| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.9 | 23.0 | (18.5) | 29.3 | 126.4 | 107.7 | −14.8% | |
| Cost of revenue | 1.5 | 2.1 | 1.0 | 0.6 | 3.0 | 2.6 | −15.3% | |
| Gross profit | 23.4 | 20.9 | (58.0) | 28.7 | 126.4 | 107.7 | −14.8% | |
| Research & development | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.7 | 1.5 | 0.5 | 0.6 | 2.4 | +334.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | (0.9) | 0.0 | +100.0% | |
| Operating expenses | 0.8 | 2.0 | 0.6 | 0.5 | 0.6 | 2.4 | +334.6% | |
| Operating income | 24.1 | 23.5 | (60.1) | 30.9 | 124.9 | 105.2 | −15.8% | |
| Interest expense | 1.6 | 1.2 | 1.0 | 2.0 | 3.0 | 3.1 | +2.3% | |
| Interest income | 0.3 | 1.1 | 0.5 | 1.8 | 1.4 | 1.3 | −7.6% | |
| Other income / expense | 0.0 | (1.2) | (1.0) | (2.0) | (3.6) | (3.7) | −3.9% | |
| Pre-tax income | 24.1 | 22.3 | (61.1) | 28.8 | 121.3 | 101.5 | −16.4% | |
| Income tax | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | −24.3% | |
| Net income | 24.0 | 22.2 | (61.2) | 28.8 | 121.2 | 101.4 | −16.3% | |
| 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) | 0.75 | 0.57 | (1.52) | 0.71 | 3.01 | 2.56 | −15.0% | |
| EPS, diluted (per share) | 0.75 | 0.57 | (1.52) | 0.71 | 3.01 | 2.56 | −15.0% | |
| EBITDA | 25.7 | 23.5 | (60.1) | 30.9 | 124.3 | 104.6 | −15.9% | |
| Depreciation & amortization | 0.0 | 0.0 | 60.1 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 32,160,449 | 38,917,758 | 40,338,477 | 40,242,768 | 40,193,018 | 39,632,062 | −1.4% | |
| Weighted average diluted shares (shares) | 32,160,449 | 38,917,758 | 40,338,477 | 40,242,768 | 40,193,018 | 39,632,062 | −1.4% | |
| Gross margin | 93.8% | 91.1% | 313.5% | 98.0% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 96.6% | 102.3% | 324.9% | 105.3% | 98.8% | 97.7% | −1.1 pts | |
| Net margin | 96.4% | 96.7% | 330.6% | 98.0% | 95.9% | 94.2% | −1.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
