| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | (16.4) | 13.0 | 24.9 | 21.0 | 24.2 | 13.5 | −44.3% | |
| Cost of revenue | 0.6 | 1.5 | 0.7 | 1.5 | 1.5 | 0.8 | −50.0% | |
| Gross profit | (17.0) | 12.4 | 24.2 | 21.0 | 24.2 | 12.7 | −47.4% | |
| Research & development | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.5 | 0.5 | 3.4 | 2.2 | 0.7 | −68.1% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.2 | 1.1 | 1.1 | 1.5 | 2.2 | 0.7 | −67.4% | |
| Operating income | (17.6) | 28.4 | (27.7) | 17.6 | 22.0 | 12.0 | −45.4% | |
| Interest expense | 1.5 | 1.5 | 1.5 | 1.5 | 1.5 | 0.8 | −50.0% | |
| Interest income | 0.1 | 6.1 | 0.0 | 0.0 | 0.5 | 0.2 | −53.9% | |
| Other income / expense | 0.0 | (1.5) | (1.5) | (1.3) | 5.5 | (0.8) | −113.9% | |
| Pre-tax income | (17.6) | 26.9 | (29.2) | 16.3 | 27.5 | 12.0 | −56.3% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | +30.4% | |
| Net income | (17.6) | 26.9 | (29.2) | 16.3 | 27.5 | 12.0 | −56.5% | |
| 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) | (0.33) | 0.51 | (0.55) | 0.31 | 0.52 | 0.23 | −55.8% | |
| EPS, diluted (per share) | (0.33) | 0.51 | (0.55) | 0.31 | 0.52 | 0.23 | −55.8% | |
| EBITDA | (16.1) | 28.5 | (27.6) | 17.7 | 22.0 | 12.0 | −45.4% | |
| Depreciation & amortization | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | −100.0% | |
| Weighted average shares (shares) | 53,027,870 | 53,013,842 | 52,998,795 | 52,998,795 | 52,998,895 | 52,999,000 | +0.0% | |
| Weighted average diluted shares (shares) | 53,027,870 | 53,013,842 | 53,027,870 | 52,998,795 | 52,998,795 | 52,998,795 | +0.0% | |
| Gross margin | 103.6% | 95.4% | 97.2% | 100.0% | 100.0% | 94.4% | −5.6 pts | |
| Operating margin | 107.1% | 218.9% | −111.3% | 83.6% | 91.0% | 89.2% | −1.8 pts | |
| Net margin | 107.1% | 207.0% | −117.5% | 77.3% | 113.5% | 88.7% | −24.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
