FRA:4R0 Income Statement

Financials in millions GBP. Fiscal year is January - December.

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	204.69	183.19	169.67	198.6	133.66	113.86
Revenue Growth (YoY)	22.01%	7.97%	-14.57%	48.59%	17.39%	118.70%
Cost of Revenue	87.4	77.8	79.19	74.79	60.47	66.98
Gross Profit	117.3	105.4	90.48	123.81	73.2	46.88
Selling, General & Admin	173.33	156.53	154.96	141.36	161.75	71.39
Research & Development	96.17	98.47	103.24	59.3	75.98	48.55
Other Operating Expenses	-3.27	2.73	0.89	21.63	-	-
Operating Expenses	266.23	257.73	259.09	222.29	237.73	119.94
Operating Income	-148.93	-152.33	-168.61	-98.48	-164.53	-73.06
Interest Expense	-2.97	-3.57	-2.21	-1.63	-0.91	-0.75
Interest & Investment Income	13.44	14.84	18.85	5.94	0.22	0.09
Earnings From Equity Investments	-0.02	-0.02	-0.23	-0.24	-0.06	-
Currency Exchange Gain (Loss)	-0.15	-0.15	2.13	-5.43	0.5	0.56
Other Non Operating Income (Expenses)	0.1	-	-	-	-	-
EBT Excluding Unusual Items	-138.53	-141.23	-150.07	-99.84	-164.78	-73.15
Gain (Loss) on Sale of Investments	5.17	1.27	0.3	-2.19	-1.23	-
Gain (Loss) on Sale of Assets	-	-	-	18.62	-	-
Pretax Income	-137.56	-139.96	-149.77	-83.41	-166	-73.15
Income Tax Expense	5.73	6.23	4.74	7.61	1.61	-11.91
Net Income	-143.29	-146.19	-154.51	-91.03	-167.61	-61.24
Net Income to Common	-143.29	-146.19	-154.51	-91.03	-167.61	-61.24
Shares Outstanding (Basic)	946	898	834	824	732	705
Shares Outstanding (Diluted)	946	898	834	824	732	705
Shares Change (YoY)	11.12%	7.66%	1.24%	12.54%	3.77%	21.23%
EPS (Basic)	-0.15	-0.16	-0.19	-0.11	-0.23	-0.09
EPS (Diluted)	-0.15	-0.16	-0.19	-0.11	-0.23	-0.09
Free Cash Flow	-109.93	-123.83	-143.21	-72.46	-74.74	-79.54
Free Cash Flow Per Share	-0.12	-0.14	-0.17	-0.09	-0.10	-0.11
Gross Margin	57.30%	57.53%	53.33%	62.34%	54.76%	41.17%
Operating Margin	-72.76%	-83.16%	-99.38%	-49.59%	-123.10%	-64.17%
Profit Margin	-70.00%	-79.80%	-91.06%	-45.83%	-125.40%	-53.79%
Free Cash Flow Margin	-53.70%	-67.59%	-84.41%	-36.48%	-55.92%	-69.86%
EBITDA	-134.53	-138.63	-150.43	-82.46	-151.59	-62.94
EBITDA Margin	-65.72%	-75.67%	-88.66%	-41.52%	-113.42%	-55.27%
D&A For EBITDA	14.41	13.71	18.18	16.02	12.94	10.13
EBIT	-148.93	-152.33	-168.61	-98.48	-164.53	-73.06
EBIT Margin	-72.76%	-83.16%	-99.38%	-49.59%	-123.10%	-64.17%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.