| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (1.2) | 42.4 | 15.9 | 40.3 | 43.2 | 27.8 | −35.8% | |
| Cost of revenue | 0.1 | 0.0 | 0.1 | 0.0 | 1.9 | 1.9 | −3.1% | |
| Gross profit | (1.2) | 42.4 | 15.8 | 40.3 | 26.4 | 25.9 | −1.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.5 | 0.6 | 0.6 | 0.6 | 0.8 | 0.7 | −10.5% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −13.6% | |
| Operating expenses | 0.5 | 0.6 | 0.6 | 0.6 | 0.8 | 45.2 | +5624.7% | |
| Operating income | 10.4 | 41.8 | 3.9 | 39.7 | 25.6 | (19.3) | −175.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | — | |
| Other income / expense | (0.1) | 0.0 | 0.1 | (0.4) | (0.5) | (0.8) | −46.5% | |
| Pre-tax income | 10.4 | 41.8 | 4.0 | 39.3 | 25.1 | (20.1) | −180.2% | |
| Income tax | 0.0 | 0.2 | 0.2 | 0.7 | 1.6 | (0.5) | −128.0% | |
| Net income | 10.4 | 41.6 | 3.8 | 38.6 | 23.4 | (19.7) | −183.9% | |
| 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) | 0.09 | 0.37 | 0.04 | 0.40 | 0.27 | (0.23) | −185.2% | |
| EPS, diluted (per share) | 0.09 | 0.37 | 0.04 | 0.40 | 0.27 | (0.23) | −185.2% | |
| EBITDA | 10.4 | 41.8 | 3.9 | 39.7 | 25.6 | (20.1) | −178.6% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 112,502,173 | 112,089,729 | 97,279,178 | 96,487,421 | 86,682,493 | 84,599,708 | −2.4% | |
| Weighted average diluted shares (shares) | 112,502,173 | 112,476,020 | 97,279,178 | 96,487,421 | 86,682,493 | 84,599,708 | −2.4% | |
| Gross margin | 108.3% | 99.9% | 99.7% | 100.0% | 61.0% | 93.2% | +32.2 pts | |
| Operating margin | −906.6% | 98.6% | 24.7% | 98.5% | 59.2% | −69.6% | −128.8 pts | |
| Net margin | −900.3% | 98.1% | 23.7% | 95.8% | 54.2% | −70.8% | −125.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
