| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24.4 | 24.7 | 29.3 | 30.3 | 31.4 | 32.7 | +4.1% | |
| Cost of revenue | 7.9 | 8.2 | 9.6 | 8.6 | 9.0 | 9.0 | −0.3% | |
| Gross profit | 16.4 | 16.5 | 19.8 | 21.8 | 22.3 | 23.7 | +5.9% | |
| Research & development | 4.8 | 5.0 | 5.5 | 6.2 | 6.4 | 7.5 | +17.6% | |
| Selling, general & administrative | 7.4 | 7.1 | 8.4 | 9.4 | 11.0 | 9.1 | −17.5% | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 10.4 | 12.2 | 13.3 | 15.0 | 18.3 | 15.3 | −16.4% | |
| Operating income | 6.0 | 4.4 | 6.4 | 6.7 | 4.0 | 8.3 | +107.4% | |
| Interest expense | 0.9 | 0.8 | 0.9 | 0.8 | 0.7 | 0.7 | +4.5% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.0 | 0.1 | 0.1 | −16.9% | |
| Other income / expense | (0.8) | (0.8) | (0.8) | (0.7) | (0.5) | (0.9) | −72.2% | |
| Pre-tax income | 5.2 | 3.6 | 5.6 | 6.1 | 3.5 | 7.4 | +112.9% | |
| Income tax | 0.1 | 0.1 | 0.7 | 0.8 | 0.5 | 1.1 | +111.4% | |
| Net income | 5.7 | 4.4 | 15.0 | 4.9 | 2.6 | 5.7 | +122.0% | |
| Discontinued operations | 1.3 | 1.6 | 10.7 | 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) | 2.88 | 2.74 | 7.44 | 2.44 | 1.26 | 2.82 | +123.8% | |
| EPS, diluted (per share) | 2.86 | 2.70 | 7.32 | 2.40 | 1.24 | 2.78 | +124.2% | |
| EBITDA | 8.1 | 6.5 | 8.6 | 9.1 | 6.7 | 10.4 | +56.0% | |
| Depreciation & amortization | 2.1 | 2.1 | 2.1 | 2.3 | 2.6 | 2.3 | −9.3% | |
| Weighted average shares (shares) | 1,990,400,000 | 1,601,200,000 | 2,013,000,000 | 2,026,000,000 | 2,038,500,000 | 2,025,500,000 | −0.6% | |
| Weighted average diluted shares (shares) | 2,015,200,000 | 1,620,800,000 | 2,042,000,000 | 2,055,500,000 | 2,071,000,000 | 2,058,500,000 | −0.6% | |
| Gross margin | 67.4% | 66.9% | 67.4% | 71.8% | 71.2% | 72.4% | +1.2 pts | |
| Operating margin | 24.6% | 17.6% | 21.9% | 22.2% | 12.8% | 25.5% | +12.7 pts | |
| Net margin | 23.6% | 17.8% | 51.0% | 16.2% | 8.2% | 17.5% | +9.3 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in GBP; the shares trade in USD.
