| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 31.6 | 56.0 | 40.8 | 27.4 | 15.4 | 14.3 | −6.9% | |
| Cash & short-term investments | 31.3 | 56.0 | 40.2 | 27.4 | 15.4 | 25.3 | +64.7% | |
| Receivables | 0.3 | 2.3 | 0.4 | 0.1 | 4.7 | 4.1 | −11.4% | |
| Inventory | 0.2 | 0.7 | 0.0 | 0.2 | 1.9 | 0.0 | −100.0% | |
| Total current assets | 32.9 | 59.2 | 46.1 | 31.1 | 26.0 | 30.4 | +16.9% | |
| Property, plant & equipment | 1.2 | 3.2 | 4.3 | 4.9 | 5.3 | 2.7 | −49.5% | |
| Goodwill & intangibles | 0.8 | 0.7 | 0.3 | 0.3 | 4.6 | 8.7 | +88.9% | |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.6 | 0.6 | +0.0% | |
| Total assets | 34.8 | 63.1 | 50.7 | 36.2 | 36.6 | 42.4 | +16.1% | |
| Payables | 0.3 | 0.4 | 0.4 | 0.9 | 1.8 | 0.6 | −64.6% | |
| Short-term debt | 0.1 | 0.3 | 0.3 | 0.5 | 0.5 | 0.1 | −72.1% | |
| Total current liabilities | 1.4 | 2.0 | 3.9 | 4.2 | 5.7 | 5.9 | +4.5% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 0.3 | 0.9 | 1.0 | 1.1 | 0.7 | 0.2 | −73.0% | |
| Net debt | (31.3) | (55.1) | (39.8) | (26.2) | (14.7) | (14.1) | +3.9% | |
| Deferred revenue | 0.0 | 0.0 | 1.6 | 0.0 | 0.0 | 3.6 | — | |
| Total liabilities | 1.8 | 3.3 | 4.9 | 5.2 | 6.3 | 6.1 | −4.0% | |
| Total equity | 33.0 | 59.9 | 45.7 | 31.1 | 30.3 | 36.4 | +20.2% | |
| Retained earnings | (50.6) | (59.8) | (75.6) | (92.0) | (108.8) | (130.8) | −20.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
