| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 342.7 | 686.6 | 1,069.5 | 1,011.5 | 848.2 | 754.8 | −11.0% | |
| Cost of revenue | 289.7 | 595.3 | 943.3 | 138.3 | 93.6 | 653.0 | +597.6% | |
| Gross profit | 53.0 | 91.3 | 126.2 | 873.2 | 754.6 | 101.8 | −86.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 18.8 | 19.9 | 37.9 | 42.9 | 31.9 | 33.4 | +4.7% | |
| Selling & marketing | 2.6 | 3.7 | 6.0 | 7.9 | 7.4 | 7.6 | +2.7% | |
| Operating expenses | 30.6 | 49.8 | 83.3 | 853.0 | 1,057.4 | 80.1 | −92.4% | |
| Operating income | 22.5 | 41.4 | 42.9 | 20.2 | (302.8) | 21.1 | +107.0% | |
| Interest expense | 5.7 | 13.3 | 22.2 | 30.2 | 31.7 | 25.6 | −19.2% | |
| Interest income | 0.7 | 1.0 | 1.5 | 2.8 | 3.0 | 2.9 | −3.3% | |
| Other income / expense | (19.4) | (97.1) | (202.6) | (34.1) | (28.2) | (44.9) | −59.2% | |
| Pre-tax income | 3.1 | (55.7) | (159.7) | (13.9) | (331.0) | (23.8) | +92.8% | |
| Income tax | 7.0 | 1.1 | 0.8 | 0.4 | (24.0) | 1.0 | +104.2% | |
| Net income | (3.9) | (56.7) | (160.5) | (6.0) | (306.9) | (24.8) | +91.9% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.2 | 0.1 | 0.0 | −100.0% | |
| EPS, basic (per share) | (0.01) | (0.10) | (0.27) | (0.02) | (0.46) | (0.04) | +92.0% | |
| EPS, diluted (per share) | (0.01) | (0.10) | (0.27) | (0.02) | (0.46) | (0.04) | +92.0% | |
| EBITDA | 45.8 | 14.1 | (54.1) | 94.0 | (232.3) | 89.0 | +138.3% | |
| Depreciation & amortization | 37.0 | 56.5 | 83.4 | 77.9 | 67.0 | 67.9 | +1.3% | |
| Weighted average shares (shares) | 493,290,974 | 551,752,618 | 590,667,949 | 639,249,946 | 671,956,509 | 674,818,805 | +0.4% | |
| Weighted average diluted shares (shares) | 493,290,974 | 551,752,618 | 590,667,949 | 639,218,703 | 671,956,509 | 674,818,805 | +0.4% | |
| Gross margin | 15.5% | 13.3% | 11.8% | 86.3% | 89.0% | 13.5% | −75.5 pts | |
| Operating margin | 6.6% | 6.0% | 4.0% | 2.0% | −35.7% | 2.8% | +38.5 pts | |
| Net margin | −1.1% | −8.3% | −15.0% | −0.6% | −36.2% | −3.3% | +32.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
