| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 504.7 | 616.1 | 378.7 | 405.6 | 402.5 | 479.2 | +19.1% | |
| Cost of revenue | 60.0 | 75.4 | 73.0 | 62.6 | 158.0 | 52.9 | −66.5% | |
| Gross profit | 444.7 | 540.7 | 305.7 | 343.0 | 244.5 | 426.3 | +74.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 265.1 | 338.9 | 301.5 | 262.4 | 104.5 | 91.9 | −12.1% | |
| Selling & marketing | 0.1 | 0.5 | 0.4 | 0.2 | 0.0 | 0.0 | — | |
| Operating expenses | 247.1 | 329.5 | 237.2 | 282.8 | 158.1 | 294.6 | +86.3% | |
| Operating income | 197.6 | 211.2 | 68.5 | 86.0 | 86.4 | 131.7 | +52.4% | |
| Interest expense | 5.1 | 6.8 | 6.3 | 6.0 | 5.9 | 3.4 | −42.4% | |
| Interest income | 0.0 | 0.2 | 0.3 | 5.8 | 8.0 | 8.2 | +2.5% | |
| Other income / expense | (5.1) | (6.8) | (6.3) | (76.6) | 1.9 | 0.2 | −89.5% | |
| Pre-tax income | 132.6 | 183.7 | 58.0 | 9.4 | 88.3 | 131.9 | +49.4% | |
| Income tax | 27.3 | 34.1 | 10.1 | 22.3 | 23.1 | 31.5 | +36.4% | |
| Net income | 105.3 | 149.6 | 47.9 | (12.9) | 65.2 | 100.4 | +54.0% | |
| 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) | 0.21 | 0.28 | 0.09 | (0.02) | 0.12 | 0.19 | +58.3% | |
| EPS, diluted (per share) | 0.21 | 0.27 | 0.09 | (0.02) | 0.12 | 0.18 | +50.0% | |
| EBITDA | 214.9 | 237.4 | 95.3 | 41.2 | 110.6 | 144.4 | +30.6% | |
| Depreciation & amortization | 17.3 | 26.2 | 26.8 | 25.8 | 16.4 | 9.1 | −44.5% | |
| Weighted average shares (shares) | 494,900,000 | 542,500,000 | 529,600,000 | 519,300,000 | 523,400,000 | 522,400,000 | −0.2% | |
| Weighted average diluted shares (shares) | 505,500,000 | 555,400,000 | 538,900,000 | 519,299,999 | 528,600,000 | 561,700,000 | +6.3% | |
| Gross margin | 88.1% | 87.8% | 80.7% | 84.6% | 60.7% | 89.0% | +28.2 pts | |
| Operating margin | 39.2% | 34.3% | 18.1% | 21.2% | 21.5% | 27.5% | +6.0 pts | |
| Net margin | 20.9% | 24.3% | 12.6% | −3.2% | 16.2% | 21.0% | +4.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
