| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 88.7 | 95.1 | (0.7) | (154.6) | (179.5) | 44.9 | +125.0% | |
| Cost of revenue | (145.5) | 19.0 | 0.0 | 0.0 | 0.0 | 0.5 | — | |
| Gross profit | 234.2 | 490.4 | (302.0) | (154.6) | (179.5) | 44.4 | +124.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 45.4 | 53.0 | 42.3 | 11.0 | 7.3 | 8.5 | +16.4% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 46.6 | 35.8 | 42.3 | 25.9 | 24.5 | 101.2 | +313.1% | |
| Operating income | 188.8 | 454.6 | (344.3) | (180.5) | (204.0) | (56.8) | +72.2% | |
| Interest expense | 16.7 | 19.0 | 13.4 | 5.6 | 6.7 | 6.4 | −4.5% | |
| Interest income | 0.9 | 0.4 | 2.2 | 14.5 | 16.7 | 10.2 | −38.9% | |
| Other income / expense | (2.7) | (5.2) | 0.8 | 4.2 | (2.7) | 121.6 | +4603.7% | |
| Pre-tax income | 186.1 | 454.6 | (343.5) | (176.3) | (206.7) | 64.8 | +131.3% | |
| Income tax | 0.7 | 5.3 | 1.0 | (1.9) | 0.3 | (2.1) | −800.0% | |
| Net income | 185.4 | 448.5 | (341.5) | (171.3) | (205.6) | 66.8 | +132.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.5 | (0.4) | (3.0) | 0.0 | +100.0% | |
| EPS, basic (per share) | 0.17 | 0.42 | (0.33) | (0.17) | (0.20) | 0.07 | +136.2% | |
| EPS, diluted (per share) | 0.17 | 0.42 | (0.33) | (0.17) | (0.20) | 0.07 | +135.5% | |
| EBITDA | 190.2 | 461.4 | (343.7) | (179.9) | (206.1) | 71.7 | +134.8% | |
| Depreciation & amortization | 1.4 | 1.6 | 0.6 | 0.6 | 0.6 | 0.5 | −16.7% | |
| Weighted average shares (shares) | 1,061,538,297 | 1,059,547,188 | 1,034,483,277 | 1,036,400,406 | 1,014,672,586 | 922,660,204 | −9.1% | |
| Weighted average diluted shares (shares) | 1,068,202,493 | 1,075,979,096 | 1,034,483,277 | 1,036,400,406 | 1,014,672,586 | 940,732,593 | −7.3% | |
| Gross margin | 264.0% | 515.7% | 43,142.9% | 100.0% | 100.0% | 98.9% | −1.1 pts | |
| Operating margin | 212.9% | 478.0% | 49,185.7% | 116.8% | 113.6% | −126.5% | −240.2 pts | |
| Net margin | 209.0% | 471.6% | 48,785.7% | 110.8% | 114.5% | 148.8% | +34.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
