| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.3 | 3.9 | 3.9 | 3.5 | 2.9 | 2.5 | −14.9% | |
| Cost of revenue | 1.8 | 2.3 | 2.4 | 2.1 | 1.8 | 1.5 | −18.8% | |
| Gross profit | 1.4 | 1.6 | 1.6 | 1.4 | 1.1 | 1.0 | −8.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.4 | 1.6 | 1.7 | 1.7 | 1.5 | 1.2 | −19.8% | |
| Selling & marketing | 0.6 | 0.7 | 0.7 | 0.6 | 0.3 | 0.3 | −19.6% | |
| Operating expenses | 1.3 | 1.4 | 1.6 | 1.4 | 1.2 | 1.0 | −11.0% | |
| Operating income | 0.2 | 0.2 | (0.0) | (0.0) | (0.1) | (0.0) | +45.6% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | +25.5% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −60.0% | |
| Other income / expense | (0.0) | (0.0) | (0.0) | (0.0) | (0.3) | (0.2) | +20.1% | |
| Pre-tax income | 0.1 | 0.2 | (0.0) | (0.3) | (0.4) | (0.3) | +25.8% | |
| Income tax | 0.0 | 0.0 | (0.0) | (0.1) | (0.0) | 0.0 | +141.4% | |
| Net income | 0.1 | 0.1 | (0.0) | (0.2) | (0.3) | (0.3) | +11.9% | |
| 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) | 1.24 | 1.26 | (0.30) | (2.13) | (2.84) | (2.50) | +12.0% | |
| EPS, diluted (per share) | 1.23 | 1.23 | (0.30) | (2.13) | (2.84) | (2.50) | +12.0% | |
| EBITDA | 0.3 | 0.3 | 0.1 | (0.1) | (0.2) | (0.0) | +68.9% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | −3.1% | |
| Weighted average shares (shares) | 91,576,877 | 101,678,022 | 101,785,427 | 104,729,376 | 119,085,260 | 119,294,826 | +0.2% | |
| Weighted average diluted shares (shares) | 92,029,587 | 108,435,208 | 101,785,427 | 104,729,376 | 119,085,260 | 119,294,826 | +0.2% | |
| Gross margin | 43.8% | 42.0% | 39.8% | 39.3% | 37.5% | 40.4% | +2.9 pts | |
| Operating margin | 4.9% | 5.0% | −0.4% | −1.2% | −2.9% | −1.8% | +1.0 pts | |
| Net margin | 3.5% | 3.3% | −0.8% | −6.3% | −11.7% | −12.1% | −0.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
