| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.1 | 2.2 | 2.9 | 3.0 | 3.0 | 3.1 | +3.4% | |
| Cost of revenue | 0.6 | 0.7 | 1.1 | 1.8 | 2.6 | 1.8 | −30.2% | |
| Gross profit | 1.5 | 0.2 | 1.9 | 1.2 | 0.4 | 1.3 | +213.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.0 | 1.0 | 0.2 | 0.2 | 1.1 | +403.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.4 | 1.4 | 1.8 | 0.2 | 0.2 | 1.1 | +418.4% | |
| Operating income | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | +6.3% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −9.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −34.8% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | −49.1% | |
| Pre-tax income | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | +1.4% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +5.1% | |
| Net income | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | +0.3% | |
| 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) | 0.59 | 0.78 | 0.63 | 1.23 | 1.97 | 2.02 | +2.5% | |
| EPS, diluted (per share) | 0.58 | 0.77 | 0.62 | 1.21 | 1.93 | 1.99 | +3.1% | |
| EBITDA | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | +13.6% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +34.7% | |
| Weighted average shares (shares) | 72,100,000 | 72,300,000 | 72,700,000 | 72,800,000 | 72,100,000 | 70,500,000 | −2.2% | |
| Weighted average diluted shares (shares) | 72,700,000 | 73,200,000 | 73,700,000 | 74,200,000 | 73,600,000 | 71,800,000 | −2.4% | |
| Gross margin | 71.0% | 10.9% | 64.2% | 39.0% | 13.8% | 41.8% | +28.0 pts | |
| Operating margin | 3.7% | 3.4% | 2.3% | 5.2% | 6.9% | 7.1% | +0.2 pts | |
| Net margin | 2.1% | 2.5% | 1.6% | 3.0% | 4.8% | 4.6% | −0.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
