| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 208.3 | 176.5 | 219.7 | 141.8 | 142.1 | 339.1 | +138.6% | |
| Cost of revenue | 45.3 | 27.7 | 50.4 | (179.5) | 0.0 | 231.4 | — | |
| Gross profit | 163.0 | 148.8 | 169.3 | 321.3 | 142.1 | 107.7 | −24.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 35.2 | 43.8 | 100.7 | 105.7 | 0.0 | 63.7 | — | |
| Selling & marketing | 0.0 | 0.0 | 60.1 | 60.3 | 0.0 | 0.0 | — | |
| Operating expenses | 143.9 | 102.5 | 130.3 | 105.7 | 3.1 | 80.2 | +2487.1% | |
| Operating income | 22.2 | 54.4 | 37.9 | 42.3 | 142.1 | 27.5 | −80.6% | |
| Interest expense | 45.3 | 27.7 | 50.4 | 10.7 | 0.0 | 173.4 | — | |
| Interest income | 196.2 | 163.9 | 203.0 | 0.0 | 0.0 | 372.0 | — | |
| Other income / expense | (3.1) | 1.5 | 1.1 | (6.2) | (112.9) | 0.0 | +100.0% | |
| Pre-tax income | 19.1 | 56.0 | 39.0 | 36.1 | 29.2 | 27.5 | −5.8% | |
| Income tax | 3.7 | 10.4 | 9.4 | 9.7 | 9.5 | 9.9 | +4.2% | |
| Net income | 15.4 | 45.6 | 33.7 | 24.3 | 19.7 | (9.4) | −147.7% | |
| Discontinued operations | 0.0 | 0.1 | 4.1 | (2.1) | 0.0 | (27.0) | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.83 | 2.45 | 1.80 | 1.30 | 1.03 | 0.94 | −8.7% | |
| EPS, diluted (per share) | 0.81 | 2.39 | 1.75 | 1.26 | 1.01 | 0.89 | −11.9% | |
| EBITDA | 26.3 | 59.4 | 42.3 | 37.7 | 42.8 | 29.4 | −31.3% | |
| Depreciation & amortization | 4.1 | 3.5 | 3.3 | 1.6 | 3.4 | 1.9 | −44.1% | |
| Weighted average shares (shares) | 18,615,480 | 18,637,444 | 18,672,650 | 18,751,059 | 19,428,007 | 18,678,740 | −3.9% | |
| Weighted average diluted shares (shares) | 19,015,193 | 19,045,173 | 19,289,990 | 19,266,841 | 19,420,912 | 19,768,631 | +1.8% | |
| Gross margin | 78.3% | 84.3% | 77.1% | 226.6% | 100.0% | 31.8% | −68.2 pts | |
| Operating margin | 10.7% | 30.8% | 17.3% | 29.8% | 100.0% | 8.1% | −91.9 pts | |
| Net margin | 7.4% | 25.8% | 15.3% | 17.1% | 13.9% | −2.8% | −16.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
