| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.8 | 1.7 | 1.9 | 2.0 | 2.1 | 2.2 | +5.2% | |
| Cost of revenue | 0.8 | 1.6 | 1.8 | 1.8 | 2.0 | 2.1 | +3.7% | |
| Gross profit | (0.1) | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | +26.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Selling, general & administrative | 0.2 | 0.0 | 0.1 | 0.0 | 0.0 | — | — | |
| Selling & marketing | 0.2 | 0.0 | (0.0) | 0.0 | 0.0 | — | — | |
| Operating expenses | 0.2 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | +0.9% | |
| Operating income | (0.3) | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −15.2% | |
| Interest expense | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | −6.4% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −25.9% | |
| Other income / expense | (0.1) | (0.0) | (0.0) | (0.1) | (0.1) | — | — | |
| Pre-tax income | (0.2) | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | −13.0% | |
| Income tax | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −19.4% | |
| Net income | (0.2) | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | −11.0% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | (1.44) | 0.15 | 0.48 | 0.41 | 0.60 | 0.60 | −0.7% | |
| EPS, diluted (per share) | (1.44) | 0.15 | 0.46 | 0.39 | 0.57 | 0.56 | −2.1% | |
| EBITDA | (0.0) | 0.2 | 0.3 | 0.2 | 0.2 | 0.2 | +11.8% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +64.8% | |
| Weighted average shares (shares) | 122,827,248 | 126,825,345 | 125,453,877 | 120,335,698 | 119,702,464 | 101,577,881 | −15.1% | |
| Weighted average diluted shares (shares) | 122,827,248 | 126,825,345 | 128,264,108 | 125,029,312 | 119,702,464 | 108,332,138 | −9.5% | |
| Gross margin | −9.3% | 5.8% | 8.3% | 11.7% | 6.7% | 8.0% | +1.3 pts | |
| Operating margin | −40.4% | 2.9% | 5.5% | 7.0% | 6.7% | 5.4% | −1.3 pts | |
| Net margin | −22.9% | 1.1% | 3.1% | 2.4% | 3.2% | 2.7% | −0.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
