| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 33.0 | 3.2 | 0.2 | 12.7 | 15.5 | 23.0 | +48.6% | |
| Cost of revenue | 0.2 | 0.3 | 0.2 | 0.9 | 0.9 | 0.8 | −17.0% | |
| Gross profit | 32.8 | 2.9 | (0.0) | 11.8 | 14.6 | 22.3 | +52.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.0 | −100.0% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | +9.2% | |
| Operating income | 32.3 | 2.4 | (0.5) | 11.3 | 14.1 | 21.7 | +54.4% | |
| Interest expense | 0.2 | 0.3 | 0.2 | 0.9 | 0.9 | 0.9 | −2.1% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 6.7 | +4481.5% | |
| Other income / expense | 0.0 | (0.3) | (0.3) | (0.9) | (0.9) | (0.9) | +4.0% | |
| Pre-tax income | 32.3 | 2.4 | (0.5) | 11.3 | 14.1 | 20.8 | +48.0% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −93.8% | |
| Net income | 32.3 | 2.4 | (0.6) | 11.2 | 14.0 | 20.8 | +48.3% | |
| 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) | 0.28 | 0.02 | (0.01) | 0.10 | 0.12 | 0.18 | +50.0% | |
| EPS, diluted (per share) | 0.28 | 0.02 | (0.01) | 0.10 | 0.12 | 0.18 | +50.0% | |
| EBITDA | 32.3 | 2.4 | (0.5) | 11.3 | 14.1 | 21.7 | +54.5% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 116,451,266 | 115,881,403 | 115,827,704 | 114,734,272 | 114,156,746 | 116,488,000 | +2.0% | |
| Weighted average diluted shares (shares) | 116,451,266 | 115,881,403 | 115,827,704 | 114,734,272 | 114,156,746 | 116,488,000 | +2.0% | |
| Gross margin | 99.3% | 91.8% | −7.2% | 92.9% | 94.0% | 96.6% | +2.7 pts | |
| Operating margin | 97.9% | 75.8% | −258.9% | 88.8% | 90.8% | 94.3% | +3.5 pts | |
| Net margin | 97.8% | 75.1% | −281.6% | 88.6% | 90.6% | 90.4% | −0.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
