| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 8.5 | 36.9 | 24.1 | 7.9 | 3.1 | 1.8 | −42.6% | |
| Cash & short-term investments | 8.5 | 36.9 | 24.1 | 7.9 | 3.1 | 1.8 | −42.6% | |
| Receivables | 0.0 | 4.2 | 5.1 | 3.8 | 6.2 | 4.5 | −26.8% | |
| Inventory | 0.3 | 0.2 | 2.5 | 2.3 | 0.9 | 0.7 | −17.6% | |
| Total current assets | 14.0 | 42.4 | 33.1 | 14.7 | 11.1 | 7.0 | −36.8% | |
| Property, plant & equipment | 3.8 | 3.6 | 5.3 | 2.7 | 2.2 | 1.2 | −44.9% | |
| Goodwill & intangibles | 5.0 | 6.2 | 8.9 | 10.1 | 9.4 | 7.9 | −15.7% | |
| Long-term investments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total assets | 22.8 | 52.2 | 47.3 | 27.5 | 22.7 | 16.2 | −28.8% | |
| Payables | 1.9 | 2.4 | 4.5 | 1.4 | 2.2 | 3.1 | +39.2% | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 0.7 | −33.2% | |
| Total current liabilities | 5.5 | 5.5 | 9.7 | 6.6 | 5.5 | 4.7 | −15.4% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 2.1 | 1.9 | 3.1 | 1.6 | 1.4 | 0.7 | −53.3% | |
| Net debt | (6.4) | (35.0) | (21.0) | (6.3) | (1.7) | (1.1) | +33.3% | |
| Deferred revenue | 0.6 | 0.3 | 0.8 | 0.4 | 0.6 | 0.8 | +17.4% | |
| Total liabilities | 6.7 | 7.3 | 11.9 | 6.9 | 6.0 | 4.7 | −21.5% | |
| Total equity | 16.1 | 44.9 | 35.5 | 20.6 | 16.8 | 11.5 | −31.4% | |
| Retained earnings | (5.4) | (9.0) | (19.2) | (34.7) | (35.1) | (40.3) | −14.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
