| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 481.6 | 622.9 | 178.3 | 236.2 | 107.6 | 165.4 | +53.7% | |
| Cost of revenue | 2.7 | 2.3 | 2.4 | 1.0 | 3.5 | 29.9 | +754.3% | |
| Gross profit | 483.6 | 625.6 | 176.2 | 236.2 | 104.1 | 135.5 | +30.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.6 | 2.7 | 9.5 | 10.1 | 12.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 27.8 | 33.6 | 28.8 | 32.4 | 37.3 | 0.8 | −97.9% | |
| Operating income | 455.8 | 594.3 | 147.4 | 204.3 | 66.8 | 134.7 | +101.6% | |
| Interest expense | 0.0 | 2.3 | 2.4 | 10.6 | 3.5 | 2.7 | −22.9% | |
| Interest income | 0.1 | 0.1 | 4.6 | 5.7 | 12.9 | 75.5 | +485.3% | |
| Other income / expense | (0.4) | 0.7 | 1.8 | (2.9) | 4.4 | 1.4 | −68.2% | |
| Pre-tax income | 455.8 | 592.0 | 149.2 | 201.4 | 66.8 | 136.1 | +103.7% | |
| Income tax | (10.2) | (19.2) | 6.3 | (2.4) | 0.7 | 0.9 | +28.6% | |
| Net income | 466.0 | 611.2 | 142.9 | 203.8 | 66.1 | 135.2 | +104.5% | |
| 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) | 0.85 | 1.12 | 0.26 | 0.38 | 0.12 | 0.26 | +111.4% | |
| EPS, diluted (per share) | 0.84 | 1.10 | 0.26 | 0.37 | 0.12 | 0.26 | +114.9% | |
| EBITDA | 457.1 | 591.9 | 149.5 | 205.4 | 68.0 | 139.9 | +105.7% | |
| Depreciation & amortization | 1.1 | 1.2 | 1.1 | 1.1 | 1.2 | 1.1 | −8.3% | |
| Weighted average shares (shares) | 548,670,000 | 545,020,000 | 542,880,000 | 552,303,520 | 537,210,000 | 522,542,000 | −2.7% | |
| Weighted average diluted shares (shares) | 556,210,000 | 554,890,000 | 551,690,000 | 552,370,000 | 545,140,000 | 529,683,000 | −2.8% | |
| Gross margin | 100.4% | 100.4% | 98.8% | 100.0% | 96.7% | 81.9% | −14.8 pts | |
| Operating margin | 94.6% | 95.4% | 82.7% | 86.5% | 62.1% | 81.4% | +19.4 pts | |
| Net margin | 96.8% | 98.1% | 80.1% | 86.3% | 61.4% | 81.7% | +20.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
