| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.0 | 0.0 | 0.0 | 3.1 | 13.9 | 1.7 | −87.8% | |
| Cost of revenue | 0.0 | 0.0 | 0.0 | 1.3 | 4.2 | 0.5 | −89.2% | |
| Gross profit | (0.0) | (0.0) | (0.0) | 1.8 | 9.6 | 1.2 | −87.0% | |
| Research & development | 1.9 | 3.8 | 4.1 | 2.0 | 1.7 | 1.6 | −7.4% | |
| Selling, general & administrative | 1.0 | 2.1 | 2.7 | 6.7 | 6.6 | 4.7 | −29.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 2.9 | 5.9 | 6.9 | 8.7 | 8.4 | 6.9 | −17.8% | |
| Operating income | (2.9) | (5.9) | (6.9) | (7.0) | 1.2 | (5.7) | −581.2% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | −18.6% | |
| Other income / expense | 0.0 | 0.0 | (0.1) | 0.1 | 0.1 | (3.7) | −3284.9% | |
| Pre-tax income | (2.9) | (5.9) | (6.9) | (6.9) | 1.3 | (9.3) | −822.4% | |
| Income tax | (0.5) | (0.9) | (1.0) | (0.4) | (0.0) | (0.3) | −11678.3% | |
| Net income | (2.4) | (5.0) | (5.8) | (6.5) | 1.3 | (9.1) | −801.5% | |
| 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) | (0.01) | (0.02) | (0.02) | (0.02) | 0.00 | (0.03) | −746.5% | |
| EPS, diluted (per share) | (0.01) | (0.02) | (0.02) | (0.02) | 0.00 | (0.03) | −761.9% | |
| EBITDA | (2.9) | (5.8) | (6.8) | (6.8) | 1.4 | (5.5) | −491.9% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | +0.1% | |
| Weighted average shares (shares) | 243,721,303 | 271,046,179 | 287,478,055 | 301,405,950 | 302,117,963 | 325,965,606 | +7.9% | |
| Weighted average diluted shares (shares) | 243,721,303 | 271,046,179 | 287,478,055 | 301,405,950 | 310,767,764 | 325,965,606 | +4.9% | |
| Gross margin | — | — | — | 57.2% | 68.7% | 73.1% | +4.4 pts | |
| Operating margin | — | — | — | −224.6% | 8.4% | −333.5% | −341.9 pts | |
| Net margin | — | — | — | −210.0% | 9.3% | −534.6% | −543.9 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
