| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 0.7 | 8.6 | 11.6 | 40.4 | 74.1 | 49.5 | −33.3% | |
| Cash & short-term investments | 0.7 | 8.6 | 11.6 | 40.5 | 74.1 | 49.5 | −33.3% | |
| Receivables | 18.0 | 10.9 | 11.9 | 29.9 | 40.9 | 49.4 | +20.8% | |
| Inventory | 0.0 | 0.0 | 24.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 0.0 | 19.6 | 23.4 | 42.3 | 116.4 | 98.9 | −15.0% | |
| Property, plant & equipment | 1.1 | 0.9 | 0.8 | 0.6 | 0.4 | 0.5 | +11.0% | |
| Goodwill & intangibles | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Long-term investments | 131.0 | 141.2 | 172.1 | 165.5 | 224.1 | 273.8 | +22.2% | |
| Total assets | 153.0 | 171.1 | 197.8 | 238.3 | 340.9 | 375.8 | +10.2% | |
| Payables | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.3 | +197.8% | |
| Short-term debt | 1.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | — | |
| Total current liabilities | 1.2 | 0.1 | 0.1 | 0.2 | 0.1 | 0.2 | +120.7% | |
| Long-term debt | 0.0 | 0.0 | 0.0 | 0.0 | 0.4 | 0.0 | −100.0% | |
| Total debt | 2.1 | 0.9 | 0.8 | 0.6 | 0.4 | 0.2 | −47.1% | |
| Net debt | 1.4 | (7.7) | (10.8) | (40.4) | (73.7) | (49.3) | +33.2% | |
| Deferred revenue | 1.0 | (0.1) | (0.1) | 0.1 | 0.0 | 0.0 | — | |
| Total liabilities | 3.1 | 4.5 | 8.2 | 9.1 | 14.5 | 15.7 | +8.2% | |
| Total equity | 149.9 | 166.6 | 189.5 | 229.2 | 326.4 | 360.2 | +10.3% | |
| Retained earnings | 46.2 | 48.1 | 49.5 | 82.8 | 157.7 | 166.5 | +5.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
