| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.3 | 1.6 | 2.0 | 2.0 | 1.7 | 1.6 | −8.2% | |
| Cost of revenue | 0.7 | 0.8 | 0.9 | 1.0 | 0.9 | 0.8 | −7.7% | |
| Gross profit | 0.6 | 0.9 | 1.1 | 1.0 | 0.8 | 0.8 | −8.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 0.7 | 0.9 | 0.9 | 0.8 | 0.7 | −5.3% | |
| Selling & marketing | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 0.6 | 0.7 | 0.9 | 0.9 | 0.8 | 0.7 | −5.3% | |
| Operating income | 0.0 | 0.2 | 0.2 | 0.1 | 0.1 | 0.0 | −60.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +13.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −27.2% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | −39.6% | |
| Pre-tax income | 0.0 | 0.2 | 0.2 | 0.1 | 0.0 | 0.0 | −67.0% | |
| Income tax | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | −65.1% | |
| Net income | (0.0) | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | −68.3% | |
| 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) | (0.02) | 0.37 | 0.44 | 0.24 | 0.09 | 0.03 | −68.2% | |
| EPS, diluted (per share) | (0.02) | 0.37 | 0.44 | 0.24 | 0.09 | 0.03 | −68.1% | |
| EBITDA | 0.1 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | −33.5% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −9.0% | |
| Weighted average shares (shares) | 319,664,000 | 318,237,000 | 318,166,000 | 315,784,000 | 314,038,000 | 312,322,000 | −0.5% | |
| Weighted average diluted shares (shares) | 319,664,000 | 319,469,000 | 319,370,000 | 317,095,000 | 315,106,000 | 313,246,000 | −0.6% | |
| Gross margin | 46.8% | 53.4% | 54.1% | 50.1% | 48.5% | 48.2% | −0.3 pts | |
| Operating margin | 1.7% | 10.7% | 10.2% | 5.9% | 3.0% | 1.3% | −1.7 pts | |
| Net margin | −0.4% | 7.2% | 7.0% | 3.8% | 1.6% | 0.6% | −1.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
