| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.5 | 4.6 | 5.0 | 5.5 | 6.1 | 6.9 | +12.8% | |
| Cost of revenue | 2.3 | 2.6 | 2.8 | 3.1 | 3.5 | 3.8 | +10.7% | |
| Gross profit | 1.2 | 2.0 | 2.2 | 2.4 | 2.6 | 3.1 | +15.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.8 | 1.1 | 1.2 | 1.5 | 1.5 | 1.8 | +14.7% | |
| Selling & marketing | 0.6 | 0.7 | 0.8 | 0.8 | 0.9 | 1.0 | +16.9% | |
| Operating expenses | 0.8 | 1.1 | 1.3 | 1.4 | 1.6 | 1.8 | +13.4% | |
| Operating income | 0.4 | 0.9 | 0.9 | 1.0 | 1.1 | 1.3 | +18.8% | |
| Interest expense | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | +0.6% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +34.1% | |
| Other income / expense | (0.1) | (0.1) | (0.1) | 0.0 | (0.1) | (0.1) | +4.3% | |
| Pre-tax income | 0.3 | 0.8 | 0.9 | 1.0 | 1.0 | 1.2 | +20.8% | |
| Income tax | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | 0.3 | +20.8% | |
| Net income | 0.3 | 0.7 | 0.7 | 0.8 | 0.7 | 0.9 | +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) | 2.23 | 5.31 | 5.73 | 6.62 | 6.15 | 7.60 | +23.6% | |
| EPS, diluted (per share) | 2.22 | 5.24 | 5.71 | 6.55 | 6.06 | 7.45 | +22.9% | |
| EBITDA | 0.7 | 1.1 | 1.2 | 1.3 | 1.4 | 1.6 | +16.5% | |
| Depreciation & amortization | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 | 0.3 | +7.6% | |
| Weighted average shares (shares) | 128,400,000 | 127,600,000 | 124,100,000 | 122,320,475 | 120,500,000 | 116,893,000 | −3.0% | |
| Weighted average diluted shares (shares) | 129,199,999 | 129,300,000 | 124,700,000 | 122,400,000 | 122,500,000 | 119,198,000 | −2.7% | |
| Gross margin | 35.1% | 42.9% | 43.8% | 44.1% | 43.2% | 44.2% | +1.1 pts | |
| Operating margin | 12.6% | 19.6% | 18.7% | 18.0% | 17.6% | 18.5% | +0.9 pts | |
| Net margin | 8.1% | 14.6% | 14.1% | 14.6% | 12.0% | 12.9% | +0.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
