| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 31.2 | 93.9 | 8.9 | 46.7 | 102.7 | 61.7 | −39.9% | |
| Cost of revenue | 1.9 | 2.3 | 2.4 | 2.5 | 1.4 | 2.9 | +110.2% | |
| Gross profit | 29.2 | 91.6 | 6.5 | 44.2 | 98.3 | 58.8 | −40.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.7 | 0.7 | 0.8 | 0.9 | 1.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.4 | 0.4 | 0.0 | −100.0% | |
| Operating expenses | 0.7 | 0.7 | 0.8 | 0.9 | 1.0 | 0.9 | −3.0% | |
| Operating income | 28.7 | 90.9 | 5.8 | 43.4 | 99.0 | 57.8 | −41.6% | |
| Interest expense | 0.9 | 0.8 | 1.0 | 1.3 | 1.4 | 1.1 | −24.3% | |
| Interest income | 0.0 | 11.5 | 0.0 | 0.2 | 0.2 | 15.2 | +9344.2% | |
| Other income / expense | (0.9) | (0.9) | (1.0) | (1.6) | (1.6) | (1.2) | +23.9% | |
| Pre-tax income | 27.7 | 90.1 | 4.8 | 41.8 | 97.4 | 56.6 | −41.9% | |
| Income tax | 0.9 | 1.1 | 1.2 | 1.2 | 1.3 | 1.1 | −20.1% | |
| Net income | 26.9 | 88.9 | 3.6 | 40.6 | 96.1 | 55.6 | −42.2% | |
| 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) | 0.63 | 2.08 | 0.08 | 0.95 | 2.25 | 1.28 | −43.1% | |
| EPS, diluted (per share) | 0.63 | 2.08 | 0.08 | 0.95 | 2.25 | 1.28 | −43.1% | |
| EBITDA | 28.7 | 90.9 | 5.8 | 43.4 | 99.0 | 57.7 | −41.7% | |
| Depreciation & amortization | 0.0 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 42,692,727 | 42,692,727 | 42,692,727 | 42,692,727 | 42,701,544 | 43,240,399 | +1.3% | |
| Weighted average diluted shares (shares) | 42,692,727 | 42,692,727 | 42,692,727 | 42,692,727 | 42,701,544 | 43,240,399 | +1.3% | |
| Gross margin | 93.9% | 97.5% | 73.0% | 94.7% | 95.8% | 95.3% | −0.5 pts | |
| Operating margin | 92.0% | 96.9% | 65.3% | 93.0% | 96.4% | 93.8% | −2.6 pts | |
| Net margin | 86.2% | 94.7% | 40.8% | 87.1% | 93.5% | 90.1% | −3.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.