| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.4 | 3.4 | 3.8 | 3.7 | 3.6 | 3.6 | +0.7% | |
| Cost of revenue | 1.8 | 1.7 | 2.0 | 1.8 | 1.7 | 1.9 | +6.8% | |
| Gross profit | 1.6 | 1.7 | 1.8 | 1.8 | 1.8 | 1.7 | −5.1% | |
| Research & development | 0.3 | 0.3 | 0.3 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.4 | 1.4 | 1.4 | 1.4 | 1.3 | 1.3 | −0.8% | |
| Selling & marketing | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | +1.8% | |
| Operating expenses | 1.4 | 1.6 | 1.5 | 1.3 | 1.3 | 1.1 | −14.5% | |
| Operating income | 0.3 | 0.2 | 0.3 | 0.5 | 0.5 | 0.6 | +16.8% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −10.1% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | −69.1% | |
| Other income / expense | (0.1) | (0.0) | 0.1 | (0.0) | (0.0) | (0.2) | −464.5% | |
| Pre-tax income | 0.4 | 0.2 | 0.3 | 0.5 | 0.5 | 0.5 | −10.4% | |
| Income tax | 0.0 | (0.0) | 0.1 | 0.1 | 0.1 | 0.1 | +61.3% | |
| Net income | 0.3 | 0.2 | 0.2 | 0.4 | 0.4 | 0.3 | −22.8% | |
| 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 | −100.0% | |
| EPS, basic (per share) | 0.41 | 0.23 | 0.33 | 0.53 | 0.64 | 0.51 | −20.3% | |
| EPS, diluted (per share) | 0.41 | 0.23 | 0.33 | 0.53 | 0.63 | 0.51 | −19.0% | |
| EBITDA | 1.0 | 0.8 | 0.9 | 1.1 | 1.1 | 1.1 | +3.3% | |
| Depreciation & amortization | 0.6 | 0.5 | 0.6 | 0.5 | 0.5 | 0.5 | −3.5% | |
| Weighted average shares (shares) | 755,400,000 | 754,100,000 | 738,100,000 | 711,500,000 | 673,000,000 | 651,300,000 | −3.2% | |
| Weighted average diluted shares (shares) | 755,400,000 | 759,100,000 | 742,000,000 | 717,300,000 | 684,000,000 | 660,300,000 | −3.5% | |
| Gross margin | 48.0% | 49.0% | 46.7% | 49.9% | 51.0% | 48.0% | −3.0 pts | |
| Operating margin | 8.3% | 5.3% | 7.1% | 13.6% | 15.2% | 17.7% | +2.4 pts | |
| Net margin | 9.7% | 5.2% | 6.3% | 10.3% | 12.2% | 9.4% | −2.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
