| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.7 | 2.9 | 3.8 | 4.8 | 1.0 | 4.7 | +365.3% | |
| Cost of revenue | 1.1 | 1.0 | 2.1 | 2.8 | 2.8 | 2.5 | −9.4% | |
| Gross profit | 1.6 | 1.9 | 2.3 | 2.0 | 1.0 | 2.2 | +115.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | +16.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −67.8% | |
| Operating expenses | 1.3 | 1.2 | 1.3 | 0.0 | 1.3 | 0.0 | −96.2% | |
| Operating income | 0.4 | 0.6 | 0.7 | 0.8 | 1.0 | 1.0 | −5.2% | |
| Interest expense | 1.1 | 1.0 | 2.1 | 2.8 | 2.8 | 2.5 | −9.4% | |
| Interest income | 1.9 | 2.0 | 3.4 | 4.1 | 4.2 | 3.9 | −6.8% | |
| Other income / expense | (0.0) | 0.1 | 0.2 | 0.0 | (0.6) | 0.0 | +100.0% | |
| Pre-tax income | 0.3 | 0.7 | 0.9 | 0.8 | 0.4 | 0.9 | +122.2% | |
| Income tax | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | −1.0% | |
| Net income | 0.3 | 0.5 | 0.8 | 0.9 | 0.3 | 0.3 | +2.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.1 | 0.3 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | (0.0) | (0.0) | (0.0) | (0.1) | 0.0 | +100.0% | |
| EPS, basic (per share) | 0.25 | 0.52 | 0.86 | 1.05 | 0.39 | 0.77 | +97.4% | |
| EPS, diluted (per share) | 0.25 | 0.50 | 0.83 | 1.01 | 0.39 | 0.77 | +97.4% | |
| EBITDA | 0.4 | 0.6 | 0.8 | 0.9 | 0.9 | 0.9 | +3.9% | |
| Depreciation & amortization | 0.1 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | −11.3% | |
| Weighted average shares (shares) | 948,286,000 | 948,286,000 | 948,286,000 | 848,807,000 | 844,208,000 | 852,737,963 | +1.0% | |
| Weighted average diluted shares (shares) | 983,921,000 | 983,921,000 | 983,921,000 | 884,286,000 | 844,208,000 | 852,737,963 | +1.0% | |
| Gross margin | 58.3% | 65.5% | 59.2% | 41.7% | 100.0% | 46.3% | −53.7 pts | |
| Operating margin | 13.3% | 21.1% | 18.5% | 16.5% | 100.0% | 20.4% | −79.6 pts | |
| Net margin | 9.8% | 16.3% | 20.1% | 19.7% | 32.6% | 7.2% | −25.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
