| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 6.1 | 2.2 | 1.0 | 5.3 | 1.8 | 1.4 | −23.8% | |
| Cash & short-term investments | 11.5 | 4.3 | 1.0 | 5.3 | 2.8 | 1.4 | −50.8% | |
| Receivables | 0.0 | 2.0 | 1.4 | 1.6 | 1.4 | 0.7 | −49.9% | |
| Inventory | 0.3 | 0.4 | 0.3 | 0.3 | 0.3 | 0.2 | −39.3% | |
| Total current assets | 12.9 | 6.7 | 2.8 | 7.2 | 5.0 | 2.3 | −54.8% | |
| Property, plant & equipment | 1.2 | 7.5 | 7.0 | 7.0 | 5.7 | 4.7 | −17.7% | |
| Goodwill & intangibles | 0.9 | 1.2 | 1.6 | 1.9 | 1.4 | 1.1 | −18.1% | |
| Long-term investments | (5.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total assets | 15.4 | 15.4 | 11.3 | 16.1 | 12.1 | 8.1 | −33.2% | |
| Payables | 0.3 | 0.4 | 0.9 | 0.5 | 1.0 | 0.6 | −37.8% | |
| Short-term debt | 0.0 | 0.6 | 0.7 | 0.8 | 1.0 | 0.0 | −100.0% | |
| Total current liabilities | 1.3 | 2.3 | 2.9 | 4.0 | 2.6 | 2.6 | +1.7% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 0.5 | 6.6 | 6.1 | 6.4 | 5.7 | 5.1 | −11.0% | |
| Net debt | (5.6) | 4.4 | 5.2 | 1.2 | 3.9 | 3.7 | −5.0% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 1.8 | 8.7 | 8.8 | 10.1 | 7.8 | 7.0 | −10.1% | |
| Total equity | 13.6 | 6.7 | 2.6 | 6.1 | 4.4 | 1.1 | −74.4% | |
| Retained earnings | (7.3) | (14.2) | (20.7) | (30.8) | (42.1) | (52.2) | −23.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
