| USD millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 108.4 | 301.4 | 460.1 | 123.5 | 151.2 | 168.3 | +11.3% | |
| Cost of revenue | 121.5 | 111.7 | 160.6 | 115.3 | 130.7 | 148.0 | +13.2% | |
| Gross profit | (13.1) | 189.7 | 299.5 | 8.2 | 20.5 | 20.3 | −1.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 20.3 | 15.1 | 27.9 | 7.8 | 8.4 | 6.8 | −18.8% | |
| Selling & marketing | 8.0 | 1.4 | 15.7 | 32.1 | (3.8) | 0.0 | +100.0% | |
| Operating expenses | 20.3 | 15.1 | 26.0 | 21.2 | 15.8 | 6.8 | −57.0% | |
| Operating income | (33.4) | 174.6 | 273.5 | (13.0) | 4.7 | 13.5 | +187.1% | |
| Interest expense | 11.4 | 11.4 | 7.7 | 1.8 | 1.7 | 0.2 | −88.7% | |
| Interest income | 1.3 | 0.4 | 0.6 | 3.8 | 4.1 | 2.8 | −32.0% | |
| Other income / expense | (13.7) | (10.9) | (7.8) | 1.7 | 3.2 | 1.5 | −53.3% | |
| Pre-tax income | (47.0) | 163.7 | 265.8 | (11.4) | 7.9 | 15.0 | +90.4% | |
| Income tax | 0.3 | (0.9) | (0.3) | 0.1 | 0.7 | (0.5) | −167.5% | |
| Net income | (47.3) | 164.6 | 266.1 | (11.5) | 7.2 | 15.5 | +115.9% | |
| 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) | (0.22) | 0.77 | 1.24 | (0.05) | 0.03 | 0.07 | +131.2% | |
| EPS, diluted (per share) | (0.22) | 0.73 | 1.19 | (0.05) | 0.03 | 0.07 | +117.2% | |
| EBITDA | 48.9 | 230.2 | 355.2 | 32.4 | 88.3 | 96.3 | +9.1% | |
| Depreciation & amortization | 83.1 | 55.1 | 81.7 | 42.1 | 78.7 | 82.8 | +5.2% | |
| Weighted average shares (shares) | 210,893,000 | 213,384,000 | 224,325,000 | 217,992,000 | 228,690,000 | 217,005,000 | −5.1% | |
| Weighted average diluted shares (shares) | 210,893,000 | 225,346,000 | 224,329,000 | 217,992,000 | 228,094,000 | 226,562,000 | −0.7% | |
| Gross margin | −12.0% | 62.9% | 65.1% | 6.6% | 13.6% | 12.1% | −1.5 pts | |
| Operating margin | −30.8% | 57.9% | 59.5% | −10.6% | 3.1% | 8.0% | +4.9 pts | |
| Net margin | −43.7% | 54.6% | 57.8% | −9.3% | 4.7% | 9.2% | +4.4 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.
