| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,627.7 | 3,223.7 | 5,694.0 | 912.0 | (1,655.0) | 216.0 | +113.1% | |
| Cost of revenue | 0.0 | 31.4 | (124.0) | (177.0) | (202.0) | (132.0) | +34.7% | |
| Gross profit | 4,645.2 | 2,489.9 | (5,611.0) | 1,089.0 | (1,655.0) | 348.0 | +121.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 6.8 | 5.0 | 4.0 | 4.0 | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 6.8 | 2,511.3 | (5,117.0) | 917.0 | (1,768.0) | 505.0 | +128.6% | |
| Operating income | 396.8 | 115.7 | (434.0) | 308.0 | 113.0 | (157.0) | −238.9% | |
| Interest expense | 159.0 | 136.8 | 132.7 | 122.0 | 241.0 | 245.0 | +1.7% | |
| Interest income | 0.0 | 572.1 | 132.7 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (160.1) | (137.1) | (60.0) | (1,675.0) | (241.0) | 39.0 | +116.2% | |
| Pre-tax income | 236.7 | (21.4) | (494.0) | 172.0 | 113.0 | (118.0) | −204.4% | |
| Income tax | 44.2 | (5.6) | (132.0) | 43.0 | 33.0 | (19.0) | −157.6% | |
| Net income | 193.6 | (35.4) | (376.0) | 129.0 | 80.0 | (99.0) | −223.7% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | (20.4) | (14.0) | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 0.16 | (0.08) | (0.36) | 0.11 | 0.07 | (0.11) | −268.2% | |
| EPS, diluted (per share) | 0.16 | (0.08) | (0.36) | 0.11 | 0.07 | (0.11) | −268.2% | |
| EBITDA | 419.5 | 140.0 | (431.0) | 299.0 | 358.0 | 134.0 | −62.6% | |
| Depreciation & amortization | 23.8 | 24.6 | 6.0 | 5.0 | 4.0 | 7.0 | +75.0% | |
| Weighted average shares (shares) | 1,030,700,000 | 1,033,700,000 | 1,032,000,000 | 1,032,000,000 | 1,040,000,000 | 1,042,000,000 | +0.2% | |
| Weighted average diluted shares (shares) | 1,041,800,000 | 1,033,700,000 | 1,032,000,000 | 1,049,000,000 | 1,040,000,000 | 1,042,000,000 | +0.2% | |
| Gross margin | 100.4% | 77.2% | −98.5% | 119.4% | 100.0% | 161.1% | +61.1 pts | |
| Operating margin | 8.6% | 3.6% | −7.6% | 33.8% | −6.8% | −72.7% | −65.9 pts | |
| Net margin | 4.2% | −1.1% | −6.6% | 14.1% | −4.8% | −45.8% | −41.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
