| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 159.7 | 334.9 | 432.7 | 84.8 | 74.7 | 70.1 | −6.1% | |
| Cost of revenue | 186.0 | 218.6 | 200.2 | 55.0 | 69.7 | 74.0 | +6.2% | |
| Gross profit | (26.3) | 116.3 | 232.5 | 29.8 | 5.0 | (3.9) | −177.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 11.4 | 12.4 | 19.2 | 12.4 | 13.3 | 9.1 | −31.6% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 15.0 | 14.0 | 21.1 | 38.8 | 57.4 | 11.2 | −80.4% | |
| Operating income | (62.0) | 97.6 | 211.9 | (19.2) | (52.4) | (15.1) | +71.2% | |
| Interest expense | 31.5 | 26.3 | 25.9 | 24.8 | 18.5 | 10.4 | −43.9% | |
| Interest income | 2.0 | 0.2 | 6.7 | 14.6 | 12.4 | 9.1 | −26.5% | |
| Other income / expense | (52.2) | (31.0) | (24.5) | (9.1) | (9.7) | 2.1 | +122.1% | |
| Pre-tax income | (416.7) | (307.8) | (7.1) | (28.3) | (62.1) | (13.0) | +79.1% | |
| Income tax | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | +2.1% | |
| Net income | (416.9) | (308.0) | (7.3) | (61.3) | (76.9) | (9.1) | +88.2% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | (32.8) | (14.7) | 4.0 | +127.1% | |
| Other net income adjustments | 0.0 | 0.0 | (129.2) | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (1.52) | (1.11) | (0.03) | (0.22) | (0.28) | (0.03) | +88.2% | |
| EPS, diluted (per share) | (1.52) | (1.11) | (0.03) | (0.22) | (0.28) | (0.03) | +88.2% | |
| EBITDA | (212.1) | (106.2) | 300.0 | 43.2 | 8.3 | 37.2 | +347.8% | |
| Depreciation & amortization | 153.7 | 175.3 | 152.0 | 46.7 | 52.2 | 52.3 | +0.1% | |
| Weighted average shares (shares) | 274,202,853 | 276,408,652 | 278,654,909 | 283,464,405 | 276,223,685 | 275,454,531 | −0.3% | |
| Weighted average diluted shares (shares) | 274,202,853 | 276,408,652 | 278,654,909 | 278,836,216 | 276,223,685 | 275,454,531 | −0.3% | |
| Gross margin | −16.5% | 34.7% | 53.7% | 35.1% | 6.7% | −5.5% | −12.2 pts | |
| Operating margin | −38.8% | 29.1% | 49.0% | −22.6% | −70.1% | −21.5% | +48.6 pts | |
| Net margin | −261.1% | −92.0% | −1.7% | −72.3% | −102.9% | −13.0% | +90.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in USD; the shares trade in GBP.
