| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.6 | 1.1 | 1.4 | 1.6 | 1.6 | 1.3 | −20.6% | |
| Cost of revenue | 0.5 | 0.8 | 0.9 | 1.0 | 1.0 | 1.2 | +22.8% | |
| Gross profit | 0.1 | 0.3 | 0.5 | 0.6 | 0.6 | 0.0 | −94.9% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +76.9% | |
| Selling, general & administrative | 0.3 | 0.4 | 0.6 | 0.3 | 0.3 | 0.2 | −32.0% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 0.3 | 0.4 | 0.6 | 0.8 | 0.7 | 0.2 | −63.5% | |
| Operating income | (0.2) | (0.1) | (0.3) | (0.1) | (0.1) | (0.2) | −120.5% | |
| Interest expense | 0.1 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | −1.0% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | +769.0% | |
| Other income / expense | (0.3) | (0.1) | (0.4) | (0.1) | (0.2) | (0.2) | +10.8% | |
| Pre-tax income | (0.5) | (0.2) | (0.5) | (0.2) | (0.3) | (0.4) | −34.4% | |
| Income tax | (0.1) | (0.0) | 0.0 | (0.0) | 0.0 | 0.1 | +203.8% | |
| Net income | (0.4) | (0.2) | (0.5) | (0.2) | (0.3) | (0.5) | −52.5% | |
| 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) | (0.50) | (0.23) | (0.64) | (0.28) | (0.39) | (0.50) | −28.2% | |
| EPS, diluted (per share) | (0.50) | (0.23) | (0.64) | (0.30) | (0.39) | (0.50) | −28.2% | |
| EBITDA | (0.2) | 0.2 | (0.0) | 0.3 | 0.2 | 0.1 | −49.3% | |
| Depreciation & amortization | 0.2 | 0.2 | 0.3 | 0.4 | 0.4 | 0.3 | −8.5% | |
| Weighted average shares (shares) | 823,368,973 | 823,368,973 | 823,368,973 | 823,368,973 | 831,619,537 | 982,400,000 | +18.1% | |
| Weighted average diluted shares (shares) | 823,368,973 | 823,368,973 | 823,368,973 | 748,200,000 | 832,400,000 | 982,400,000 | +18.0% | |
| Gross margin | 18.2% | 31.4% | 32.6% | 39.1% | 36.9% | 2.4% | −34.5 pts | |
| Operating margin | −35.2% | −7.7% | −21.7% | −6.8% | −6.3% | −17.4% | −11.2 pts | |
| Net margin | −67.1% | −17.3% | −38.2% | −14.0% | −20.4% | −39.2% | −18.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.