| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 5.8 | 3.0 | 2.9 | 3.5 | 5.3 | 7.4 | +40.2% | |
| Cash & short-term investments | 5.8 | 3.8 | 3.7 | 4.2 | 6.0 | 8.1 | +35.7% | |
| Receivables | 2.5 | 0.9 | 2.6 | 2.2 | 12.9 | 14.6 | +13.4% | |
| Inventory | 0.9 | 0.0 | 0.0 | 9.2 | 9.8 | 0.0 | −100.0% | |
| Total current assets | 9.9 | 5.1 | 7.0 | 16.4 | 28.7 | 23.7 | −17.7% | |
| Property, plant & equipment | 132.8 | 77.6 | 75.8 | 110.7 | 36.7 | 84.8 | +131.1% | |
| Total assets | 158.7 | 87.9 | 84.7 | 128.9 | 115.0 | 131.5 | +14.3% | |
| Payables | 1.4 | 1.3 | 0.7 | 1.4 | 0.9 | 3.1 | +226.4% | |
| Short-term debt | 5.8 | 5.0 | 16.2 | 11.7 | 15.8 | 24.1 | +51.9% | |
| Total current liabilities | 14.0 | 12.3 | 22.8 | 19.3 | 25.6 | 35.7 | +39.4% | |
| Long-term debt | 44.4 | 44.6 | 42.9 | 44.8 | 44.5 | 75.6 | +69.9% | |
| Total debt | 50.2 | 49.6 | 59.1 | 56.5 | 60.3 | 99.7 | +65.2% | |
| Net debt | 44.4 | 45.8 | 55.4 | 52.3 | 54.4 | 91.6 | +68.4% | |
| Total liabilities | 76.9 | 71.2 | 79.0 | 82.6 | 97.8 | 124.6 | +27.4% | |
| Total equity | 76.1 | 14.9 | 5.4 | 44.2 | 22.2 | 9.2 | −58.4% | |
| Retained earnings | (139.8) | (206.9) | (216.3) | (190.8) | (209.2) | (221.1) | −5.7% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
