Record Income Statement

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Other Revenues	0.44	0.36	-0.02	-	-
Revenue	40.1	41.62	45.38	44.69	35.15
Revenue Growth (YoY)	-3.65%	-8.29%	1.54%	27.13%	38.33%
Cost of Revenue	0.19	0.47	0.08	0.04	0.22
Gross Profit	39.91	41.14	45.3	44.65	34.93
Selling, General & Admin	30.38	30.85	30.75	29.89	23.73
Other Operating Expenses	-0.05	0	1.94	0.29	0.37
Operating Income	10.02	10.66	12.6	14.47	10.84
Interest Income	0.2	0.45	0.39	0.18	0.04
Interest Expense	-0.4	-0.16	-0.08	-0.06	-0.02
Total Non-Operating Income (Expense)	-0.2	0.28	0.31	0.13	0.02
Pretax Income	9.82	10.94	12.91	14.6	10.86
Provision for Income Taxes	2.79	1.84	3.66	3.26	2.23
Net Income	7.03	9.11	9.25	11.34	8.63
Minority Interest in Earnings	-0.63	-	-	-	-
Net Income to Common	7.66	9.11	9.25	11.34	8.63
Net Income Growth	-15.90%	-1.60%	-18.40%	31.37%	61.30%
Shares Outstanding (Basic)	195	193	192	190	191
Shares Outstanding (Diluted)	200	197	194	195	197
Shares Change (YoY)	1.61%	1.51%	-0.83%	-1.01%	0.58%
EPS (Basic)	0.04	0.05	0.05	0.06	0.05
EPS (Diluted)	0.04	0.05	0.05	0.06	0.04
EPS Growth	-22.47%	3.35%	-17.73%	32.95%	60.07%
Free Cash Flow	9.04	5.23	13.03	10.27	11.28
Free Cash Flow Growth	72.90%	-59.87%	26.85%	-8.96%	71.74%
Free Cash Flow Per Share	0.05	0.03	0.07	0.05	0.06
Dividends Per Share	0.036	0.046	0.046	0.045	0.036
Dividend Growth	-22.58%	1.09%	2.22%	25.00%	56.52%
Gross Margin	99.54%	98.87%	99.82%	99.92%	99.38%
Operating Margin	24.98%	25.61%	27.76%	32.38%	30.82%
Profit Margin	17.52%	21.88%	20.39%	25.37%	24.55%
FCF Margin	22.54%	12.56%	28.71%	22.98%	32.09%
EBITDA	11.37	11.42	13.32	15.27	11.87
EBITDA Margin	28.36%	27.43%	29.36%	34.16%	33.78%
EBIT	10.02	10.66	12.6	14.47	10.84
EBIT Margin	24.98%	25.61%	27.76%	32.38%	30.82%
Effective Tax Rate	28.44%	16.79%	28.33%	22.32%	20.50%