| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 21.3 | 6.8 | 37.0 | 11.0 | 5.3 | 3.3 | −38.5% | |
| Cost of revenue | (7.5) | 14.2 | (14.9) | 7.5 | 14.7 | 13.5 | −8.1% | |
| Gross profit | 28.9 | 47.1 | 51.9 | 3.6 | 27.7 | (10.3) | −137.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.6 | 2.2 | 2.4 | 3.1 | 3.6 | 4.1 | +15.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 9.1 | 15.7 | 17.4 | 4.0 | 3.6 | (22.6) | −736.7% | |
| Operating income | 19.8 | 31.5 | 34.5 | (0.4) | 24.1 | 12.4 | −48.7% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 2.1 | 2.0 | 1.9 | 2.0 | 3.3 | 4.6 | +36.9% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | 19.8 | 31.5 | 34.5 | (0.4) | 24.1 | 12.4 | −48.6% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 19.8 | 31.5 | 34.5 | (0.4) | 24.1 | 12.4 | −48.6% | |
| 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) | 0.06 | 0.07 | 0.06 | (0.00) | 0.03 | 0.01 | −56.8% | |
| EPS, diluted (per share) | 0.06 | 0.07 | 0.06 | (0.00) | 0.03 | 0.01 | −56.8% | |
| EBITDA | 19.8 | 31.5 | 34.5 | (0.4) | 24.1 | 12.4 | −48.6% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 308,647,000 | 438,446,000 | 572,765,000 | 709,769,000 | 867,759,000 | 1,037,727,536 | +19.6% | |
| Weighted average diluted shares (shares) | 308,859,000 | 438,446,000 | 572,765,000 | 709,769,000 | 867,759,000 | 1,037,727,536 | +19.6% | |
| Gross margin | 135.3% | 694.8% | 140.4% | 32.4% | 521.2% | −314.4% | −835.6 pts | |
| Operating margin | 92.7% | 463.7% | 93.4% | −4.0% | 454.2% | 378.5% | −75.7 pts | |
| Net margin | 92.7% | 463.7% | 93.4% | −3.9% | 454.2% | 379.6% | −74.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
