| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 196.9 | 131.0 | 80.0 | 85.8 | 91.3 | 143.5 | +57.1% | |
| Cost of revenue | 0.0 | 33.2 | 0.0 | 41.9 | 46.5 | 4.1 | −91.2% | |
| Gross profit | 196.9 | 97.9 | 80.0 | 44.0 | 44.9 | 139.4 | +210.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 54.9 | 78.3 | 48.8 | 51.3 | 34.0 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 48.3 | 50.6 | 0.0 | 0.0 | — | |
| Operating expenses | 54.9 | 78.3 | 81.5 | 46.2 | 47.4 | 116.0 | +144.4% | |
| Operating income | 141.9 | 52.7 | (1.5) | (2.2) | (2.6) | 23.4 | +1006.0% | |
| Interest expense | 2.1 | 1.7 | 0.0 | 2.2 | 2.1 | 2.1 | +0.5% | |
| Interest income | 0.0 | 0.0 | 0.7 | 1.1 | 1.5 | 1.0 | −33.2% | |
| Other income / expense | (21.8) | (11.5) | (1.4) | (1.1) | (0.9) | (2.3) | −153.0% | |
| Pre-tax income | 120.1 | 41.2 | (1.5) | (3.3) | (3.5) | 21.1 | +703.4% | |
| Income tax | 1.5 | 5.3 | (0.2) | (0.1) | 0.1 | 6.2 | +7356.6% | |
| Net income | 3.7 | 11.0 | (1.3) | (3.2) | (2.7) | 14.9 | +646.7% | |
| 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) | 0.03 | 0.09 | (0.01) | (0.03) | (0.02) | 0.13 | +655.6% | |
| EPS, diluted (per share) | 0.03 | 0.09 | (0.01) | (0.03) | (0.02) | 0.12 | +612.8% | |
| EBITDA | 125.5 | 47.0 | 5.1 | 2.1 | 3.0 | 27.3 | +798.6% | |
| Depreciation & amortization | 3.6 | 4.2 | 4.3 | 4.4 | 4.4 | 4.1 | −8.0% | |
| Weighted average shares (shares) | 122,807,085 | 122,807,085 | 119,206,492 | 117,072,635 | 116,352,608 | 115,552,212 | −0.7% | |
| Weighted average diluted shares (shares) | 122,807,085 | 122,807,085 | 120,802,519 | 117,069,636 | 116,352,608 | 127,760,399 | +9.8% | |
| Gross margin | 100.0% | 74.7% | 100.0% | 51.2% | 49.1% | 97.2% | +48.0 pts | |
| Operating margin | 72.1% | 40.2% | −1.9% | −2.6% | −2.8% | 16.3% | +19.1 pts | |
| Net margin | 1.9% | 8.4% | −1.7% | −3.7% | −3.0% | 10.4% | +13.4 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
