| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215.6 | 266.9 | 259.3 | 276.1 | 299.3 | 332.8 | +11.2% | |
| Cost of revenue | 62.6 | 72.2 | 78.1 | 76.8 | 86.4 | 110.6 | +28.0% | |
| Gross profit | 153.0 | 194.7 | 181.2 | 199.3 | 212.9 | 222.2 | +4.4% | |
| Research & development | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 43.3 | 39.6 | 32.7 | 44.6 | 44.8 | 0.0 | −100.0% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 33.7 | 20.4 | (46.6) | 44.6 | 44.8 | 69.2 | +54.5% | |
| Operating income | 119.3 | 174.3 | 227.8 | 154.7 | 168.1 | 153.0 | −9.0% | |
| Interest expense | 55.3 | 47.9 | 41.7 | 31.8 | 32.3 | 22.9 | −29.1% | |
| Interest income | 5.6 | 36.1 | 0.2 | 5.6 | 20.8 | 6.1 | −70.7% | |
| Other income / expense | (239.1) | 180.2 | 49.8 | (52.2) | 275.9 | (55.3) | −120.0% | |
| Pre-tax income | (108.5) | 220.7 | 277.6 | 102.5 | 444.0 | 97.7 | −78.0% | |
| Income tax | 2.1 | (1.4) | 1.6 | (1.1) | 2.2 | 0.1 | −95.5% | |
| Net income | (121.0) | 342.4 | 350.5 | 102.5 | 441.9 | 97.6 | −77.9% | |
| 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) | (0.32) | 0.86 | 0.89 | 0.25 | 0.96 | 0.20 | −79.2% | |
| EPS, diluted (per share) | (0.32) | 0.86 | 0.89 | 0.25 | 0.96 | 0.20 | −79.2% | |
| EBITDA | 128.5 | 182.1 | 401.4 | 146.8 | 482.0 | 127.5 | −73.5% | |
| Depreciation & amortization | 9.2 | 7.8 | 7.8 | 6.2 | 5.7 | 6.9 | +21.1% | |
| Weighted average shares (shares) | 381,379,000 | 398,742,000 | 399,581,000 | 415,733,000 | 459,833,506 | 489,258,000 | +6.4% | |
| Weighted average diluted shares (shares) | 381,379,000 | 399,571,000 | 400,165,000 | 416,898,000 | 460,056,000 | 490,016,000 | +6.5% | |
| Gross margin | 71.0% | 72.9% | 69.9% | 72.2% | 71.1% | 66.8% | −4.4 pts | |
| Operating margin | 55.3% | 65.3% | 87.9% | 56.0% | 56.2% | 46.0% | −10.2 pts | |
| Net margin | −56.1% | 128.3% | 135.2% | 37.1% | 147.6% | 29.3% | −118.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
