| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 546.1 | 713.4 | 316.3 | 542.3 | 644.9 | 629.2 | −2.4% | |
| Cost of revenue | 17.9 | 11.1 | 14.0 | 17.3 | 19.2 | 21.2 | +10.4% | |
| Gross profit | 546.1 | 957.5 | 297.2 | 525.1 | 625.7 | 608.1 | −2.8% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 3.2 | 3.3 | 5.3 | 5.7 | 5.7 | 4.6 | −19.8% | |
| Selling & marketing | 1.1 | 1.1 | 3.0 | 3.4 | 3.3 | 2.1 | −37.5% | |
| Operating expenses | 20.7 | 3.6 | 5.6 | 22.4 | 5.8 | (98.4) | −1791.4% | |
| Operating income | 525.4 | 934.2 | (455.2) | 561.9 | 1,023.2 | 706.5 | −31.0% | |
| Interest expense | 9.4 | 11.1 | 14.0 | 13.8 | 13.7 | 13.8 | +0.8% | |
| Interest income | 0.1 | 0.0 | 2.0 | 8.1 | 2.9 | 113.2 | +3818.5% | |
| Other income / expense | (10.8) | (7.0) | (25.3) | (14.9) | (9.5) | (27.8) | −192.1% | |
| Pre-tax income | 514.6 | 927.2 | (480.4) | 547.0 | 1,013.7 | 678.7 | −33.0% | |
| Income tax | 7.5 | 7.9 | 10.9 | 14.2 | 13.9 | 13.8 | −0.7% | |
| Net income | 507.1 | 919.3 | (491.4) | 532.8 | 999.8 | 664.9 | −33.5% | |
| 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) | 0.24 | 0.43 | (0.24) | 0.26 | 0.50 | 0.35 | −30.3% | |
| EPS, diluted (per share) | 0.24 | 0.43 | (0.23) | 0.26 | 0.50 | 0.35 | −30.3% | |
| EBITDA | 525.6 | 934.4 | (480.4) | 561.9 | 1,023.2 | 692.5 | −32.3% | |
| Depreciation & amortization | 0.0 | 0.0 | 455.5 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 2,162,565,344 | 2,128,786,172 | 2,086,107,524 | 2,063,567,152 | 1,988,452,760 | 1,919,390,492 | −3.5% | |
| Weighted average diluted shares (shares) | 2,162,565,344 | 2,128,786,172 | 2,128,786,172 | 2,063,567,152 | 1,988,452,760 | 1,919,340,000 | −3.5% | |
| Gross margin | 100.0% | 134.2% | 94.0% | 96.8% | 97.0% | 96.6% | −0.4 pts | |
| Operating margin | 96.2% | 130.9% | −143.9% | 103.6% | 158.7% | 112.3% | −46.4 pts | |
| Net margin | 92.9% | 128.9% | −155.4% | 98.2% | 155.0% | 105.7% | −49.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
