| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 1.3 | 5.0 | 9.5 | 3.5 | 2.3 | 2.2 | −6.1% | |
| Cash & short-term investments | 1.3 | 5.0 | 9.5 | 3.5 | 2.3 | 2.2 | −6.1% | |
| Receivables | 0.2 | 1.8 | 3.0 | 1.7 | 3.1 | 3.5 | +11.8% | |
| Inventory | 0.0 | 0.0 | 0.4 | 0.6 | 0.7 | 1.0 | +47.1% | |
| Total current assets | 2.3 | 6.8 | 13.0 | 5.8 | 6.2 | 6.7 | +8.9% | |
| Property, plant & equipment | 14.5 | 19.0 | 36.6 | 44.2 | 47.6 | 44.4 | −6.7% | |
| Goodwill & intangibles | 0.0 | 0.0 | 7.3 | 6.3 | 20.5 | 20.1 | −1.7% | |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total assets | 16.8 | 25.9 | 56.8 | 56.2 | 74.2 | 71.2 | −4.1% | |
| Payables | 0.4 | 1.8 | 1.9 | 0.9 | 1.3 | 2.1 | +57.7% | |
| Short-term debt | 0.5 | 0.1 | 3.7 | 5.6 | 5.2 | 0.0 | −100.0% | |
| Total current liabilities | 4.9 | 7.9 | 10.0 | 8.6 | 10.0 | 14.1 | +41.4% | |
| Long-term debt | 0.4 | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 10.3 | 12.6 | 21.2 | 25.2 | 25.6 | 24.7 | −3.5% | |
| Net debt | 9.1 | 7.6 | 11.7 | 21.7 | 23.3 | 22.5 | −3.3% | |
| Deferred revenue | 0.0 | 3.3 | 0.6 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 13.8 | 20.5 | 31.4 | 31.3 | 40.5 | 38.0 | −6.2% | |
| Total equity | 2.9 | 5.5 | 25.4 | 25.0 | 33.7 | 33.2 | −1.5% | |
| Retained earnings | 2.9 | 3.3 | 7.9 | 7.2 | 3.2 | 5.4 | +69.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
