| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 2.0 | 13.0 | 7.2 | 9.0 | 14.2 | 17.2 | +21.3% | |
| Cash & short-term investments | 2.6 | 13.0 | 7.2 | 9.0 | 17.0 | 17.4 | +2.1% | |
| Receivables | 0.2 | 1.0 | 0.6 | 0.2 | 0.3 | 0.5 | +49.4% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 2.8 | 14.0 | 7.8 | 10.2 | 18.3 | 17.9 | −2.2% | |
| Property, plant & equipment | 1.0 | 0.7 | 1.6 | 1.7 | 23.9 | 2.8 | −88.2% | |
| Goodwill & intangibles | 0.0 | 0.0 | 0.0 | 18.4 | 21.6 | 30.7 | +42.2% | |
| Long-term investments | 0.7 | 0.0 | 0.5 | 0.4 | 0.0 | 5.0 | — | |
| Total assets | 21.7 | 28.9 | 26.4 | 30.8 | 42.7 | 57.0 | +33.3% | |
| Payables | 0.4 | 0.9 | 0.6 | 0.8 | 1.0 | 0.6 | −42.6% | |
| Short-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | −100.0% | |
| Total current liabilities | 1.2 | 1.7 | 1.1 | 2.8 | 3.1 | 3.2 | +2.8% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total debt | 0.0 | 0.0 | 0.0 | 0.1 | 0.4 | 0.7 | +85.8% | |
| Net debt | (2.0) | (13.0) | (7.2) | (9.0) | (13.8) | (16.5) | −19.5% | |
| Deferred revenue | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 1.2 | 1.7 | 1.1 | 2.8 | 3.5 | 6.1 | +71.4% | |
| Total equity | 20.5 | 27.2 | 25.3 | 27.9 | 39.2 | 50.9 | +29.9% | |
| Retained earnings | (28.8) | (31.6) | (34.3) | (44.6) | (48.7) | (46.0) | +5.5% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
