,426 | 319,974,896 | 356,605,343 | +11.4% | |
| Weighted average diluted shares (shares) | 356,941,188 | 414,140,823 | 415,538,083 | 355,153,905 | 346,328,630 | 356,605,343 | +3.0% | |
| Gross margin | −70.4% | 3.8% | −29.9% | −1.9% | 0.8% | 0.8% | −0.1 pts | |
| Operating margin | −173.1% | −70.2% | −236.7% | −107.9% | −29.4% | −17.2% | +12.2 pts | |
| Net margin | −166.2% | −79.1% | −83.0% | 535.7% | −27.1% | −22.4% | +4.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
