| GBP millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 103.3 | 224.0 | 177.7 | 221.4 | 187.6 | 152.4 | −18.8% | |
| Cash & short-term investments | 604.9 | 375.3 | 246.8 | 290.0 | 187.6 | 447.0 | +138.3% | |
| Receivables | 554.9 | 167.3 | 95.6 | 0.4 | 0.4 | 305.8 | +76350.0% | |
| Inventory | (501.6) | (151.3) | (69.1) | 0.0 | 1.9 | 0.0 | −100.0% | |
| Total current assets | 671.9 | 401.9 | 279.3 | 310.4 | 307.4 | 458.5 | +49.2% | |
| Property, plant & equipment | 28.7 | 14.1 | 10.0 | 5.0 | 9.6 | 7.9 | −17.7% | |
| Goodwill & intangibles | 24.4 | 24.9 | 28.2 | 23.0 | 21.2 | 21.3 | +0.5% | |
| Long-term investments | 0.0 | (17.0) | 56.2 | 33.4 | 19.8 | 13.1 | −33.8% | |
| Total assets | 782.2 | 565.9 | 384.0 | 373.2 | 358.0 | 535.9 | +49.7% | |
| Payables | 2.1 | 3.7 | 2.5 | 2.4 | 1.8 | 0.8 | −55.6% | |
| Short-term debt | 465.5 | 140.3 | 23.7 | 54.7 | 101.9 | 267.3 | +162.3% | |
| Total current liabilities | 539.9 | 187.0 | 63.7 | 117.7 | 135.1 | 269.1 | +99.2% | |
| Long-term debt | 24.3 | 73.2 | 22.6 | 2.2 | 0.0 | 0.0 | — | |
| Total debt | 520.6 | 237.4 | 66.1 | 69.5 | 109.5 | 273.6 | +149.9% | |
| Net debt | 417.3 | 38.0 | (91.4) | (151.9) | (78.1) | 121.2 | +255.2% | |
| Deferred revenue | 32.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total liabilities | 564.6 | 277.9 | 100.0 | 126.4 | 141.5 | 307.5 | +117.3% | |
| Total equity | 217.6 | 288.0 | 284.0 | 246.8 | 216.5 | 228.4 | +5.5% | |
| Retained earnings | (98.6) | (35.6) | (48.6) | (84.9) | 190.2 | 201.2 | +5.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
