| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11.5 | 11.2 | 13.5 | 16.5 | 18.9 | 21.2 | +12.2% | |
| Cost of revenue | 10.4 | 9.1 | 10.8 | 12.9 | 14.7 | 15.3 | +4.1% | |
| Gross profit | 1.1 | 2.1 | 2.7 | 3.6 | 4.2 | 5.9 | +40.2% | |
| Research & development | 0.7 | 0.7 | 0.8 | 0.7 | 0.2 | 0.4 | +94.1% | |
| Selling, general & administrative | 0.8 | 0.9 | 1.1 | 1.1 | 1.3 | 1.3 | −1.2% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 3.1 | 1.6 | 1.8 | 1.7 | 1.3 | 2.3 | +72.5% | |
| Operating income | (2.0) | 0.5 | 0.8 | 1.9 | 2.9 | 3.6 | +25.5% | |
| Interest expense | 0.2 | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | +17.7% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.2 | 0.3 | 0.3 | +0.7% | |
| Other income / expense | (0.8) | (0.8) | (2.3) | 0.5 | (0.7) | 3.3 | +589.1% | |
| Pre-tax income | (2.8) | (0.3) | (1.5) | 2.4 | 2.2 | 6.9 | +210.4% | |
| Income tax | 0.3 | (0.4) | (0.3) | 0.0 | (0.3) | 1.1 | +539.6% | |
| Net income | (3.2) | 0.1 | (1.3) | 2.4 | 2.5 | 5.8 | +131.7% | |
| Discontinued operations | (0.1) | (0.0) | (0.1) | 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) | (0.53) | 0.01 | (0.15) | 0.29 | 0.30 | 0.69 | +130.0% | |
| EPS, diluted (per share) | (0.53) | 0.01 | (0.15) | 0.29 | 0.30 | 0.69 | +130.0% | |
| EBITDA | 0.2 | 1.0 | 1.3 | 3.7 | 3.5 | 4.6 | +30.6% | |
| Depreciation & amortization | 0.6 | 0.5 | 0.5 | 0.9 | 0.9 | 0.9 | +1.7% | |
| Weighted average shares (shares) | 5,987,000,000 | 8,332,000,000 | 8,349,000,000 | 8,404,181,184 | 8,388,000,000 | 8,415,000,000 | +0.3% | |
| Weighted average diluted shares (shares) | 5,987,000,000 | 8,352,000,000 | 8,349,000,000 | 8,405,000,000 | 8,439,000,000 | 8,448,000,000 | +0.1% | |
| Gross margin | 9.7% | 19.0% | 19.9% | 22.0% | 22.3% | 27.9% | +5.6 pts | |
| Operating margin | −17.2% | 4.6% | 6.2% | 11.8% | 15.4% | 17.2% | +1.8 pts | |
| Net margin | −27.6% | 1.1% | −9.4% | 14.6% | 13.3% | 27.5% | +14.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
