| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 112.3 | 201.1 | 22.1 | 50.3 | 103.7 | 10.3 | −90.0% | |
| Cost of revenue | 22.4 | 47.1 | 29.7 | 51.9 | 0.0 | 14.2 | — | |
| Gross profit | (9.1) | (58.1) | (78.3) | (1.6) | 103.7 | (3.9) | −103.7% | |
| Research & development | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 21.7 | 47.0 | 29.6 | 23.7 | 33.5 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 21.7 | 47.0 | 29.6 | 23.7 | 33.5 | 22.7 | −32.3% | |
| Operating income | 90.6 | 154.1 | (7.5) | 27.3 | 70.2 | (26.6) | −137.8% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | 0.6 | −28.9% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 10.3 | — | |
| Other income / expense | (14.9) | (4.2) | (8.0) | (11.3) | 20.2 | (51.8) | −357.1% | |
| Pre-tax income | 75.7 | 149.8 | (15.4) | 16.0 | 90.3 | (78.4) | −186.8% | |
| Income tax | 0.0 | 125.0 | (34.6) | 0.0 | 0.2 | 0.0 | −96.8% | |
| Net income | 75.8 | 149.7 | (15.4) | 16.0 | 90.1 | (78.4) | −187.0% | |
| 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) | 1.10 | 2.16 | (0.22) | 0.23 | 1.30 | (1.14) | −187.7% | |
| EPS, diluted (per share) | 1.10 | 2.16 | (0.22) | 0.23 | 1.30 | (1.14) | −187.7% | |
| EBITDA | 89.2 | 152.5 | (34.6) | 27.3 | 68.4 | (77.8) | −213.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 9.1 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 69,151,218 | 69,264,980 | 69,151,404 | 69,151,270 | 69,151,208 | 60,228,342 | −12.9% | |
| Weighted average diluted shares (shares) | 69,151,168 | 69,151,168 | 69,151,168 | 69,151,168 | 69,151,168 | 60,228,342 | −12.9% | |
| Gross margin | −8.1% | −28.9% | −354.1% | −3.3% | 100.0% | −37.4% | −137.4 pts | |
| Operating margin | 80.7% | 76.6% | −33.7% | 54.2% | 67.7% | −256.7% | −324.4 pts | |
| Net margin | 67.5% | 74.4% | −69.8% | 31.7% | 86.9% | −757.9% | −844.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
