| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8.3 | 10.0 | 2.1 | 0.8 | 4.3 | 4.8 | +10.2% | |
| Cost of revenue | 0.0 | 110.5 | 152.4 | 93.7 | 2.8 | 3.4 | +22.3% | |
| Gross profit | 8.3 | (100.5) | (136.8) | (92.9) | 4.3 | 1.3 | −69.0% | |
| Research & development | 61.2 | 81.5 | 116.1 | 96.2 | 54.3 | 57.8 | +6.4% | |
| Selling, general & administrative | 26.5 | 30.8 | 35.7 | 25.2 | 27.5 | 20.7 | −24.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 127.9 | 57.2 | 61.0 | 53.3 | 140.4 | 101.9 | −27.4% | |
| Operating income | (119.5) | (150.3) | (197.8) | (146.2) | (136.1) | (100.6) | +26.1% | |
| Interest expense | 2.9 | 4.7 | 4.0 | 13.5 | 10.0 | 46.7 | +365.7% | |
| Interest income | 1.2 | 0.2 | 5.8 | 16.0 | 22.7 | 13.3 | −41.2% | |
| Other income / expense | 138.5 | 91.3 | 105.0 | 110.1 | 159.9 | (12.7) | −107.9% | |
| Pre-tax income | 19.0 | (59.0) | (92.8) | (36.1) | 23.8 | (113.3) | −576.4% | |
| Income tax | 14.4 | 3.8 | (55.7) | 30.5 | (4.0) | (0.9) | +78.6% | |
| Net income | 6.0 | (60.6) | (50.4) | (65.7) | 53.5 | (112.0) | −309.4% | |
| 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 | (0.21) | (0.18) | (0.24) | 0.20 | (0.47) | −335.0% | |
| EPS, diluted (per share) | 0.02 | (0.21) | (0.18) | (0.24) | 0.20 | (0.47) | −335.0% | |
| EBITDA | (115.6) | (47.0) | (79.9) | (17.7) | 37.4 | (97.2) | −359.9% | |
| Depreciation & amortization | 3.9 | 7.3 | 8.9 | 4.9 | 3.6 | 3.4 | −4.3% | |
| Weighted average shares (shares) | 285,603,667 | 286,590,983 | 279,745,998 | 273,737,500 | 269,656,522 | 240,787,585 | −10.7% | |
| Weighted average diluted shares (shares) | 292,855,913 | 286,590,983 | 284,759,435 | 276,302,533 | 269,656,522 | 240,787,585 | −10.7% | |
| Gross margin | 100.0% | −1,007.0% | −6,546.2% | −12,387.3% | 100.0% | 28.1% | −71.9 pts | |
| Operating margin | −1,433.1% | −1,506.0% | −9,464.4% | −19,493.2% | −3,154.0% | −2,114.7% | +1039.3 pts | |
| Net margin | 71.8% | −606.9% | −2,409.3% | −8,759.6% | 1,240.1% | −2,355.4% | −3595.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
