| EUR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.3 | 2.6 | 3.3 | 3.6 | 3.5 | 3.3 | −5.2% | |
| Cost of revenue | 1.7 | 2.0 | 2.6 | 2.7 | 2.6 | 2.6 | −1.5% | |
| Gross profit | 0.6 | 0.6 | 0.8 | 0.9 | 0.8 | 0.7 | −16.6% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | −31.6% | |
| Selling, general & administrative | 0.3 | 0.3 | 0.4 | 0.5 | 0.6 | 0.4 | −22.1% | |
| Selling & marketing | 0.1 | 0.1 | 0.1 | 0.2 | 0.1 | 0.0 | −100.0% | |
| Operating expenses | 0.3 | 0.4 | 0.4 | 0.6 | 0.6 | 0.4 | −29.5% | |
| Operating income | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.3 | +7.9% | |
| Interest expense | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | −11.9% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −66.5% | |
| Other income / expense | 0.0 | 0.1 | (0.1) | (0.1) | (0.1) | (0.2) | −106.0% | |
| Pre-tax income | 0.0 | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | −37.2% | |
| Income tax | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.0 | −27.4% | |
| Net income | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | −40.5% | |
| 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) | 0.51 | 5.10 | 3.31 | 3.50 | 3.01 | 1.79 | −40.5% | |
| EPS, diluted (per share) | 0.50 | 5.05 | 3.26 | 3.42 | 2.94 | 1.74 | −40.8% | |
| EBITDA | 0.3 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | +4.9% | |
| Depreciation & amortization | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.2 | +2.7% | |
| Weighted average shares (shares) | 49,075,426 | 47,629,647 | 47,000,708 | 48,128,654 | 47,170,570 | 47,271,556 | +0.2% | |
| Weighted average diluted shares (shares) | 49,438,945 | 48,149,193 | 47,794,010 | 48,093,218 | 48,325,218 | 48,577,617 | +0.5% | |
| Gross margin | 24.4% | 22.9% | 23.0% | 24.0% | 24.3% | 21.4% | −2.9 pts | |
| Operating margin | 8.9% | 8.7% | 10.4% | 8.6% | 8.4% | 9.5% | +1.2 pts | |
| Net margin | 1.1% | 9.5% | 4.7% | 4.6% | 4.1% | 2.6% | −1.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in GBP.
