| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.1 | 1.2 | 1.5 | 1.8 | 1.8 | 1.9 | +2.6% | |
| Cost of revenue | 0.9 | 0.9 | 1.1 | 1.4 | 1.4 | 1.5 | +2.9% | |
| Gross profit | 0.2 | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | +1.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | — | |
| Operating expenses | 0.2 | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | −9.6% | |
| Operating income | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | +22.7% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +13.3% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −31.3% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.1) | −87.2% | |
| Pre-tax income | 0.1 | 0.1 | 0.2 | 0.2 | 0.1 | 0.1 | +0.5% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +19.5% | |
| Net income | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | −4.6% | |
| 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) | 0.27 | 0.42 | 0.62 | 0.55 | 0.36 | 0.34 | −5.6% | |
| EPS, diluted (per share) | 0.26 | 0.41 | 0.60 | 0.54 | 0.35 | 0.33 | −5.7% | |
| EBITDA | 0.3 | 0.4 | 0.4 | 0.4 | 0.4 | 0.5 | +13.2% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | +8.9% | |
| Weighted average shares (shares) | 243,821,134 | 239,647,288 | 226,408,666 | 226,332,009 | 224,263,336 | 225,881,329 | +0.7% | |
| Weighted average diluted shares (shares) | 247,902,648 | 244,889,595 | 232,698,941 | 231,355,537 | 228,557,831 | 231,198,387 | +1.2% | |
| Gross margin | 21.0% | 26.2% | 27.9% | 22.6% | 22.0% | 21.7% | −0.2 pts | |
| Operating margin | 6.2% | 11.6% | 14.3% | 10.6% | 7.5% | 9.0% | +1.5 pts | |
| Net margin | 5.9% | 8.2% | 9.3% | 6.8% | 4.4% | 4.1% | −0.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.