| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 34.1 | 20.3 | 22.6 | 12.1 | 16.2 | 24.3 | +50.1% | |
| Cash & short-term investments | 34.1 | 20.3 | 22.6 | 12.1 | 16.2 | 24.5 | +51.2% | |
| Receivables | 1.1 | 1.4 | 0.8 | 7.7 | 6.6 | 0.0 | −100.0% | |
| Inventory | 0.0 | (22.2) | (26.8) | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 35.2 | 22.2 | 26.8 | 40.7 | 23.5 | 24.5 | +4.2% | |
| Property, plant & equipment | 6.0 | 7.3 | 6.7 | 6.4 | 6.4 | 5.8 | −9.6% | |
| Goodwill & intangibles | 6.7 | 8.8 | 13.3 | 14.8 | 15.9 | 16.2 | +2.0% | |
| Long-term investments | 25.9 | 41.2 | 41.0 | 0.2 | 237.1 | 493.2 | +108.0% | |
| Total assets | 268.0 | 308.8 | 379.3 | 480.7 | 497.8 | 561.3 | +12.8% | |
| Payables | 1.7 | 1.5 | 1.4 | 0.2 | 0.3 | 0.5 | +43.8% | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 16.0 | 48.3 | +202.2% | |
| Total current liabilities | 1.7 | 1.5 | 1.4 | 26.1 | 405.5 | 48.3 | −88.1% | |
| Long-term debt | 22.2 | 23.7 | 31.3 | 39.3 | 47.1 | 4.6 | −90.3% | |
| Total debt | 22.7 | 25.0 | 32.9 | 40.7 | 47.1 | 55.1 | +17.0% | |
| Net debt | (11.3) | 4.7 | 10.3 | 28.6 | 30.9 | 30.8 | −0.3% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 245.5 | 283.8 | 349.5 | 444.7 | 460.5 | 517.8 | +12.4% | |
| Total equity | 22.4 | 24.9 | 29.6 | 34.9 | 37.3 | 43.6 | +16.9% | |
| Retained earnings | 3.2 | 5.8 | 10.4 | 15.5 | 17.6 | 23.6 | +33.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
