| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.1 | 0.7 | 0.4 | 0.2 | 0.5 | 1.2 | +146.8% | |
| Cost of revenue | 0.1 | 0.6 | 0.3 | 0.1 | 0.2 | 1.1 | +442.9% | |
| Gross profit | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.1 | −68.9% | |
| Research & development | 0.4 | 0.6 | 0.4 | 0.6 | 0.7 | 0.5 | −32.0% | |
| Selling, general & administrative | 1.1 | 1.5 | 4.9 | 1.2 | 0.8 | 2.8 | +252.9% | |
| Selling & marketing | 0.0 | 0.0 | 0.5 | (0.0) | 0.8 | 0.0 | −100.0% | |
| Operating expenses | 16.0 | 4.1 | 46.5 | 1.6 | 2.8 | 3.3 | +18.6% | |
| Operating income | (16.0) | (2.0) | (5.3) | (2.6) | (2.5) | (3.2) | −28.6% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +26.5% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Other income / expense | (0.0) | 0.0 | (41.0) | 1.0 | (2.3) | (0.0) | +99.4% | |
| Pre-tax income | (16.0) | (2.0) | (46.4) | (1.5) | (4.8) | (3.2) | +32.9% | |
| Income tax | (0.1) | (0.1) | (0.2) | (0.1) | (0.1) | (0.3) | −180.2% | |
| Net income | (15.8) | (1.9) | (46.2) | (1.4) | (4.7) | (2.9) | +37.7% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.01) | (0.00) | (0.01) | (0.00) | (0.00) | 0.00 | +163.6% | |
| EPS, diluted (per share) | (0.01) | (0.00) | (0.01) | (0.00) | (0.00) | 0.00 | +163.6% | |
| EBITDA | (16.0) | (2.0) | (46.3) | (1.5) | (4.7) | (3.1) | +35.2% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.2 | +97.2% | |
| Weighted average shares (shares) | 2,782,088,358 | 3,918,497,000 | 3,957,414,000 | 3,578,063,000 | 4,194,201,000 | 4,217,675,289 | +0.6% | |
| Weighted average diluted shares (shares) | 2,782,088,358 | 3,918,497,000 | 3,957,414,000 | 4,025,228,000 | 4,194,201,000 | 4,217,675,289 | +0.6% | |
| Gross margin | 0.1% | 14.5% | 22.2% | 34.6% | 57.8% | 7.3% | −50.6 pts | |
| Operating margin | −15,973.2% | −291.7% | −1,398.8% | −1,414.2% | −500.6% | −260.9% | +239.7 pts | |
| Net margin | −15,837.7% | −266.6% | −12,148.8% | −789.1% | −942.1% | −237.9% | +704.2 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
