| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 41.0 | 177.1 | 366.2 | 283.3 | 230.3 | 207.0 | −10.1% | |
| Cash & short-term investments | 41.0 | 176.1 | 366.2 | 283.3 | 230.3 | 207.0 | −10.1% | |
| Receivables | 7.6 | 11.2 | 8.1 | 6.1 | 19.6 | 18.5 | −5.7% | |
| Inventory | 4.4 | 6.4 | 32.2 | 58.8 | 70.4 | 56.0 | −20.5% | |
| Total current assets | 67.5 | 205.5 | 423.6 | 362.9 | 329.5 | 283.8 | −13.9% | |
| Property, plant & equipment | 13.0 | 19.9 | 22.1 | 27.4 | 41.6 | 45.6 | +9.4% | |
| Goodwill & intangibles | 2.2 | 3.3 | 9.1 | 11.5 | 10.2 | 12.0 | +17.9% | |
| Long-term investments | 0.3 | 0.3 | 1.7 | 0.6 | 0.1 | 0.0 | −9.4% | |
| Total assets | 83.2 | 229.1 | 458.2 | 402.3 | 381.8 | 342.0 | −10.4% | |
| Payables | 2.5 | 1.2 | 8.7 | 4.5 | 8.8 | 2.3 | −73.6% | |
| Short-term debt | (2.0) | (2.1) | (3.3) | (3.0) | 0.0 | 0.0 | — | |
| Total current liabilities | 21.1 | 25.3 | 50.1 | 64.9 | 79.1 | 92.5 | +17.0% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 6.5 | 6.5 | 7.1 | 7.8 | 12.7 | 12.3 | −2.9% | |
| Net debt | (34.5) | (170.6) | (359.0) | (275.5) | (217.6) | (194.7) | +10.5% | |
| Deferred revenue | 3.4 | 8.5 | 21.0 | 37.7 | 0.0 | 0.0 | — | |
| Total liabilities | 27.4 | 31.6 | 63.2 | 106.8 | 113.1 | 117.7 | +4.1% | |
| Total equity | 55.7 | 197.4 | 395.0 | 295.5 | 268.7 | 224.3 | −16.5% | |
| Retained earnings | (105.3) | (132.4) | (178.0) | (278.1) | (305.2) | (347.8) | −13.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
