| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 81.4 | 208.3 | (111.0) | (20.4) | 42.4 | 48.7 | +14.7% | |
| Cost of revenue | 1.5 | 3.5 | 4.0 | 3.7 | 4.0 | 3.9 | −2.1% | |
| Gross profit | 79.9 | 204.9 | (115.1) | (24.2) | 38.5 | 48.7 | +26.6% | |
| Research & development | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.5 | 0.7 | 1.1 | 0.8 | 0.8 | 4.5 | +436.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.1 | 0.1 | (3.5) | 0.0 | +100.0% | |
| Operating expenses | 0.5 | 0.7 | 1.1 | 0.8 | 0.8 | 4.5 | +436.6% | |
| Operating income | 80.9 | 207.6 | (111.4) | (21.2) | 38.1 | 44.2 | +15.9% | |
| Interest expense | 0.3 | 0.5 | 0.8 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Interest income | 0.1 | 0.1 | 0.0 | 0.2 | 0.2 | 8.9 | +5443.8% | |
| Other income / expense | 0.4 | (0.4) | 0.5 | (1.2) | (0.5) | (2.0) | −293.6% | |
| Pre-tax income | 80.9 | 207.6 | (112.1) | (21.2) | 37.6 | 42.2 | +12.1% | |
| Income tax | 0.3 | 8.4 | (3.9) | 2.1 | 10.7 | 1.4 | −87.3% | |
| Net income | 80.7 | 199.2 | (108.2) | (23.3) | 26.9 | 43.6 | +61.8% | |
| 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) | 1.36 | 2.53 | (1.19) | (0.25) | 0.30 | 0.49 | +63.3% | |
| EPS, diluted (per share) | 1.36 | 2.53 | (1.19) | (0.25) | 0.30 | 0.49 | +63.3% | |
| EBITDA | 80.5 | 208.0 | 0.0 | 0.0 | 38.1 | 44.2 | +15.9% | |
| Depreciation & amortization | 0.0 | 0.0 | 112.7 | 20.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 59,331,304 | 78,661,987 | 91,063,205 | 91,364,427 | 90,804,045 | 89,322,925 | −1.6% | |
| Weighted average diluted shares (shares) | 59,331,304 | 78,661,987 | 91,063,205 | 91,364,427 | 90,804,045 | 89,322,898 | −1.6% | |
| Gross margin | 98.1% | 98.3% | 103.6% | 118.3% | 90.6% | 100.0% | +9.4 pts | |
| Operating margin | 99.4% | 99.7% | 100.3% | 103.7% | 89.9% | 90.8% | +1.0 pts | |
| Net margin | 99.1% | 95.6% | 97.4% | 113.9% | 63.4% | 89.5% | +26.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
