| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.2 | 224.5 | (300.7) | (2.3) | 94.5 | (6.3) | −106.7% | |
| Cost of revenue | 8.0 | 11.5 | 5.1 | 9.2 | 3.9 | 1.7 | −56.5% | |
| Gross profit | 2.3 | 213.0 | (305.8) | (11.5) | 87.3 | (8.0) | −109.2% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.9 | 1.1 | 0.9 | 0.8 | 1.0 | 1.1 | +8.2% | |
| Selling & marketing | 0.2 | 0.2 | 0.2 | 0.1 | 0.2 | 0.2 | −9.1% | |
| Operating expenses | 7.2 | 1.1 | 0.9 | 0.8 | 0.9 | 0.9 | −4.8% | |
| Operating income | 50.8 | 223.4 | (294.8) | (15.6) | 86.3 | (8.9) | −110.4% | |
| Interest expense | 0.4 | 0.5 | 1.1 | 3.0 | 3.9 | 0.1 | −98.3% | |
| Interest income | 0.1 | 0.0 | 0.8 | 1.7 | 2.2 | 15.6 | +622.0% | |
| Other income / expense | (0.2) | 0.1 | (0.7) | (0.2) | (0.1) | (0.0) | +75.6% | |
| Pre-tax income | 50.8 | 223.4 | (295.9) | (15.8) | 86.3 | (9.0) | −110.4% | |
| Income tax | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.1 | +174.1% | |
| Net income | 50.8 | 223.3 | (295.9) | (15.7) | 86.3 | (9.0) | −110.5% | |
| 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) | 0.62 | 2.37 | (3.14) | (0.16) | 0.94 | (0.11) | −111.7% | |
| EPS, diluted (per share) | 0.62 | 2.37 | (3.14) | (0.16) | 0.94 | (0.11) | −111.7% | |
| EBITDA | 51.1 | 223.4 | (295.2) | (3.1) | 86.5 | (8.9) | −110.3% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 12.4 | 0.0 | 0.0 | — | |
| Weighted average shares (shares) | 81,902,632 | 94,190,181 | 94,190,181 | 99,704,909 | 91,924,583 | 78,793,175 | −14.3% | |
| Weighted average diluted shares (shares) | 81,902,632 | 94,190,181 | 94,190,181 | 99,704,909 | 91,924,583 | 78,793,175 | −14.3% | |
| Gross margin | 22.4% | 94.9% | 101.7% | 493.5% | 92.4% | 126.9% | +34.6 pts | |
| Operating margin | 496.3% | 99.5% | 98.0% | 666.7% | 91.4% | 141.1% | +49.8 pts | |
| Net margin | 495.9% | 99.5% | 98.4% | 675.1% | 91.3% | 142.8% | +51.5 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
