| GBP billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 16.9 | 12.5 | 22.5 | 17.3 | 23.5 | 18.3 | −22.1% | |
| Cash & short-term investments | 16.9 | 12.5 | 22.5 | 17.3 | 23.5 | 18.3 | −22.1% | |
| Receivables | 9.3 | 5.5 | 3.3 | 0.0 | 3.6 | 19.5 | +440.4% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | (80.8) | 0.0 | +100.0% | |
| Total current assets | 64.1 | 41.0 | 41.8 | 43.9 | 3.6 | 37.8 | +946.2% | |
| Property, plant & equipment | 0.1 | 0.1 | 0.4 | 0.4 | 0.4 | 0.5 | +48.2% | |
| Goodwill & intangibles | 4.3 | 3.9 | 4.7 | 2.6 | 3.7 | 6.2 | +65.5% | |
| Long-term investments | 67.1 | 58.3 | 46.6 | 51.3 | 265.0 | 342.5 | +29.3% | |
| Total assets | 466.5 | 343.4 | 302.3 | 328.8 | 353.9 | 395.3 | +11.7% | |
| Payables | 1.6 | 11.7 | 1.0 | 2.0 | 1.0 | 1.3 | +32.2% | |
| Short-term debt | 1.2 | 0.7 | 1.2 | 0.7 | 1.0 | 1.4 | +39.3% | |
| Total current liabilities | 44.4 | 17.9 | 19.6 | 8.1 | 8.1 | 144.3 | +1675.7% | |
| Long-term debt | 9.5 | 7.3 | 6.5 | 6.9 | 5.6 | 6.6 | +18.3% | |
| Total debt | 11.1 | 8.4 | 8.6 | 7.4 | 6.9 | 8.3 | +20.6% | |
| Net debt | (5.8) | (4.1) | (13.9) | (9.9) | (16.6) | (10.0) | +39.8% | |
| Deferred revenue | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 446.0 | 324.0 | 289.9 | 319.2 | 345.3 | 385.2 | +11.6% | |
| Total equity | 19.6 | 19.2 | 12.1 | 8.8 | 8.3 | 9.7 | +16.7% | |
| Retained earnings | 16.4 | 16.5 | 5.6 | 7.5 | 1.4 | 8.6 | +523.1% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
