| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51.4 | 138.7 | 60.2 | 3.6 | 1.1 | (48.9) | −4710.2% | |
| Cost of revenue | 5.2 | 5.0 | 5.8 | 0.0 | 0.0 | 0.0 | — | |
| Gross profit | 46.3 | 133.6 | 54.4 | 3.6 | 1.1 | (48.9) | −4710.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.6 | 1.4 | 1.8 | 2.0 | 2.2 | 2.4 | +10.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 11.2 | 11.1 | 11.9 | 7.4 | 11.9 | 12.1 | +1.7% | |
| Operating income | 40.2 | 127.6 | 48.3 | (8.4) | (10.9) | (61.0) | −462.3% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 12.0 | 12.8 | 12.3 | 12.4 | 12.3 | 12.3 | −0.1% | |
| Other income / expense | (9.6) | (9.6) | (9.7) | (9.7) | (9.6) | 0.0 | +100.0% | |
| Pre-tax income | 40.2 | 127.6 | 48.3 | (8.4) | (10.9) | (61.0) | −462.3% | |
| Income tax | (9.6) | (9.7) | 48.3 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 40.2 | 127.6 | 48.3 | (8.4) | (10.9) | (61.0) | −462.3% | |
| 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) | 0.07 | 0.22 | 0.08 | (0.01) | (0.02) | (0.09) | −381.7% | |
| EPS, diluted (per share) | 0.06 | 0.17 | 0.06 | (0.01) | (0.02) | (0.09) | −381.7% | |
| EBITDA | 49.9 | 137.1 | 58.0 | (8.2) | (10.7) | (60.9) | −468.3% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +0.0% | |
| Weighted average shares (shares) | 587,025,218 | 589,259,012 | 765,730,451 | 590,596,000 | 585,041,132 | 575,211,567 | −1.7% | |
| Weighted average diluted shares (shares) | 787,443,392 | 790,239,415 | 765,730,451 | 590,596,000 | 776,063,100 | 575,211,567 | −25.9% | |
| Gross margin | 90.0% | 96.4% | 90.3% | 100.0% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 78.2% | 92.0% | 80.3% | −233.4% | −1,023.1% | 124.8% | +1147.9 pts | |
| Net margin | 78.2% | 92.0% | 80.3% | −233.4% | −1,023.1% | 124.8% | +1147.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
