| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.8 | 2.4 | 2.8 | 3.6 | 3.8 | 3.6 | −4.4% | |
| Cost of revenue | 1.6 | 2.0 | 2.4 | 3.0 | 3.5 | 3.3 | −6.6% | |
| Gross profit | 0.3 | 0.4 | 0.4 | 0.5 | 0.3 | 0.4 | +22.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 0.2 | 0.2 | 0.2 | 0.3 | 0.2 | 0.2 | +9.0% | |
| Selling & marketing | 0.0 | 0.0 | (0.0) | (0.0) | 0.0 | 0.0 | — | |
| Operating expenses | 0.2 | 0.1 | 0.2 | 0.2 | 0.1 | 0.2 | +83.2% | |
| Operating income | 0.1 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | −22.5% | |
| Interest expense | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | +3.1% | |
| Interest income | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +38.8% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | (0.0) | (0.1) | 0.1 | +207.4% | |
| Pre-tax income | 0.1 | 0.3 | 0.2 | 0.3 | 0.1 | 0.2 | +87.0% | |
| Income tax | 0.0 | 0.1 | 0.0 | 0.1 | 0.0 | 0.1 | +91.4% | |
| Net income | 0.1 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | +85.2% | |
| 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) | 0.35 | 1.15 | 0.86 | 0.64 | 0.22 | 0.42 | +90.9% | |
| EPS, diluted (per share) | 0.35 | 1.14 | 0.86 | 0.64 | 0.22 | 0.42 | +90.9% | |
| EBITDA | 0.1 | 0.3 | 0.2 | 0.4 | 0.2 | 0.2 | −4.7% | |
| Depreciation & amortization | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | +0.7% | |
| Weighted average shares (shares) | 346,000,000 | 346,000,000 | 346,000,000 | 350,600,000 | 341,600,000 | 326,900,000 | −4.3% | |
| Weighted average diluted shares (shares) | 346,000,000 | 346,000,000 | 346,000,000 | 350,600,000 | 341,800,000 | 328,300,000 | −3.9% | |
| Gross margin | 14.2% | 18.5% | 14.9% | 15.3% | 7.7% | 9.9% | +2.2 pts | |
| Operating margin | 6.8% | 12.4% | 7.7% | 8.7% | 4.4% | 3.6% | −0.8 pts | |
| Net margin | 4.2% | 10.6% | 7.4% | 6.3% | 2.0% | 3.8% | +1.8 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
