| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 40.9 | 33.1 | 11.1 | 19.1 | 22.8 | 59.3 | +160.4% | |
| Cash & short-term investments | 40.9 | 33.1 | 11.1 | 19.1 | 22.8 | 59.3 | +160.4% | |
| Receivables | 0.1 | 0.3 | 4.9 | 0.1 | 1.2 | 1.2 | +3.9% | |
| Inventory | (0.1) | (0.2) | (0.3) | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 41.1 | 33.4 | 16.0 | 19.5 | 24.0 | 60.5 | +152.7% | |
| Property, plant & equipment | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Goodwill & intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Long-term investments | 1,002.2 | 1,376.4 | 872.8 | 671.3 | 705.0 | 789.9 | +12.0% | |
| Total assets | 1,043.2 | 1,409.8 | 888.8 | 690.8 | 729.0 | 850.4 | +16.7% | |
| Payables | 1.2 | 2.3 | 6.7 | 0.0 | 0.3 | 0.0 | −100.0% | |
| Short-term debt | 48.7 | 66.2 | 103.8 | 103.2 | 91.7 | 78.1 | −14.9% | |
| Total current liabilities | 51.5 | 2.3 | 6.7 | 106.0 | 94.4 | 78.1 | −17.3% | |
| Long-term debt | 0.0 | 66.2 | 103.8 | 103.2 | 91.7 | 78.1 | −14.9% | |
| Total debt | 48.7 | 66.2 | 103.8 | 103.2 | 91.7 | 78.1 | −14.9% | |
| Net debt | 7.8 | 33.0 | 92.7 | 84.1 | (22.8) | 18.8 | +182.4% | |
| Deferred revenue | 0.0 | (63.8) | (103.8) | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 51.5 | 68.5 | 113.3 | 106.0 | 94.4 | 81.4 | −13.7% | |
| Total equity | 991.7 | 1,341.4 | 775.6 | 584.7 | 634.6 | 769.0 | +21.2% | |
| Retained earnings | 474.5 | 587.1 | (9.3) | (157.9) | (64.9) | (15.3) | +76.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
