| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.2 | 9.4 | 10.7 | 10.9 | 5.6 | 0.3 | −94.7% | |
| Cost of revenue | 1.5 | 0.6 | 1.3 | 1.3 | 1.3 | 1.3 | −1.2% | |
| Gross profit | 9.7 | 12.4 | 9.4 | 9.6 | 5.5 | (1.0) | −117.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.3 | 1.6 | 1.2 | 4.0 | 2.2 | 1.0 | −53.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.5 | 1.8 | 2.2 | 3.1 | 2.2 | 6.3 | +187.7% | |
| Operating income | 3.4 | 9.3 | 7.0 | 4.6 | 3.3 | (7.3) | −320.4% | |
| Interest expense | 0.1 | 0.6 | 1.1 | 1.0 | 0.0 | 0.0 | — | |
| Interest income | 10.7 | 10.9 | 10.7 | 10.6 | 7.3 | 3.2 | −55.5% | |
| Other income / expense | (1.3) | (0.2) | (1.6) | (1.2) | 0.0 | 0.2 | — | |
| Pre-tax income | 2.1 | 9.0 | 5.4 | 3.4 | 3.3 | (7.1) | −315.4% | |
| Income tax | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 1.9 | 9.0 | 5.4 | 3.4 | 3.3 | (7.1) | −315.4% | |
| 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 | 0.08 | 0.05 | 0.03 | 0.03 | (0.08) | −381.2% | |
| EPS, diluted (per share) | 0.02 | 0.08 | 0.05 | 0.03 | 0.03 | (0.08) | −381.2% | |
| EBITDA | 3.4 | 9.3 | 7.0 | 4.6 | 3.2 | (7.1) | −322.3% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | (3.3) | 0.0 | +100.0% | |
| Weighted average shares (shares) | 120,985,417 | 117,976,668 | 117,839,605 | 117,587,862 | 112,657,232 | 86,244,132 | −23.4% | |
| Weighted average diluted shares (shares) | 120,985,417 | 117,976,668 | 117,839,605 | 117,587,862 | 112,657,232 | 86,244,132 | −23.4% | |
| Gross margin | 86.6% | 132.2% | 88.2% | 88.5% | 97.8% | −323.3% | −421.2 pts | |
| Operating margin | 30.5% | 98.5% | 65.3% | 42.3% | 58.8% | −2,456.4% | −2515.2 pts | |
| Net margin | 16.6% | 95.8% | 50.4% | 31.2% | 58.8% | −2,400.7% | −2459.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
