| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 28.9 | 26.9 | 43.1 | 25.6 | 8.7 | 6.1 | −29.5% | |
| Cash & short-term investments | 28.9 | 38.9 | 43.1 | 25.6 | 8.8 | 6.2 | −29.1% | |
| Receivables | 4.7 | 0.4 | 10.9 | 7.0 | 3.2 | 1.1 | −63.7% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 33.6 | 39.5 | 54.0 | 32.6 | 14.6 | 9.1 | −37.8% | |
| Property, plant & equipment | 0.0 | 0.0 | 0.3 | 1.6 | 0.8 | 1.1 | +26.3% | |
| Total assets | 33.6 | 59.6 | 102.8 | 72.3 | 60.5 | 48.9 | −19.2% | |
| Payables | 0.1 | 0.3 | 1.1 | 0.7 | 0.8 | 0.3 | −61.1% | |
| Short-term debt | 0.0 | 0.0 | 0.3 | 0.7 | 0.6 | 0.6 | +11.4% | |
| Total current liabilities | 1.3 | 3.4 | 14.5 | 16.5 | 5.6 | 4.7 | −15.7% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 1.0 | 0.3 | 0.4 | +27.6% | |
| Total debt | 0.0 | 0.0 | 0.3 | 1.6 | 0.9 | 1.0 | +16.9% | |
| Net debt | (28.9) | (38.9) | (42.8) | (23.9) | (8.0) | (5.2) | +34.1% | |
| Total liabilities | 1.3 | 3.5 | 15.6 | 18.4 | 7.4 | 6.4 | −13.0% | |
| Total equity | 32.3 | 56.4 | 88.3 | 53.9 | 53.1 | 42.4 | −20.1% | |
| Retained earnings | 31.1 | 21.7 | 86.2 | 51.5 | 50.2 | 38.9 | −22.4% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
