| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7 | 2.9 | 2.3 | 1.9 | 2.0 | 4.7 | +136.9% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 2.7 | — | |
| Gross profit | 1.6 | 1.9 | 1.8 | 1.9 | 2.0 | 2.1 | +3.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.2 | 1.2 | 1.3 | 1.2 | 1.3 | 1.3 | +0.0% | |
| Operating income | 0.3 | 0.7 | 1.8 | 1.9 | 2.0 | 0.9 | −54.8% | |
| Interest expense | 1.1 | 1.0 | 2.1 | 2.8 | 0.0 | 2.5 | — | |
| Interest income | 1.9 | 2.0 | 3.4 | 4.1 | 0.0 | 4.0 | — | |
| Other income / expense | 0.0 | 0.1 | 0.2 | (1.1) | (1.1) | 0.0 | +100.0% | |
| Pre-tax income | 0.3 | 0.7 | 1.0 | 0.8 | 0.9 | 0.9 | +4.5% | |
| Income tax | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | +3.9% | |
| Net income | 0.3 | 0.5 | 0.8 | 0.9 | 0.7 | 0.7 | +4.7% | |
| Discontinued operations | 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.1 | +1632.4% | |
| EPS, basic (per share) | 0.25 | 0.52 | 0.86 | 0.71 | 0.73 | 0.77 | +5.5% | |
| EPS, diluted (per share) | 0.25 | 0.50 | 0.83 | 0.68 | 0.70 | 0.75 | +7.1% | |
| EBITDA | 0.4 | 0.7 | 0.9 | 0.8 | 0.9 | 0.8 | −5.8% | |
| Depreciation & amortization | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.0 | +0.9% | |
| Weighted average shares (shares) | 929,095,000 | 917,452,000 | 891,940,000 | 848,807,000 | 855,460,000 | 850,306,638 | −0.6% | |
| Weighted average diluted shares (shares) | 939,984,000 | 948,749,000 | 927,306,000 | 884,286,000 | 886,105,000 | 873,809,000 | −1.4% | |
| Gross margin | 58.3% | 64.5% | 80.0% | 100.0% | 100.0% | 43.6% | −56.4 pts | |
| Operating margin | 12.1% | 23.9% | 78.6% | 98.2% | 100.0% | 19.1% | −80.9 pts | |
| Net margin | 9.8% | 17.7% | 35.8% | 49.2% | 34.8% | 15.4% | −19.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
