| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 21.2 | 29.6 | 111.2 | 93.0 | 113.8 | 137.6 | +20.9% | |
| Cash & short-term investments | 21.2 | 29.6 | 111.2 | 93.0 | 110.0 | 137.6 | +25.0% | |
| Receivables | 0.3 | 0.6 | 1.1 | 4.2 | 7.7 | 0.0 | −99.5% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 0.0 | 29.6 | 110.6 | 90.9 | 118.8 | 143.9 | +21.2% | |
| Property, plant & equipment | 0.2 | 0.7 | 1.5 | 2.4 | 1.3 | 6.2 | +375.1% | |
| Goodwill & intangibles | 0.8 | 1.1 | 0.9 | 0.6 | 1.0 | 0.7 | −21.6% | |
| Long-term investments | 66.6 | 108.9 | 23.0 | 15.4 | 1.1 | 845.7 | +79379.2% | |
| Total assets | 201.3 | 388.6 | 582.5 | 691.9 | 786.5 | 999.8 | +27.1% | |
| Payables | 0.6 | 0.3 | 0.2 | 0.5 | 0.5 | 0.3 | −40.6% | |
| Short-term debt | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | (0.0) | −107.8% | |
| Total current liabilities | 0.0 | 2.3 | 2.8 | 575.2 | 650.4 | (0.0) | −100.0% | |
| Long-term debt | 0.1 | 0.1 | 0.1 | 10.3 | 10.4 | 15.0 | +43.8% | |
| Total debt | 0.1 | 0.6 | 0.4 | 11.4 | 10.5 | 17.4 | +65.9% | |
| Net debt | (21.1) | (29.0) | (110.8) | (81.6) | (103.3) | (120.2) | −16.3% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | (0.4) | 0.0 | 0.0 | — | |
| Total liabilities | 150.4 | 302.6 | 486.3 | 591.5 | 671.2 | 872.2 | +30.0% | |
| Total equity | 50.9 | 86.1 | 96.2 | 100.4 | 115.4 | 127.2 | +10.3% | |
| Retained earnings | 50.2 | 45.4 | 55.5 | 24.7 | 39.7 | 56.4 | +42.2% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
