| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 39.5 | 45.5 | 9.9 | (3.8) | 3.3 | 6.2 | +90.1% | |
| Cost of revenue | 3.6 | 3.7 | 1.2 | 0.0 | 0.5 | 0.4 | −16.1% | |
| Gross profit | 35.9 | 41.8 | 8.7 | (3.8) | 3.3 | 6.2 | +90.1% | |
| Research & development | 0.0 | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.9 | 0.8 | 0.4 | 0.5 | 0.7 | 0.8 | +12.8% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 4.2 | 1.0 | 1.5 | 0.5 | 0.7 | 0.8 | +12.2% | |
| Operating income | (59.4) | 156.7 | (355.6) | (4.3) | 2.6 | 5.4 | +108.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.2 | 0.0 | 0.0 | −88.6% | |
| Other income / expense | 0.0 | (0.4) | 1.3 | 4.3 | (0.0) | (0.0) | +72.4% | |
| Pre-tax income | (59.4) | 156.7 | (354.3) | 0.0 | 2.6 | 5.4 | +110.8% | |
| Income tax | 2.5 | 2.6 | 0.9 | 0.0 | 0.1 | 0.1 | +5.8% | |
| Net income | (61.8) | 154.2 | (355.6) | (0.0) | 2.5 | 5.4 | +113.0% | |
| 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) | (1.37) | 3.64 | (8.79) | (0.00) | 0.06 | 0.13 | +107.7% | |
| EPS, diluted (per share) | (1.37) | 3.64 | (8.79) | (0.00) | 0.06 | 0.13 | +107.7% | |
| EBITDA | (59.4) | 156.7 | (354.3) | (4.3) | 2.6 | 5.4 | +108.5% | |
| Depreciation & amortization | 59.4 | 0.0 | 355.6 | 0.0 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 45,203,552 | 42,299,517 | 40,478,765 | 40,436,176 | 40,436,176 | 40,436,176 | +0.0% | |
| Weighted average diluted shares (shares) | 45,203,549 | 42,299,516 | 40,478,765 | 40,436,176 | 40,436,176 | 40,436,176 | +0.0% | |
| Gross margin | 91.0% | 91.9% | 88.1% | 100.0% | 100.0% | 100.0% | +0.0 pts | |
| Operating margin | −150.4% | 344.8% | −3,602.2% | 113.9% | 79.9% | 87.6% | +7.7 pts | |
| Net margin | −156.5% | 339.2% | −3,602.2% | 0.2% | 77.4% | 86.7% | +9.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
