| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 32.6 | 32.8 | 32.6 | 32.5 | 32.4 | 32.2 | −0.7% | |
| Cost of revenue | 26.4 | 26.8 | 26.5 | 25.8 | 25.6 | 25.2 | −1.8% | |
| Gross profit | 6.2 | 6.0 | 6.0 | 6.7 | 6.8 | 7.0 | +3.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 2.7 | 2.5 | 2.3 | 3.3 | 3.2 | 3.5 | +8.9% | |
| Selling & marketing | 2.3 | 2.1 | 2.0 | 2.3 | 2.4 | 2.5 | +3.6% | |
| Operating expenses | 3.4 | 2.9 | 2.7 | 3.3 | 3.2 | 3.5 | +8.9% | |
| Operating income | 2.7 | 3.1 | 3.4 | 3.4 | 3.6 | 3.5 | −1.8% | |
| Interest expense | 0.5 | 0.5 | 1.7 | 0.5 | 0.5 | 0.5 | −1.1% | |
| Interest income | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | +84.2% | |
| Other income / expense | (0.6) | 0.1 | (0.8) | (0.3) | (0.5) | (0.4) | +31.1% | |
| Pre-tax income | 2.2 | 3.2 | 2.6 | 3.1 | 3.0 | 3.1 | +3.3% | |
| Income tax | 0.6 | 0.3 | 0.9 | 0.7 | 0.3 | 0.9 | +222.0% | |
| Net income | 1.5 | 2.8 | 1.6 | 2.3 | 2.6 | 2.1 | −20.7% | |
| 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) | 1.58 | 3.00 | 1.66 | 2.52 | 3.01 | 2.51 | −16.6% | |
| EPS, diluted (per share) | 1.58 | 2.99 | 1.65 | 2.51 | 2.99 | 2.49 | −16.7% | |
| EBITDA | 3.6 | 4.6 | 4.9 | 4.2 | 4.1 | 4.4 | +5.5% | |
| Depreciation & amortization | 0.9 | 0.8 | 0.7 | 0.6 | 0.6 | 0.8 | +20.7% | |
| Weighted average shares (shares) | 944,400,000 | 945,000,000 | 946,200,000 | 922,500,000 | 869,000,000 | 824,800,000 | −5.1% | |
| Weighted average diluted shares (shares) | 945,800,000 | 947,500,000 | 953,000,000 | 928,200,000 | 873,900,000 | 830,600,000 | −5.0% | |
| Gross margin | 19.0% | 18.4% | 18.5% | 20.6% | 20.9% | 21.8% | +0.8 pts | |
| Operating margin | 8.4% | 9.6% | 10.3% | 10.5% | 11.0% | 10.8% | −0.1 pts | |
| Net margin | 4.6% | 8.6% | 4.8% | 7.2% | 8.1% | 6.4% | −1.6 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
