| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 300.6 | 392.8 | 483.6 | 615.7 | 962.8 | 862.6 | −10.4% | |
| Cost of revenue | 0.0 | 110.4 | 159.6 | 443.8 | 557.5 | 279.4 | −49.9% | |
| Gross profit | 300.6 | 392.8 | 483.6 | 615.7 | 405.3 | 583.2 | +43.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 117.2 | 120.2 | 115.2 | 120.3 | 223.7 | 198.7 | −11.2% | |
| Selling & marketing | 6.4 | 4.7 | 5.0 | 7.7 | 9.4 | 6.7 | −28.7% | |
| Operating expenses | 117.2 | 120.2 | 115.2 | 120.3 | 617.4 | 496.0 | −19.7% | |
| Operating income | (289.3) | 272.6 | 368.4 | 495.4 | 278.6 | 87.2 | −68.7% | |
| Interest expense | 176.6 | 110.4 | 159.6 | 443.8 | 557.5 | 265.1 | −52.4% | |
| Interest income | 426.3 | 405.7 | 563.7 | 855.7 | 935.4 | 725.4 | −22.5% | |
| Other income / expense | (22.1) | (517.7) | (439.1) | (464.9) | (490.7) | 0.0 | +100.0% | |
| Pre-tax income | (311.4) | (245.1) | (70.7) | 30.5 | (212.1) | 87.2 | +141.1% | |
| Income tax | (9.7) | 3.1 | 2.0 | 1.0 | (254.6) | 17.5 | +106.9% | |
| Net income | (301.7) | (248.2) | (72.7) | 29.5 | 42.5 | 69.7 | +64.0% | |
| 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) | (1.75) | (1.44) | (0.42) | 0.14 | 0.06 | 0.08 | +23.1% | |
| EPS, diluted (per share) | (1.75) | (1.44) | (0.42) | 0.13 | 0.06 | 0.08 | +22.2% | |
| EBITDA | 257.4 | 352.6 | 445.4 | 573.1 | (135.1) | 148.9 | +210.2% | |
| Depreciation & amortization | 74.0 | 80.0 | 77.0 | 77.7 | 77.0 | 61.7 | −19.9% | |
| Weighted average shares (shares) | 172,400,000 | 172,361,111 | 172,274,881 | 214,297,000 | 674,603,174 | 673,151,000 | −0.2% | |
| Weighted average diluted shares (shares) | 172,420,000 | 172,421,000 | 172,464,000 | 220,756,000 | 675,250,000 | 681,130,000 | +0.9% | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 42.1% | 67.6% | +25.5 pts | |
| Operating margin | −96.2% | 69.4% | 76.2% | 80.5% | 28.9% | 10.1% | −18.8 pts | |
| Net margin | −100.4% | −63.2% | −15.0% | 4.8% | 4.4% | 8.1% | +3.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
