| GBP billions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.4 | 18.4 | 21.7 | 19.9 | 18.4 | 18.0 | −2.2% | |
| Cost of revenue | 6.1 | 6.1 | 8.6 | 5.3 | 4.2 | 12.1 | +191.7% | |
| Gross profit | 12.4 | 12.4 | 13.0 | 14.6 | 14.2 | 5.9 | −58.7% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | −100.0% | |
| Selling, general & administrative | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling & marketing | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Operating expenses | 8.0 | 8.0 | 8.2 | 10.1 | 9.3 | 0.0 | −100.0% | |
| Operating income | 4.4 | 4.4 | 4.9 | 4.5 | 4.9 | 5.9 | +19.0% | |
| Interest expense | 0.7 | 1.1 | 1.4 | 1.3 | 1.4 | 1.3 | −4.2% | |
| Interest income | 0.0 | 0.1 | 0.1 | 0.1 | 0.3 | 0.3 | −20.5% | |
| Other income / expense | (0.9) | (0.9) | (1.3) | (1.4) | (1.3) | (1.6) | −26.2% | |
| Pre-tax income | 3.4 | 3.4 | 3.6 | 3.0 | 3.7 | 4.3 | +16.4% | |
| Income tax | 1.3 | 1.3 | 0.9 | 0.8 | 0.8 | 1.0 | +16.2% | |
| Net income | 2.4 | 2.4 | 7.8 | 2.3 | 2.9 | 3.3 | +13.5% | |
| Discontinued operations | 0.2 | 0.2 | 5.1 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | 3.01 | 3.13 | 9.55 | 2.85 | 3.04 | 3.35 | +10.2% | |
| EPS, diluted (per share) | 2.99 | 3.11 | 9.50 | 2.84 | 3.03 | 3.30 | +8.9% | |
| EBITDA | 6.4 | 6.4 | 7.3 | 6.8 | 7.6 | 7.9 | +2.8% | |
| Depreciation & amortization | 1.8 | 1.8 | 2.0 | 2.1 | 2.2 | 2.3 | +5.0% | |
| Weighted average shares (shares) | 783,145,400 | 783,145,600 | 796,201,600 | 803,382,400 | 941,400,000 | 989,200,000 | +5.1% | |
| Weighted average diluted shares (shares) | 786,844,600 | 786,844,800 | 799,900,800 | 807,081,600 | 945,800,000 | 994,200,000 | +5.1% | |
| Gross margin | 66.9% | 66.9% | 60.2% | 73.4% | 77.4% | 32.7% | −44.8 pts | |
| Operating margin | 23.7% | 23.7% | 22.5% | 22.5% | 26.8% | 32.7% | +5.8 pts | |
| Net margin | 12.8% | 12.8% | 36.0% | 11.5% | 15.8% | 18.3% | +2.5 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.
