| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|
| Revenue | 4.5 | 8.2 | 4.9 | 2.6 | 0.8 | −68.2% | |
| Cost of revenue | 0.7 | 1.2 | 1.1 | 0.8 | 0.4 | −52.4% | |
| Gross profit | 3.8 | 7.0 | 3.8 | 1.8 | 0.5 | −74.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.0 | 0.0 | 9.1 | 45.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 1.0 | 6.0 | 9.1 | 45.0 | 7.8 | −82.8% | |
| Operating income | 2.8 | 1.0 | (5.3) | (43.1) | (7.3) | +83.1% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.8 | — | |
| Other income / expense | (0.2) | 0.0 | (0.0) | 0.0 | (0.0) | −192.8% | |
| Pre-tax income | 2.5 | 1.0 | (5.3) | (43.1) | (7.3) | +83.1% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 2.5 | 1.0 | (5.3) | (43.1) | (7.3) | +83.1% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.03 | 0.01 | (0.05) | (0.31) | (0.05) | +82.9% | |
| EPS, diluted (per share) | 0.03 | 0.01 | (0.05) | (0.31) | (0.05) | +82.9% | |
| EBITDA | 2.8 | 1.0 | (5.3) | (43.1) | (7.3) | +83.1% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 68,409,295 | 109,916,716 | 108,467,003 | 110,365,675 | 102,492,945 | −7.1% | |
| Weighted average diluted shares (shares) | 68,409,295 | 109,916,716 | 108,467,003 | 110,365,675 | 102,492,945 | −7.1% | |
| Gross margin | 84.7% | 85.6% | 77.8% | 70.2% | 55.4% | −14.9 pts | |
| Operating margin | 61.6% | 11.9% | −107.0% | −1,662.8% | −884.6% | +778.2 pts | |
| Net margin | 56.2% | 12.0% | −107.1% | −1,662.7% | −885.0% | +777.7 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
