| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 12.1 | 31.8 | 31.9 | 16.2 | 10.4 | 7.3 | −29.5% | |
| Cash & short-term investments | 12.1 | 31.8 | 31.9 | 16.2 | 10.4 | 7.3 | −29.5% | |
| Receivables | 3.6 | 5.8 | 4.7 | 3.3 | 4.4 | 1.3 | −69.5% | |
| Inventory | 0.7 | 1.7 | 2.1 | 1.7 | 1.6 | 1.3 | −17.9% | |
| Total current assets | 32.9 | 39.4 | 38.6 | 21.2 | 16.4 | 10.4 | −36.7% | |
| Property, plant & equipment | 2.4 | 4.4 | 8.5 | 7.2 | 6.4 | 1.8 | −71.8% | |
| Total assets | 39.0 | 47.3 | 49.9 | 31.2 | 25.5 | 12.6 | −50.6% | |
| Payables | 1.1 | 1.1 | 1.5 | 1.1 | 0.7 | 0.5 | −21.9% | |
| Short-term debt | 0.4 | 0.5 | 0.7 | 0.6 | 0.9 | 0.8 | −5.2% | |
| Total current liabilities | 3.8 | 4.9 | 5.3 | 3.9 | 3.3 | 3.8 | +15.7% | |
| Long-term debt | 0.9 | 1.8 | 4.3 | 3.9 | 3.3 | 1.0 | −70.1% | |
| Total debt | 1.4 | 2.3 | 5.0 | 4.6 | 4.2 | 1.8 | −56.8% | |
| Net debt | (10.7) | (29.5) | (26.9) | (11.7) | (6.2) | (5.5) | +11.0% | |
| Total liabilities | 4.7 | 7.0 | 9.8 | 8.2 | 7.0 | 5.4 | −23.2% | |
| Total equity | 34.3 | 40.3 | 40.1 | 22.9 | 18.4 | 7.2 | −61.0% | |
| Retained earnings | (69.1) | (83.8) | (103.7) | (122.3) | (133.1) | (152.2) | −14.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
