| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 14.0 | 13.2 | 14.5 | 14.6 | 14.2 | 14.2 | +0.3% | |
| Cost of revenue | 5.6 | 5.5 | 6.1 | 5.8 | 5.6 | 5.7 | +2.5% | |
| Gross profit | 8.4 | 7.7 | 8.4 | 8.8 | 8.6 | 8.5 | −1.2% | |
| Research & development | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | −2.8% | |
| Selling, general & administrative | 5.0 | 4.7 | 4.6 | 5.1 | 4.8 | 4.8 | −1.5% | |
| Selling & marketing | 3.6 | 3.5 | 3.4 | 3.7 | 3.5 | 0.0 | −100.0% | |
| Operating expenses | 6.3 | 4.8 | 5.1 | 6.2 | 6.2 | 5.1 | −17.7% | |
| Operating income | 2.2 | (0.8) | 3.2 | 2.5 | 2.4 | 3.4 | +40.9% | |
| Interest expense | 0.3 | 0.3 | 0.3 | 0.3 | 0.4 | 0.4 | +11.7% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.0 | −27.9% | |
| Other income / expense | (0.3) | 0.5 | (0.2) | (0.1) | (0.3) | 0.4 | +231.5% | |
| Pre-tax income | 1.9 | (0.3) | 3.1 | 2.4 | 2.1 | 3.8 | +82.4% | |
| Income tax | 0.7 | 0.2 | 0.7 | 0.8 | 0.7 | 0.6 | −5.5% | |
| Net income | 1.2 | (0.0) | 2.3 | 1.6 | 1.4 | 3.2 | +123.1% | |
| Discontinued operations | 0.1 | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | +100.0% | |
| Other net income adjustments | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | (0.0) | — | |
| EPS, basic (per share) | 1.67 | (0.05) | 3.27 | 2.29 | 2.04 | 4.88 | +139.2% | |
| EPS, diluted (per share) | 1.66 | (0.05) | 3.26 | 2.29 | 2.03 | 4.87 | +139.9% | |
| EBITDA | 3.5 | 0.5 | 3.9 | 3.2 | 3.0 | 3.9 | +32.7% | |
| Depreciation & amortization | 0.5 | 0.4 | 0.6 | 0.5 | 0.5 | 0.5 | +8.2% | |
| Weighted average shares (shares) | 710,907,000 | 713,759,000 | 715,285,000 | 716,701,000 | 699,706,000 | 652,239,495 | −6.8% | |
| Weighted average diluted shares (shares) | 713,747,000 | 713,759,000 | 717,495,000 | 718,284,000 | 701,742,000 | 653,896,796 | −6.8% | |
| Gross margin | 60.3% | 58.1% | 57.8% | 60.0% | 60.7% | 59.8% | −0.9 pts | |
| Operating margin | 15.4% | −6.1% | 22.5% | 17.3% | 17.1% | 24.0% | +6.9 pts | |
| Net margin | 8.5% | −0.2% | 16.1% | 11.2% | 10.1% | 22.4% | +12.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
