| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 54.5 | 198.1 | (199.7) | 4.0 | 21.1 | (37.4) | −277.0% | |
| Cost of revenue | 3.1 | 4.3 | 5.1 | 0.8 | 6.2 | 1.5 | −76.1% | |
| Gross profit | 51.5 | 193.7 | (204.8) | 94.4 | 94.8 | (38.9) | −141.0% | |
| Research & development | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.7 | 0.9 | 0.9 | 0.9 | 0.9 | 0.9 | −3.7% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | −35.7% | |
| Operating expenses | 0.6 | 0.8 | 4.6 | 5.3 | 2.4 | 0.8 | −65.4% | |
| Operating income | 54.0 | 197.3 | (200.2) | 93.2 | 92.3 | (39.7) | −143.0% | |
| Interest expense | 0.0 | 0.3 | 0.3 | 0.8 | 2.3 | 1.5 | −36.4% | |
| Interest income | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | 0.0 | 1.0 | (0.3) | (0.8) | (0.0) | (1.7) | −11406.7% | |
| Pre-tax income | 54.0 | 197.3 | (200.6) | 92.4 | 92.3 | (39.7) | −143.0% | |
| Income tax | (1.9) | 0.7 | 0.8 | 0.8 | 0.7 | 0.5 | −35.8% | |
| Net income | 55.9 | 196.6 | (201.4) | 91.6 | 91.6 | (40.2) | −143.9% | |
| 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) | 0.66 | 2.26 | (1.99) | 0.91 | 0.91 | (0.41) | −145.1% | |
| EPS, diluted (per share) | 0.66 | 2.26 | (1.99) | 0.91 | 0.91 | (0.41) | −145.1% | |
| EBITDA | 55.8 | 196.3 | (200.6) | 92.4 | 93.5 | (39.7) | −142.5% | |
| Depreciation & amortization | 0.0 | 0.0 | 201.4 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 84,368,978 | 87,062,072 | 100,964,479 | 101,067,709 | 100,411,682 | 97,066,146 | −3.3% | |
| Weighted average diluted shares (shares) | 84,368,978 | 87,062,072 | 100,964,479 | 101,067,709 | 100,411,682 | 97,066,146 | −3.3% | |
| Gross margin | 94.4% | 97.8% | 102.6% | 2,342.5% | 448.4% | 104.0% | −344.5 pts | |
| Operating margin | 98.9% | 99.6% | 100.3% | 2,313.0% | 437.0% | 106.2% | −330.8 pts | |
| Net margin | 102.5% | 99.2% | 100.8% | 2,272.7% | 433.5% | 107.5% | −326.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
