| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 661.3 | 548.7 | 645.5 | 767.8 | 655.9 | 737.5 | +12.4% | |
| Cost of revenue | 247.6 | 56.2 | 106.7 | 169.4 | 71.7 | 28.8 | −59.8% | |
| Gross profit | 413.7 | 438.5 | 538.8 | 598.4 | 655.9 | 708.7 | +8.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 278.8 | 259.4 | 271.8 | 308.9 | 308.1 | 312.9 | +1.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 278.8 | 259.4 | 271.8 | 308.9 | 443.2 | 548.8 | +23.8% | |
| Operating income | 134.9 | 122.1 | 145.5 | 289.5 | 212.7 | 159.9 | −24.8% | |
| Interest expense | 55.0 | 54.0 | 68.1 | 76.9 | 71.7 | 73.3 | +2.2% | |
| Interest income | 0.0 | 548.7 | 645.5 | 767.8 | 727.6 | 2.0 | −99.7% | |
| Other income / expense | (175.6) | (54.4) | (68.0) | (205.6) | (139.4) | (74.6) | +46.5% | |
| Pre-tax income | (40.7) | 67.7 | 77.4 | 83.9 | 73.3 | 85.3 | +16.4% | |
| Income tax | 23.5 | 25.8 | 20.6 | 35.9 | 12.4 | 31.1 | +150.8% | |
| Net income | (64.2) | 41.9 | 56.8 | 48.0 | 60.9 | 54.2 | −11.0% | |
| 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) | (0.29) | 0.19 | 0.26 | 0.21 | 0.27 | 0.25 | −7.4% | |
| EPS, diluted (per share) | (0.29) | 0.18 | 0.24 | 0.20 | 0.26 | 0.24 | −7.7% | |
| EBITDA | 33.4 | 150.8 | 172.7 | 190.1 | 102.6 | 187.4 | +82.7% | |
| Depreciation & amortization | 7.2 | 28.7 | 27.3 | 29.3 | 29.3 | 28.8 | −1.7% | |
| Weighted average shares (shares) | 222,400,000 | 223,200,000 | 222,200,000 | 223,700,000 | 222,800,000 | 218,300,000 | −2.0% | |
| Weighted average diluted shares (shares) | 222,400,000 | 235,300,000 | 234,000,000 | 237,500,000 | 235,300,000 | 229,900,000 | −2.3% | |
| Gross margin | 62.6% | 79.9% | 83.5% | 77.9% | 100.0% | 96.1% | −3.9 pts | |
| Operating margin | 20.4% | 22.3% | 22.5% | 37.7% | 32.4% | 21.7% | −10.7 pts | |
| Net margin | −9.7% | 7.6% | 8.8% | 6.3% | 9.3% | 7.3% | −1.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
