| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.3 | 218.4 | 155.1 | 151.8 | 147.6 | 369.1 | +150.1% | |
| Cost of revenue | 7.7 | 7.7 | 7.3 | 7.5 | 7.8 | 7.9 | +1.7% | |
| Gross profit | 11.6 | 210.7 | 147.8 | 151.8 | 139.8 | 361.2 | +158.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.0 | 1.7 | 1.7 | 8.7 | 1.8 | 1.7 | −5.8% | |
| Selling & marketing | 0.4 | 0.4 | 0.4 | 0.4 | 0.4 | 0.3 | −18.8% | |
| Operating expenses | 8.8 | 8.7 | 1.7 | 8.7 | 8.9 | 1.1 | −87.6% | |
| Operating income | 10.5 | 209.7 | 146.8 | 143.1 | 138.7 | 360.1 | +159.7% | |
| Interest expense | 4.0 | 4.1 | 4.7 | 4.1 | 3.1 | 2.8 | −8.5% | |
| Interest income | 15.9 | 12.0 | 11.5 | 9.1 | 8.4 | 96.3 | +1052.7% | |
| Other income / expense | (7.7) | (4.8) | (4.6) | (4.5) | (4.4) | (3.0) | +31.4% | |
| Pre-tax income | 2.7 | 204.9 | 142.1 | 138.6 | 134.3 | 357.1 | +165.9% | |
| Income tax | 2.5 | 6.8 | 7.4 | 6.8 | 7.6 | 8.5 | +12.7% | |
| Net income | 0.3 | 198.1 | 134.7 | 131.8 | 126.7 | 348.6 | +175.1% | |
| 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) | 0.00 | 0.31 | 0.22 | 0.21 | 0.21 | 0.59 | +181.0% | |
| EPS, diluted (per share) | 0.00 | 0.31 | 0.22 | 0.21 | 0.21 | 0.59 | +181.0% | |
| EBITDA | 10.5 | 209.7 | 146.7 | 143.1 | 138.7 | 359.9 | +159.6% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | (138.7) | 0.0 | +100.0% | |
| Weighted average shares (shares) | 645,800,535 | 639,855,255 | 626,115,499 | 624,513,971 | 613,268,463 | 593,153,296 | −3.3% | |
| Weighted average diluted shares (shares) | 645,800,535 | 639,855,255 | 626,111,950 | 624,513,971 | 613,268,463 | 593,117,000 | −3.3% | |
| Gross margin | 60.2% | 96.5% | 95.3% | 100.0% | 94.7% | 97.9% | +3.1 pts | |
| Operating margin | 54.3% | 96.0% | 94.6% | 94.3% | 94.0% | 97.6% | +3.6 pts | |
| Net margin | 1.3% | 90.7% | 86.8% | 86.8% | 85.9% | 94.4% | +8.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
