| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.4 | 26.7 | 35.9 | 41.7 | 39.9 | 27.5 | −31.2% | |
| Cost of revenue | 2.5 | 3.4 | 0.0 | 0.0 | 5.0 | 16.8 | +233.4% | |
| Gross profit | 50.9 | 62.4 | 35.9 | 41.7 | 34.9 | 10.7 | −69.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.3 | 1.7 | 2.8 | 3.6 | 4.1 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 5.7 | 7.0 | 55.5 | 125.8 | 18.6 | 2.3 | −87.5% | |
| Operating income | 48.4 | 57.8 | (19.6) | (93.9) | 5.2 | 8.4 | +61.2% | |
| Interest expense | 2.5 | 3.4 | 5.7 | 5.6 | 5.5 | 3.3 | −40.4% | |
| Interest income | 0.0 | 0.0 | 5.7 | 0.0 | 0.0 | 0.2 | — | |
| Other income / expense | (3.1) | (2.4) | (1.7) | (9.7) | (11.0) | (40.7) | −268.5% | |
| Pre-tax income | 45.2 | 55.4 | (21.3) | (93.9) | 5.2 | (32.3) | −719.8% | |
| Income tax | 9.9 | 10.9 | (2.9) | (12.1) | 2.2 | 0.4 | −83.3% | |
| Net income | 35.4 | 44.4 | (18.4) | (81.8) | 3.0 | (32.7) | −1178.0% | |
| 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) | 0.15 | 0.15 | (0.05) | (0.20) | 0.01 | (0.08) | −1170.3% | |
| EPS, diluted (per share) | 0.15 | 0.15 | (0.05) | (0.20) | 0.01 | (0.08) | −1170.3% | |
| EBITDA | 45.2 | 55.4 | 28.7 | (98.0) | 5.2 | (28.6) | −648.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5 | — | |
| Weighted average shares (shares) | 239,213,116 | 288,114,820 | 408,956,423 | 412,174,356 | 412,174,356 | 412,174,356 | +0.0% | |
| Weighted average diluted shares (shares) | 239,213,116 | 288,114,820 | 408,956,423 | 412,174,356 | 412,174,356 | 412,174,356 | +0.0% | |
| Gross margin | 218.1% | 233.6% | 100.0% | 100.0% | 87.4% | 39.0% | −48.4 pts | |
| Operating margin | 207.2% | 216.4% | −54.5% | −225.4% | 13.1% | 30.6% | +17.5 pts | |
| Net margin | 151.5% | 166.3% | −51.3% | −196.3% | 7.6% | −118.9% | −126.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in GBP.
