| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 10.8 | 19.6 | 14.4 | 8.9 | 3.2 | 25.1 | +678.8% | |
| Cash & short-term investments | 10.8 | 19.6 | 14.4 | 8.9 | 3.2 | 25.1 | +678.8% | |
| Receivables | 22.2 | 16.3 | 6.4 | 1.5 | 23.2 | 0.0 | −100.0% | |
| Inventory | (21.5) | (16.4) | (6.0) | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 33.0 | 35.9 | 20.8 | 17.4 | 26.5 | 25.2 | −4.8% | |
| 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 | 769.6 | 842.3 | 854.4 | 802.2 | 722.1 | 0.0 | −100.0% | |
| Total assets | 802.7 | 878.3 | 875.2 | 819.6 | 748.6 | 638.8 | −14.7% | |
| Payables | 0.1 | 2.3 | 2.3 | 0.3 | 2.3 | 0.3 | −85.8% | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current liabilities | 24.0 | 2.3 | 2.3 | 2.7 | 2.3 | 2.7 | +14.2% | |
| Long-term debt | 197.9 | 198.1 | 198.2 | 198.3 | 198.5 | 198.6 | +0.1% | |
| Total debt | 197.9 | 198.1 | 198.2 | 198.3 | 198.5 | 198.6 | +0.1% | |
| Net debt | 187.1 | 178.5 | 183.8 | 189.5 | (3.2) | 173.5 | +5483.6% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 24.0 | 209.8 | 2.3 | 201.0 | 201.3 | 201.3 | +0.0% | |
| Total equity | 580.8 | 668.5 | 674.4 | 618.6 | 547.4 | 437.5 | −20.1% | |
| Retained earnings | (25.1) | 60.5 | 65.0 | 8.5 | (51.5) | (161.1) | −212.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
