| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 12.0 | 12.8 | 14.4 | 14.8 | 14.7 | 13.6 | −8.1% | |
| Cost of revenue | 10.0 | 10.6 | 11.9 | 12.3 | 12.3 | 11.4 | −7.2% | |
| Gross profit | 2.0 | 2.2 | 2.5 | 2.5 | 2.5 | 2.1 | −12.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.3 | 1.0 | 1.2 | 2.0 | 1.1 | 1.8 | +55.3% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Operating expenses | (0.3) | 1.0 | 1.2 | 2.0 | 1.1 | 0.9 | −21.3% | |
| Operating income | 2.3 | 1.2 | 1.4 | 0.5 | 1.3 | 1.3 | −4.9% | |
| Interest expense | 0.3 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | −15.6% | |
| Interest income | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | +2500.0% | |
| Other income / expense | (5.1) | (0.3) | (0.2) | (0.2) | (0.3) | (1.1) | −284.0% | |
| Pre-tax income | (2.8) | 1.0 | 1.2 | 0.3 | 1.0 | 0.1 | −87.3% | |
| Income tax | 0.1 | 0.2 | 0.4 | 0.1 | 0.4 | 0.3 | −24.6% | |
| Net income | (3.0) | 0.6 | 0.7 | 0.1 | 0.5 | (0.2) | −139.7% | |
| 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) | (2.42) | 0.53 | 0.62 | 0.10 | 0.50 | (0.20) | −140.0% | |
| EPS, diluted (per share) | (2.40) | 0.52 | 0.61 | 0.10 | 0.49 | (0.20) | −140.8% | |
| EBITDA | (1.8) | 1.8 | 2.0 | 1.9 | 1.9 | 1.7 | −12.2% | |
| Depreciation & amortization | 0.6 | 0.5 | 0.5 | 1.2 | 0.5 | 0.4 | −9.5% | |
| Weighted average shares (shares) | 1,223,000,000 | 1,194,100,000 | 1,097,900,000 | 1,093,069,306 | 1,077,000,000 | 1,075,000,000 | −0.2% | |
| Weighted average diluted shares (shares) | 1,236,000,000 | 1,215,300,000 | 1,116,400,000 | 1,094,000,000 | 1,097,000,000 | 1,075,000,000 | −2.0% | |
| Gross margin | 16.8% | 17.2% | 17.6% | 17.0% | 16.6% | 15.8% | −0.8 pts | |
| Operating margin | 19.0% | 9.6% | 9.4% | 3.6% | 9.0% | 9.3% | +0.3 pts | |
| Net margin | −24.7% | 5.0% | 4.7% | 0.7% | 3.7% | −1.6% | −5.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
