| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.7 | 1.6 | 2.3 | 3.2 | 3.6 | 4.0 | +13.7% | |
| Cost of revenue | 1.5 | 1.4 | 1.9 | 2.0 | 2.2 | 3.0 | +34.1% | |
| Gross profit | 0.1 | 0.2 | 0.4 | 1.2 | 1.4 | 1.1 | −19.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 0.2 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | −8.9% | |
| Selling & marketing | 0.1 | 0.1 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.2 | 0.1 | 0.2 | 0.7 | 0.8 | 0.3 | −63.8% | |
| Operating income | (0.0) | 0.0 | 0.2 | 0.5 | 0.5 | 0.8 | +46.3% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | +71.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +16.8% | |
| Other income / expense | (0.3) | 0.0 | (0.1) | (0.0) | (0.1) | (0.9) | −533.4% | |
| Pre-tax income | (1.1) | 0.1 | 0.2 | 0.5 | 0.4 | (0.1) | −115.8% | |
| Income tax | (0.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | +98.3% | |
| Net income | (1.0) | 0.1 | (0.1) | 0.4 | 0.3 | 0.0 | −96.3% | |
| Discontinued operations | 0.0 | 0.0 | (0.2) | 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) | (0.73) | 0.05 | (0.07) | 0.30 | 0.22 | 0.01 | −96.1% | |
| EPS, diluted (per share) | (0.73) | 0.05 | (0.07) | 0.30 | 0.22 | 0.01 | −96.2% | |
| EBITDA | (0.7) | 0.5 | 0.6 | 1.0 | 0.9 | 0.5 | −40.0% | |
| Depreciation & amortization | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | +11.0% | |
| Weighted average shares (shares) | 1,419,707,507 | 1,500,952,369 | 1,456,167,252 | 1,394,051,260 | 1,335,773,495 | 1,300,708,559 | −2.6% | |
| Weighted average diluted shares (shares) | 1,419,707,507 | 1,510,219,210 | 1,456,167,252 | 1,402,722,142 | 1,343,992,312 | 1,310,041,420 | −2.5% | |
| Gross margin | 7.5% | 9.8% | 17.3% | 36.6% | 38.0% | 26.9% | −11.1 pts | |
| Operating margin | −1.8% | 3.0% | 9.9% | 15.9% | 15.3% | 19.6% | +4.4 pts | |
| Net margin | −62.8% | 4.9% | −4.8% | 13.1% | 8.4% | 0.3% | −8.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
