| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6 | 2.2 | 2.2 | 2.0 | 1.8 | 1.7 | −1.9% | |
| Cost of revenue | 1.0 | 1.3 | 1.5 | 1.2 | 1.1 | 1.1 | +2.8% | |
| Gross profit | 0.7 | 0.9 | 0.8 | 0.8 | 0.7 | 0.6 | −9.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 0.7 | 1.0 | 1.4 | 0.8 | 0.8 | 0.7 | −12.0% | |
| Selling & marketing | 0.4 | 0.4 | 0.4 | 0.3 | 0.2 | 0.2 | −6.7% | |
| Operating expenses | 1.2 | 1.1 | 0.9 | 1.0 | 0.8 | 0.7 | −20.8% | |
| Operating income | (0.3) | (0.0) | (0.2) | (0.2) | (0.1) | (0.0) | +76.0% | |
| Interest expense | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | +25.2% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −72.0% | |
| Other income / expense | (0.2) | (0.2) | (0.4) | (0.1) | (0.1) | (0.0) | +37.8% | |
| Pre-tax income | (0.5) | (0.2) | (0.5) | (0.3) | (0.2) | (0.1) | +65.7% | |
| Income tax | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | +73.9% | |
| Net income | (0.5) | (0.1) | (0.5) | (0.2) | (0.3) | 0.1 | +116.6% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | (0.1) | (0.1) | 0.1 | +180.9% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (0.55) | (0.13) | (0.44) | (0.19) | (0.24) | 0.04 | +116.2% | |
| EPS, diluted (per share) | (0.55) | (0.13) | (0.44) | (0.19) | (0.24) | 0.04 | +116.2% | |
| EBITDA | (0.4) | 0.0 | (0.3) | 0.0 | (0.0) | 0.1 | +212.8% | |
| Depreciation & amortization | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | +0.7% | |
| Weighted average shares (shares) | 970,646,554 | 1,099,043,113 | 1,239,485,253 | 1,296,925,602 | 1,368,632,773 | 1,387,523,768 | +1.4% | |
| Weighted average diluted shares (shares) | 970,646,554 | 1,099,043,113 | 1,239,485,253 | 1,296,925,602 | 1,368,632,773 | 1,387,523,768 | +1.4% | |
| Gross margin | 40.6% | 39.2% | 34.4% | 41.1% | 39.6% | 36.7% | −2.9 pts | |
| Operating margin | −19.1% | −0.5% | −7.8% | −9.1% | −8.4% | −2.1% | +6.4 pts | |
| Net margin | −33.0% | −6.3% | −24.1% | −12.1% | −18.6% | 3.2% | +21.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
