| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 32.1 | 13.7 | 17.4 | 2.7 | 4.7 | 3.2 | −31.6% | |
| Cash & short-term investments | 32.1 | 13.7 | 17.4 | 2.7 | 4.7 | 3.2 | −31.6% | |
| Receivables | 0.8 | 1.4 | 0.5 | 1.6 | 3.1 | 4.2 | +32.8% | |
| Inventory | 20.0 | 0.0 | 17.2 | 3.0 | 10.8 | 3.6 | −66.3% | |
| Total current assets | 32.1 | 13.7 | 17.4 | 2.7 | 18.6 | 11.0 | −40.8% | |
| Property, plant & equipment | 0.1 | 0.1 | 1.0 | 15.1 | 82.6 | 72.3 | −12.5% | |
| Goodwill & intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17.8 | — | |
| Total assets | 90.2 | 127.8 | 132.3 | 119.4 | 126.8 | 101.1 | −20.3% | |
| Payables | 0.6 | 2.3 | 0.9 | 6.0 | 4.9 | 0.4 | −91.7% | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 44.2 | 48.0 | +8.5% | |
| Total current liabilities | 0.6 | 6.7 | 0.7 | 7.1 | 49.1 | 53.9 | +9.8% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 17.2 | 11.6 | 0.0 | −100.0% | |
| Total debt | 0.1 | 0.0 | 0.0 | 17.2 | 55.9 | 48.0 | −14.0% | |
| Net debt | (32.0) | (13.6) | (17.4) | 14.5 | 51.2 | 44.8 | −12.4% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 1.3 | 13.6 | 7.7 | 24.3 | 65.7 | 59.5 | −9.4% | |
| Total equity | 88.8 | 114.1 | 124.6 | 95.1 | 61.4 | 41.9 | −31.8% | |
| Retained earnings | 82.3 | 107.6 | 117.7 | 88.2 | 54.5 | 34.9 | −35.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
