| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 487.3 | 996.1 | (573.5) | 228.8 | 294.3 | 344.5 | +17.1% | |
| Cost of revenue | 22.6 | 31.3 | 34.2 | 6.3 | 18.2 | 52.4 | +187.9% | |
| Gross profit | 464.7 | 964.8 | (607.7) | 222.5 | 276.1 | 292.1 | +5.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 23.9 | 9.6 | 20.2 | 33.4 | 33.7 | 114.5 | +239.8% | |
| Selling & marketing | 1.5 | 1.7 | 2.7 | 2.3 | 1.6 | 13.3 | +731.3% | |
| Operating expenses | 37.8 | 25.0 | 27.0 | 113.3 | (238.5) | 14.5 | +106.1% | |
| Operating income | 449.5 | 971.1 | (561.8) | 190.7 | 514.6 | 277.6 | −46.1% | |
| Interest expense | 34.1 | 36.3 | 39.2 | 53.4 | 70.9 | 77.0 | +8.6% | |
| Interest income | 0.0 | 0.7 | 6.3 | 15.0 | 14.4 | 9.4 | −34.7% | |
| Other income / expense | 308.0 | 798.5 | (601.0) | (120.1) | (68.8) | 85.7 | +224.6% | |
| Pre-tax income | 449.5 | 971.1 | (601.0) | 70.6 | 445.8 | 363.3 | −18.5% | |
| Income tax | 0.1 | (1.5) | (1.6) | 0.6 | 0.3 | 0.0 | −100.0% | |
| Net income | 449.4 | 972.6 | (599.4) | 70.0 | 445.5 | 363.3 | −18.5% | |
| 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) | 0.26 | 0.55 | (0.32) | 0.04 | 0.20 | 0.14 | −30.0% | |
| EPS, diluted (per share) | 0.26 | 0.55 | (0.32) | 0.04 | 0.20 | 0.14 | −30.0% | |
| EBITDA | 0.0 | 1,016.6 | (560.0) | 183.5 | 266.0 | 441.2 | +65.9% | |
| Depreciation & amortization | 4.5 | 5.4 | 1.7 | 4.4 | 0.6 | 0.9 | +50.0% | |
| Weighted average shares (shares) | 1,708,504,125 | 1,755,926,756 | 1,868,638,000 | 1,881,931,000 | 2,264,719,000 | 2,523,753,000 | +11.4% | |
| Weighted average diluted shares (shares) | 1,708,504,125 | 1,769,074,000 | 1,868,638,000 | 1,881,931,000 | 2,264,719,000 | 2,525,458,000 | +11.5% | |
| Gross margin | 95.4% | 96.9% | 106.0% | 97.2% | 93.8% | 84.8% | −9.0 pts | |
| Operating margin | 92.2% | 97.5% | 98.0% | 83.3% | 174.9% | 80.6% | −94.3 pts | |
| Net margin | 92.2% | 97.6% | 104.5% | 30.6% | 151.4% | 105.5% | −45.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
