| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20.6 | 36.9 | 48.5 | 56.0 | 62.7 | 46.8 | −25.4% | |
| Cost of revenue | 0.7 | 1.0 | 44.5 | 45.6 | 53.4 | 52.9 | −0.9% | |
| Gross profit | 19.9 | 35.9 | 4.0 | 10.4 | 62.7 | (6.1) | −109.8% | |
| Research & development | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | (5.8) | — | |
| Selling, general & administrative | 11.0 | 17.9 | 23.5 | 24.2 | 26.1 | 19.4 | −25.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 28.4 | 35.6 | 42.3 | 45.9 | 49.9 | (5.8) | −111.6% | |
| Operating income | (10.4) | 0.6 | 6.0 | 10.1 | 12.9 | (0.3) | −102.7% | |
| Interest expense | 0.4 | 0.2 | 0.1 | 0.2 | 1.1 | 1.2 | +8.1% | |
| Interest income | 0.0 | 0.0 | 0.1 | 1.2 | 1.8 | 0.9 | −50.2% | |
| Other income / expense | (0.7) | (0.3) | (6.4) | 1.0 | 0.4 | (1.3) | −394.2% | |
| Pre-tax income | (11.2) | 0.3 | (0.4) | 11.1 | 13.3 | (1.6) | −112.2% | |
| Income tax | (0.4) | 0.4 | 0.4 | (5.0) | 2.6 | 4.4 | +65.7% | |
| Net income | (10.8) | (0.1) | (0.8) | 16.1 | 10.7 | (6.0) | −156.3% | |
| 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) | (0.00) | (0.00) | 0.02 | 0.02 | (0.01) | −155.4% | |
| EPS, diluted (per share) | (0.02) | (0.00) | (0.00) | 0.02 | 0.02 | (0.01) | −156.1% | |
| EBITDA | (8.6) | 3.1 | 2.7 | 14.0 | 17.8 | 4.3 | −75.8% | |
| Depreciation & amortization | 2.1 | 2.6 | 2.9 | 2.7 | 3.6 | 4.7 | +30.9% | |
| Weighted average shares (shares) | 599,920,207 | 670,187,313 | 670,943,918 | 677,444,133 | 680,371,877 | 685,688,650 | +0.8% | |
| Weighted average diluted shares (shares) | 599,920,207 | 670,187,313 | 670,943,918 | 685,847,315 | 688,254,976 | 685,688,650 | −0.4% | |
| Gross margin | 96.5% | 97.4% | 8.3% | 18.6% | 100.0% | −13.1% | −113.1 pts | |
| Operating margin | −50.7% | 1.6% | 12.4% | 18.0% | 20.5% | −0.7% | −21.2 pts | |
| Net margin | −52.4% | −0.2% | −1.6% | 28.8% | 17.0% | −12.8% | −29.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
