| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 104.3 | 123.7 | 133.6 | 134.9 | 144.9 | 198.3 | +36.9% | |
| Cost of revenue | 3.4 | 4.6 | 5.1 | 3.9 | 3.0 | 9.2 | +206.7% | |
| Gross profit | 100.8 | 150.6 | 90.0 | 131.0 | 141.9 | 189.1 | +33.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 3.7 | 61.0 | 71.4 | 74.4 | 17.0 | 19.4 | +14.1% | |
| Selling & marketing | (2.0) | 1.5 | 2.6 | 33.1 | 0.0 | 0.0 | — | |
| Operating expenses | 176.2 | 59.0 | 77.9 | 74.7 | 84.9 | 383.4 | +351.6% | |
| Operating income | (75.4) | 63.2 | 53.6 | 56.3 | 57.0 | (194.3) | −440.9% | |
| Interest expense | 0.2 | 0.0 | 0.1 | 0.1 | 0.0 | 0.8 | — | |
| Interest income | 0.3 | 0.1 | 0.8 | 6.4 | 11.1 | 10.9 | −1.8% | |
| Other income / expense | 0.1 | 31.4 | (37.8) | 18.4 | 50.7 | 299.1 | +489.9% | |
| Pre-tax income | 52.3 | 94.6 | 15.8 | 74.7 | 107.7 | 104.8 | −2.7% | |
| Income tax | 6.8 | 43.5 | (28.2) | 24.8 | 55.6 | 53.5 | −3.8% | |
| Net income | 45.5 | 51.1 | 44.0 | 49.9 | 52.1 | 51.3 | −1.5% | |
| 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) | 0.14 | 0.15 | 0.13 | 0.15 | 0.16 | 0.16 | +0.0% | |
| EPS, diluted (per share) | 0.14 | 0.15 | 0.13 | 0.15 | 0.16 | 0.15 | −6.3% | |
| EBITDA | (72.8) | 97.9 | (130.5) | (153.7) | 110.1 | (191.4) | −273.8% | |
| Depreciation & amortization | 2.6 | 3.1 | 3.0 | 2.5 | 2.2 | 2.9 | +31.8% | |
| Weighted average shares (shares) | 331,200,000 | 331,000,000 | 330,900,000 | 330,800,000 | 330,600,000 | 330,400,000 | −0.1% | |
| Weighted average diluted shares (shares) | 331,300,000 | 331,300,000 | 331,300,000 | 331,300,000 | 331,300,000 | 331,000,000 | −0.1% | |
| Gross margin | 96.7% | 121.8% | 67.4% | 97.1% | 97.9% | 95.4% | −2.6 pts | |
| Operating margin | −72.3% | 51.1% | 40.1% | 41.7% | 39.3% | −98.0% | −137.3 pts | |
| Net margin | 43.6% | 41.3% | 32.9% | 37.0% | 36.0% | 25.9% | −10.1 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
