| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 431.7 | 546.0 | 669.0 | 749.0 | 675.0 | 726.0 | +7.6% | |
| Cost of revenue | 107.9 | 145.0 | 218.0 | 161.0 | 144.0 | 188.0 | +30.6% | |
| Gross profit | 323.8 | 401.0 | 451.0 | 588.0 | 531.0 | 538.0 | +1.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 52.0 | 59.0 | 59.0 | 50.0 | 60.0 | 53.0 | −11.7% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 20.6 | 136.0 | 254.0 | 768.0 | (172.0) | 76.0 | +144.2% | |
| Operating income | 303.2 | 265.0 | 197.0 | (180.0) | 703.0 | 462.0 | −34.3% | |
| Interest expense | 73.5 | 73.0 | 116.0 | 123.0 | 115.0 | 93.0 | −19.1% | |
| Interest income | 27.0 | 24.0 | 21.0 | 25.0 | 56.0 | 25.0 | −55.4% | |
| Other income / expense | (273.4) | (583.0) | (273.0) | (83.0) | (67.0) | 98.0 | +246.3% | |
| Pre-tax income | 1,227.6 | 3,894.0 | (1,823.0) | (263.0) | 636.0 | 560.0 | −11.9% | |
| Income tax | 35.0 | 288.0 | (37.0) | (10.0) | 42.0 | 9.0 | −78.6% | |
| Net income | 1,427.0 | 4,060.0 | (1,927.0) | (253.0) | 594.0 | 551.0 | −7.2% | |
| 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) | 1.24 | 3.39 | (1.60) | (0.21) | 0.45 | 0.41 | −8.9% | |
| EPS, diluted (per share) | 1.24 | 3.38 | (1.60) | (0.21) | 0.45 | 0.41 | −8.9% | |
| EBITDA | 280.0 | 270.0 | (1,878.0) | (134.0) | 763.0 | 670.0 | −12.2% | |
| Depreciation & amortization | 4.0 | 5.0 | 4.0 | 6.0 | 12.0 | 17.0 | +41.7% | |
| Weighted average shares (shares) | 1,149,800,000 | 1,197,700,000 | 1,206,600,000 | 1,220,000,000 | 1,308,000,000 | 1,352,500,000 | +3.4% | |
| Weighted average diluted shares (shares) | 1,154,500,000 | 1,201,000,000 | 1,206,600,000 | 1,223,400,000 | 1,308,000,000 | 1,355,300,000 | +3.6% | |
| Gross margin | 75.0% | 73.4% | 67.4% | 78.5% | 78.7% | 74.1% | −4.6 pts | |
| Operating margin | 70.2% | 48.5% | 29.4% | −24.0% | 104.1% | 63.6% | −40.5 pts | |
| Net margin | 330.6% | 743.6% | −288.0% | −33.8% | 88.0% | 75.9% | −12.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
