| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 212.7 | 66.7 | (12.3) | 115.7 | 89.9 | 114.8 | +27.6% | |
| Cost of revenue | 11.8 | 12.4 | 12.6 | 10.6 | 5.4 | 6.8 | +26.2% | |
| Gross profit | 200.9 | 54.3 | (24.9) | 105.1 | 84.6 | 108.0 | +27.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.8 | 4.0 | 5.6 | 5.2 | 4.8 | 3.8 | −19.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.8 | 4.0 | 5.6 | 5.2 | 4.8 | 3.8 | −19.7% | |
| Operating income | 210.0 | 67.2 | (17.9) | 116.0 | 79.8 | 104.1 | +30.5% | |
| Interest expense | 4.1 | 4.5 | 9.5 | 5.9 | 5.4 | 6.8 | +26.2% | |
| Interest income | 0.0 | 99.5 | 0.0 | 0.3 | 0.3 | 0.2 | −0.6% | |
| Other income / expense | 0.0 | (6.6) | (11.0) | (5.6) | (1.7) | (5.1) | −191.2% | |
| Pre-tax income | 210.0 | 62.7 | (17.9) | 110.4 | 79.8 | 104.1 | +30.5% | |
| Income tax | 0.0 | (0.2) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 210.0 | 62.7 | (17.9) | 110.4 | 79.8 | 104.1 | +30.5% | |
| 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 | 0.04 | (0.01) | 0.06 | 0.05 | 0.07 | +50.1% | |
| EPS, diluted (per share) | 0.13 | 0.04 | (0.01) | 0.06 | 0.05 | 0.07 | +51.1% | |
| EBITDA | 210.0 | 67.2 | (6.9) | 116.2 | 79.8 | 104.1 | +30.5% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 1,663,690,998 | 1,765,918,903 | 1,753,877,035 | 1,753,877,035 | 1,753,877,035 | 1,524,793,646 | −13.1% | |
| Weighted average diluted shares (shares) | 1,663,690,998 | 1,766,723,662 | 1,766,723,662 | 1,766,723,662 | 1,766,723,662 | 1,524,793,646 | −13.7% | |
| Gross margin | 94.4% | 81.4% | 202.3% | 90.9% | 94.0% | 94.1% | +0.1 pts | |
| Operating margin | 98.7% | 100.8% | 145.6% | 100.3% | 88.7% | 90.8% | +2.0 pts | |
| Net margin | 98.7% | 94.0% | 145.6% | 95.5% | 88.7% | 90.8% | +2.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
