| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 205.7 | 304.9 | 332.6 | 364.3 | 389.9 | 425.1 | +9.0% | |
| Cost of revenue | 0.0 | 0.0 | 4.6 | 5.0 | 0.0 | 0.0 | — | |
| Gross profit | 205.7 | 304.9 | 328.0 | 359.3 | 389.9 | 425.1 | +9.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 66.3 | 76.8 | 86.7 | 101.3 | 127.6 | 128.9 | +1.1% | |
| Selling & marketing | 35.8 | 38.5 | 46.5 | 56.5 | (6.0) | 69.5 | +1259.2% | |
| Operating expenses | 66.3 | 76.8 | 86.7 | 106.3 | 133.6 | 137.3 | +2.8% | |
| Operating income | 135.1 | 223.7 | 241.3 | 258.0 | 256.3 | 287.9 | +12.3% | |
| Interest expense | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.6 | +1.8% | |
| Interest income | 0.2 | 0.0 | 0.4 | 2.2 | 2.6 | 2.6 | +0.6% | |
| Other income / expense | (0.3) | 2.0 | (0.1) | 1.7 | 2.1 | 2.1 | +0.3% | |
| Pre-tax income | 134.8 | 225.6 | 241.3 | 259.8 | 258.4 | 290.0 | +12.2% | |
| Income tax | 25.0 | 42.6 | 45.6 | 60.6 | 65.7 | 72.9 | +11.0% | |
| Net income | 109.8 | 183.1 | 195.7 | 199.2 | 192.7 | 217.1 | +12.6% | |
| 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) | 0.13 | 0.21 | 0.23 | 0.24 | 0.24 | 0.28 | +16.7% | |
| EPS, diluted (per share) | 0.13 | 0.21 | 0.23 | 0.24 | 0.24 | 0.28 | +16.7% | |
| EBITDA | 139.4 | 228.1 | 245.9 | 263.0 | 264.9 | 296.2 | +11.8% | |
| Depreciation & amortization | 4.3 | 4.4 | 4.6 | 5.0 | 6.0 | 8.3 | +38.8% | |
| Weighted average shares (shares) | 871,183,559 | 858,770,021 | 835,319,862 | 813,336,856 | 790,217,466 | 772,382,123 | −2.3% | |
| Weighted average diluted shares (shares) | 873,674,922 | 860,281,746 | 837,505,368 | 815,338,856 | 792,601,981 | 775,356,560 | −2.2% | |
| Gross margin | 100.0% | 100.0% | 98.6% | 98.6% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 65.7% | 73.4% | 72.6% | 70.8% | 65.7% | 67.7% | +2.0 pts | |
| Net margin | 53.4% | 60.1% | 58.8% | 54.7% | 49.4% | 51.1% | +1.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
