| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 5.7 | 5.4 | 1.5 | 0.2 | 0.3 | 0.0 | −94.4% | |
| Cash & short-term investments | 5.7 | 5.4 | 1.5 | 0.2 | 0.3 | 0.0 | −94.4% | |
| Receivables | 1.1 | 7.5 | 11.1 | 7.6 | 0.3 | 0.5 | +46.3% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 7.4 | 16.6 | 18.1 | 8.7 | 1.0 | 0.6 | −44.6% | |
| Property, plant & equipment | 0.2 | 0.4 | 0.1 | 0.5 | 0.3 | 0.1 | −59.7% | |
| Total assets | 26.6 | 42.5 | 44.0 | 25.7 | 11.3 | 2.4 | −78.9% | |
| Payables | 0.1 | 2.1 | 1.4 | 1.3 | 0.5 | 0.8 | +50.3% | |
| Short-term debt | 1.0 | 0.2 | 4.6 | 2.3 | 0.8 | 2.2 | +173.3% | |
| Total current liabilities | 3.8 | 6.0 | 10.1 | 4.8 | 2.5 | 4.6 | +82.3% | |
| Long-term debt | 0.1 | 0.0 | 0.9 | 2.5 | 4.7 | 4.0 | −15.0% | |
| Total debt | 1.1 | 0.2 | 5.5 | 4.8 | 5.5 | 6.2 | +12.2% | |
| Net debt | (4.6) | (5.2) | 4.0 | 4.6 | 5.2 | 6.1 | +17.4% | |
| Total liabilities | 3.9 | 6.0 | 11.1 | 7.3 | 7.2 | 8.5 | +18.8% | |
| Total equity | 24.6 | 38.4 | 34.9 | 20.4 | 6.1 | (4.1) | −167.4% | |
| Retained earnings | (55.4) | (55.6) | (68.6) | (87.2) | (99.1) | 2.4 | +102.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
