| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 402.5 | 393.3 | 401.0 | 472.6 | 510.4 | 497.5 | −2.5% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 147.2 | 166.6 | 0.0 | −100.0% | |
| Gross profit | 402.5 | 393.3 | 401.0 | 472.6 | 510.4 | 497.5 | −2.5% | |
| Research & development | 63.7 | 64.3 | 81.5 | 130.9 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 4.1 | 5.4 | 6.5 | 5.0 | 196.1 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | (356.2) | (342.9) | 351.6 | 427.2 | 452.3 | 424.1 | −6.2% | |
| Operating income | 46.3 | 50.4 | 49.4 | 45.4 | 58.1 | 73.4 | +26.3% | |
| Interest expense | 3.0 | 1.6 | 1.5 | 0.7 | 4.8 | 5.7 | +18.8% | |
| Interest income | 2.9 | 1.5 | 1.4 | 0.1 | 0.0 | 0.0 | — | |
| Other income / expense | (3.0) | (1.6) | (1.5) | (1.3) | (4.8) | (5.7) | −18.8% | |
| Pre-tax income | 43.3 | 48.8 | 47.9 | 44.1 | 53.3 | 67.7 | +27.0% | |
| Income tax | 8.6 | 7.3 | 3.5 | 6.4 | 10.6 | 14.4 | +35.8% | |
| Net income | 34.7 | 41.5 | 47.4 | 5.4 | 39.5 | 48.2 | +22.0% | |
| Discontinued operations | 0.0 | 0.0 | 3.0 | (32.3) | (3.2) | (5.1) | −59.4% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.12 | 0.15 | 0.17 | 0.02 | 0.14 | 0.18 | +28.6% | |
| EPS, diluted (per share) | 0.12 | 0.14 | 0.16 | 0.02 | 0.14 | 0.17 | +21.4% | |
| EBITDA | 75.1 | 75.5 | 71.2 | 67.1 | 82.7 | 100.2 | +21.2% | |
| Depreciation & amortization | 28.8 | 25.1 | 21.8 | 22.3 | 24.6 | 26.8 | +8.9% | |
| Weighted average shares (shares) | 281,400,000 | 281,555,716 | 280,506,245 | 281,655,927 | 272,875,033 | 270,724,940 | −0.8% | |
| Weighted average diluted shares (shares) | 288,400,000 | 287,985,451 | 288,218,004 | 288,780,153 | 279,133,292 | 276,057,896 | −1.1% | |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | 11.5% | 12.8% | 12.3% | 9.6% | 11.4% | 14.8% | +3.4 pts | |
| Net margin | 8.6% | 10.6% | 11.8% | 1.1% | 7.7% | 9.7% | +1.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
