| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 80.9 | 487.8 | 356.8 | 220.5 | 199.5 | 181.1 | −9.2% | |
| Cash & short-term investments | 80.9 | 618.5 | 476.2 | 270.1 | 338.4 | 255.3 | −24.6% | |
| Receivables | 52.2 | 41.3 | 47.0 | 33.8 | 69.4 | 52.5 | −24.3% | |
| Inventory | 35.6 | 63.1 | 87.7 | 101.5 | 99.5 | 81.5 | −18.1% | |
| Total current assets | 203.2 | 750.6 | 638.0 | 447.2 | 520.1 | 420.0 | −19.2% | |
| Property, plant & equipment | 53.2 | 61.9 | 63.2 | 82.4 | 101.2 | 92.8 | −8.3% | |
| Goodwill & intangibles | 22.9 | 23.0 | 30.0 | 2.1 | 43.8 | 55.8 | +27.4% | |
| Long-term investments | 0.5 | (130.4) | (34.4) | 209.1 | 74.3 | 51.2 | −31.1% | |
| Total assets | 281.2 | 841.9 | 823.9 | 777.1 | 742.1 | 622.5 | −16.1% | |
| Payables | 31.0 | 20.5 | 23.1 | 25.2 | 31.3 | 18.4 | −41.2% | |
| Short-term debt | 2.0 | 2.6 | (10.9) | 4.3 | 0.0 | 0.0 | — | |
| Total current liabilities | 72.2 | 105.0 | 91.5 | 89.2 | 111.5 | 118.0 | +5.8% | |
| Long-term debt | 9.5 | 9.5 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 23.6 | 24.8 | 34.1 | 41.7 | 46.0 | 41.5 | −9.7% | |
| Net debt | (57.2) | (463.0) | (322.7) | (178.9) | (153.6) | (139.6) | +9.1% | |
| Deferred revenue | 17.8 | 21.6 | 20.3 | 0.0 | 0.0 | 34.4 | — | |
| Total liabilities | 95.3 | 137.9 | 130.3 | 133.2 | 155.7 | 159.2 | +2.2% | |
| Total equity | 185.9 | 704.0 | 693.6 | 643.9 | 586.3 | 463.3 | −21.0% | |
| Retained earnings | (459.0) | (15.9) | (106.0) | (257.7) | (402.0) | (550.9) | −37.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
