| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.8 | 50.8 | 8.8 | 5.6 | 104.5 | 26.3 | −74.9% | |
| Cost of revenue | 1.8 | 2.2 | 0.6 | 2.0 | 2.7 | 2.7 | +1.3% | |
| Gross profit | 9.0 | 48.6 | (77.6) | 3.6 | 104.5 | 23.6 | −77.5% | |
| Research & development | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.4 | 0.6 | 0.6 | 2.2 | 0.0 | −100.0% | |
| Selling & marketing | (0.4) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.5 | 0.5 | 0.6 | 2.5 | 2.2 | 23.4 | +978.3% | |
| Operating income | 3.2 | 140.7 | (80.7) | (11.7) | 102.3 | 0.2 | −99.8% | |
| Interest expense | 0.4 | 0.3 | 0.6 | 1.1 | 2.7 | 0.0 | −100.0% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.2 | 0.3 | 0.0 | −100.0% | |
| Other income / expense | (0.3) | (0.3) | (0.6) | (1.1) | (2.7) | (3.1) | −18.0% | |
| Pre-tax income | 7.7 | 140.7 | (81.3) | (12.8) | 99.7 | (2.9) | −103.0% | |
| Income tax | 7.9 | 0.0 | 0.1 | 0.0 | 0.0 | 0.1 | — | |
| Net income | 7.6 | 140.6 | (81.4) | (12.9) | 99.7 | (3.0) | −103.0% | |
| 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) | 0.10 | 1.80 | (1.04) | (0.16) | 0.97 | (0.02) | −102.3% | |
| EPS, diluted (per share) | 0.10 | 1.80 | (1.04) | (0.16) | 0.97 | (0.02) | −102.3% | |
| EBITDA | 8.1 | 140.7 | (80.7) | (11.7) | 102.3 | 0.2 | −99.8% | |
| Depreciation & amortization | 0.0 | 0.0 | 80.7 | 11.7 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 78,102,294 | 78,051,712 | 78,051,732 | 78,051,771 | 103,151,749 | 134,449,604 | +30.3% | |
| Weighted average diluted shares (shares) | 78,102,148 | 78,051,669 | 78,051,669 | 78,051,669 | 103,151,749 | 134,449,604 | +30.3% | |
| Gross margin | 83.1% | 95.6% | −882.5% | 64.0% | 100.0% | 89.8% | −10.2 pts | |
| Operating margin | 29.4% | 276.8% | −917.2% | −208.0% | 97.9% | 0.7% | −97.2 pts | |
| Net margin | 70.5% | 276.8% | −925.3% | −229.1% | 95.4% | −11.5% | −106.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
