| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.9 | 9.5 | 10.9 | 11.3 | 11.2 | 11.0 | −1.8% | |
| Cost of revenue | 4.0 | 3.6 | 4.3 | 4.3 | 4.3 | 3.8 | −10.6% | |
| Gross profit | 5.9 | 6.0 | 6.6 | 7.0 | 6.9 | 7.0 | +0.6% | |
| Research & development | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | +3.4% | |
| Selling, general & administrative | 4.2 | 3.8 | 4.0 | 4.3 | 4.3 | 4.4 | +0.7% | |
| Selling & marketing | 0.0 | 1.9 | 2.0 | 2.0 | (0.1) | 0.0 | +100.0% | |
| Operating expenses | 4.3 | 4.3 | 4.8 | 5.0 | 4.7 | 4.4 | −6.6% | |
| Operating income | 1.6 | 1.6 | 1.8 | 2.0 | 2.2 | 2.4 | +9.3% | |
| Interest expense | 0.0 | 0.0 | 0.3 | 0.4 | 0.4 | 0.3 | −15.6% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | +38.7% | |
| Other income / expense | (0.0) | (0.0) | (0.2) | (0.4) | (0.3) | (0.3) | +12.2% | |
| Pre-tax income | 1.6 | 1.6 | 1.6 | 1.6 | 1.9 | 2.2 | +12.7% | |
| Income tax | 0.4 | 0.2 | 0.5 | 0.5 | 0.4 | 0.5 | +6.1% | |
| Net income | 1.1 | 1.4 | 1.1 | 1.0 | 1.4 | 1.6 | +13.1% | |
| 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) | 0.24 | 0.30 | 0.24 | 0.24 | 0.32 | 0.36 | +12.5% | |
| EPS, diluted (per share) | 0.24 | 0.30 | 0.24 | 0.24 | 0.32 | 0.36 | +12.5% | |
| EBITDA | 1.9 | 2.2 | 2.2 | 2.4 | 2.5 | 2.9 | +14.5% | |
| Depreciation & amortization | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.4 | +79.6% | |
| Weighted average shares (shares) | 4,617,286,915 | 4,617,286,915 | 4,617,500,000 | 4,631,500,000 | 4,566,000,000 | 4,480,773,000 | −1.9% | |
| Weighted average diluted shares (shares) | 4,617,286,915 | 4,617,286,915 | 4,619,500,000 | 4,631,500,000 | 4,587,500,000 | 4,505,585,000 | −1.8% | |
| Gross margin | 59.7% | 62.3% | 60.6% | 61.6% | 61.9% | 63.3% | +1.5 pts | |
| Operating margin | 16.2% | 17.2% | 16.8% | 17.7% | 19.6% | 21.9% | +2.2 pts | |
| Net margin | 11.6% | 14.6% | 9.8% | 9.3% | 12.8% | 14.8% | +1.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
