| USD millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|
| Revenue | 259.1 | 36.1 | (42.5) | (66.5) | 150.2 | +325.8% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 0.0 | 129.1 | — | |
| Gross profit | 259.1 | 36.3 | (42.5) | (66.5) | 21.1 | +131.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 5.7 | 9.0 | 9.0 | 10.4 | 8.8 | −15.0% | |
| Selling & marketing | 0.2 | 0.6 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Operating expenses | 6.2 | 9.9 | 10.7 | 11.8 | 38.2 | +224.8% | |
| Operating income | 252.9 | 26.3 | (53.3) | (78.3) | (17.1) | +78.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 7.7 | — | |
| Interest income | 0.0 | 43.7 | 0.0 | 0.0 | 3.5 | — | |
| Other income / expense | (0.1) | (0.2) | (0.2) | (0.2) | (27.3) | −16885.5% | |
| Pre-tax income | 252.9 | 26.2 | (53.3) | (78.3) | (44.4) | +43.2% | |
| Income tax | 0.1 | (0.0) | 0.2 | 0.4 | 1.6 | +363.4% | |
| Net income | 252.8 | 26.2 | (53.5) | (78.6) | (46.1) | +41.4% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.77 | 0.08 | (0.16) | (0.24) | (0.14) | +41.7% | |
| EPS, diluted (per share) | 0.77 | 0.08 | (0.16) | (0.24) | (0.14) | +41.7% | |
| EBITDA | 252.9 | 26.5 | (51.6) | (77.6) | (1.6) | +97.9% | |
| Depreciation & amortization | (253.4) | 0.2 | 0.3 | 0.6 | 35.1 | +5616.8% | |
| Weighted average shares (shares) | 330,215,878 | 330,215,878 | 329,937,902 | 329,323,619 | 328,966,000 | −0.1% | |
| Weighted average diluted shares (shares) | 330,215,878 | 330,215,878 | 330,004,884 | 329,233,707 | 328,966,000 | −0.1% | |
| Gross margin | 100.0% | 100.4% | 100.0% | 100.0% | 14.0% | −86.0 pts | |
| Operating margin | 97.6% | 72.9% | 125.2% | 117.7% | −11.4% | −129.1 pts | |
| Net margin | 97.6% | 72.6% | 125.7% | 118.2% | −30.7% | −148.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
