| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25.1 | 25.1 | 33.3 | 49.8 | 57.0 | 50.8 | −10.9% | |
| Cost of revenue | 8.0 | 3.2 | 9.7 | 23.9 | 28.0 | 21.7 | −22.4% | |
| Gross profit | 17.1 | 22.0 | 23.6 | 25.9 | 29.1 | 29.1 | +0.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 9.1 | 2.0 | 10.9 | 11.8 | 11.9 | 2.7 | −77.1% | |
| Selling & marketing | 0.0 | 0.4 | 0.0 | 0.0 | 0.0 | 0.6 | — | |
| Operating expenses | 14.2 | 13.8 | 16.5 | 19.4 | 20.8 | 20.0 | −3.9% | |
| Operating income | 2.9 | 8.2 | 7.0 | 6.5 | 8.3 | 9.1 | +10.4% | |
| Interest expense | 3.6 | 3.2 | 8.6 | 22.0 | 25.9 | 21.7 | −16.3% | |
| Interest income | 11.2 | 11.2 | 19.2 | 34.5 | 39.1 | 36.2 | −7.5% | |
| Other income / expense | (0.0) | 0.0 | (0.0) | 0.0 | (0.0) | 0.0 | +100.0% | |
| Pre-tax income | 2.9 | 8.2 | 7.0 | 6.5 | 8.2 | 9.1 | +10.9% | |
| Income tax | 0.6 | 1.1 | 1.0 | 1.2 | 1.8 | 1.9 | +7.7% | |
| Net income | 2.2 | 7.0 | 6.0 | 5.2 | 6.4 | 7.2 | +11.4% | |
| 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 | −100.0% | |
| EPS, basic (per share) | 0.35 | 1.48 | 1.24 | 1.12 | 1.44 | 1.80 | +25.0% | |
| EPS, diluted (per share) | 0.34 | 1.44 | 1.20 | 1.08 | 1.40 | 1.80 | +28.6% | |
| EBITDA | 3.5 | 9.9 | 7.7 | 7.0 | 8.8 | 10.9 | +24.0% | |
| Depreciation & amortization | 0.6 | 1.7 | 0.6 | 0.6 | 0.5 | 1.8 | +223.3% | |
| Weighted average shares (shares) | 4,325,000,000 | 4,246,250,000 | 4,083,250,000 | 3,861,250,000 | 3,688,750,000 | 3,451,250,000 | −6.4% | |
| Weighted average diluted shares (shares) | 4,417,000,000 | 4,355,000,000 | 4,216,750,000 | 3,973,750,000 | 3,817,750,000 | 3,451,137,000 | −9.6% | |
| Gross margin | 68.2% | 87.4% | 70.7% | 52.0% | 51.0% | 57.3% | +6.4 pts | |
| Operating margin | 11.5% | 32.6% | 21.1% | 13.0% | 14.5% | 18.0% | +3.5 pts | |
| Net margin | 8.9% | 27.9% | 17.9% | 10.4% | 11.3% | 14.1% | +2.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
