| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 2.9 | 18.3 | 4.8 | 5.1 | 3.2 | 3.0 | −7.3% | |
| Cash & short-term investments | 2.9 | 18.3 | 12.8 | 6.8 | 3.3 | 6.1 | +88.2% | |
| Receivables | 0.1 | 0.8 | 0.7 | 2.9 | 2.9 | 0.9 | −69.8% | |
| Inventory | (0.0) | 0.0 | 1.1 | 0.8 | 0.5 | 0.0 | −100.0% | |
| Total current assets | 3.8 | 20.5 | 17.5 | 11.2 | 8.2 | 7.0 | −15.0% | |
| Property, plant & equipment | 0.4 | 0.3 | 0.8 | 0.8 | 0.4 | 0.3 | −25.5% | |
| Goodwill & intangibles | 0.0 | 0.0 | 3.4 | 3.3 | 0.0 | 0.0 | −51.5% | |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | +54.5% | |
| Total assets | 4.3 | 20.9 | 21.8 | 15.4 | 8.7 | 8.1 | −7.1% | |
| Payables | 0.5 | 0.5 | 1.7 | 2.2 | 0.8 | 1.4 | +68.9% | |
| Short-term debt | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | −100.0% | |
| Total current liabilities | 1.4 | 2.3 | 3.7 | 5.2 | 3.3 | 1.6 | −50.6% | |
| Long-term debt | 1.7 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 2.0 | 0.2 | 0.3 | 0.3 | 0.2 | 0.1 | −57.8% | |
| Net debt | (0.9) | (18.1) | (4.5) | (4.8) | (3.0) | (2.9) | +3.5% | |
| Deferred revenue | 0.1 | 0.3 | 0.2 | 0.0 | 0.0 | 0.1 | — | |
| Total liabilities | 3.5 | 2.4 | 4.3 | 5.9 | 3.4 | 1.6 | −51.2% | |
| Total equity | 0.8 | 18.5 | 17.5 | 9.5 | 5.3 | 6.5 | +20.7% | |
| Retained earnings | (11.9) | (17.1) | (26.2) | (34.7) | (45.0) | (42.3) | +6.0% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
