| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39.7 | 8.1 | (41.2) | 3.8 | 4.2 | 8.4 | +101.3% | |
| Cost of revenue | (2.3) | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | +3.1% | |
| Gross profit | 42.0 | 7.8 | (41.5) | 1.6 | 1.9 | 8.0 | +328.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.8 | 3.0 | 0.7 | 0.7 | 0.7 | 2.3 | +227.4% | |
| Selling & marketing | 0.6 | 0.8 | 0.5 | 0.3 | 0.3 | 0.3 | −7.4% | |
| Operating expenses | 2.8 | 2.1 | 2.5 | 2.0 | 1.8 | 1.6 | −10.9% | |
| Operating income | 38.6 | 6.3 | (42.4) | 1.4 | 1.8 | 6.4 | +258.2% | |
| Interest expense | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | +3.1% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.4 | 0.7 | 0.4 | −49.5% | |
| Other income / expense | (0.3) | (0.5) | (1.4) | (1.8) | (1.7) | (1.5) | +10.2% | |
| Pre-tax income | 38.3 | 5.7 | (43.8) | (0.4) | 0.1 | 6.4 | +7782.4% | |
| Income tax | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Net income | 38.3 | 5.7 | (43.8) | (0.4) | 0.1 | 6.4 | +7782.4% | |
| 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) | 1.17 | 0.18 | (1.42) | (0.01) | 0.00 | 0.24 | +7900.0% | |
| EPS, diluted (per share) | 1.17 | 0.18 | (1.42) | (0.01) | 0.00 | 0.24 | +7900.0% | |
| EBITDA | 38.6 | 5.7 | (1.7) | (0.5) | 1.2 | 6.4 | +439.8% | |
| Depreciation & amortization | 0.0 | 0.0 | 42.4 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 32,782,000 | 32,066,000 | 30,921,000 | 28,471,000 | 27,152,000 | 27,042,911 | −0.4% | |
| Weighted average diluted shares (shares) | 32,782,000 | 32,066,000 | 30,921,000 | 28,469,000 | 27,152,000 | 27,042,888 | −0.4% | |
| Gross margin | 105.8% | 96.1% | 100.8% | 41.4% | 45.1% | 96.1% | +50.9 pts | |
| Operating margin | 97.2% | 77.1% | 103.0% | 37.8% | 43.2% | 77.0% | +33.7 pts | |
| Net margin | 96.4% | 70.6% | 106.5% | −10.6% | 2.0% | 77.0% | +75.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
