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Finance income/(costs) | 6 Months Ended
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Jun. 30, 2025
Finance income/(costs) |
Finance income/(costs) | 8Finance income/(costs) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 3 months ended June 30, | ​ | 6 months ended June 30,
​ | ​ | 2025 |  | 2024 |  | 2025 |  | 2024
​ | ​ | £ 000 | ​ | £ 000 | ​ | £ 000 | ​ | £ 000
Interest income on deposits |  | 609 |  | 614 |  | 1,243 |  | 1,168
Fair value movements on financial liabilities at fair value through profit and loss (note 14) | ​ | — | ​ | 9,989 | ​ | — | ​ | 5,914
Fair value movements on warrant liabilities (note 13) |  | — |  | 609 |  | — |  | 305
Foreign exchange gain | ​ | 18,094 | ​ | — | ​ | 27,530 | ​ | —
Other | ​ | 4 | ​ | 3 | ​ | — | ​ | 10
Total finance income | ​ | 18,707 | ​ | 11,215 | ​ | 28,773 | ​ | 7,397
Fair value movements on financial liabilities at fair value through profit and loss (note 14) | ​ | — | ​ | — | ​ | — | ​ | —
Fair value movements on warrant liabilities (note 13) | ​ | (296) | ​ | — | ​ | (324) | ​ | —
In-kind interest on financial liabilities at fair value through profit and loss (note 14) | ​ | — | ​ | (4,252) | ​ | — | ​ | (8,483)
Foreign exchange loss | ​ | — | ​ | (1) | ​ | — | ​ | (2,461)
Interest expense on leases | ​ | (41) | ​ | (40) | ​ | (78) | ​ | (82)
Other | ​ | — | ​ | — | ​ | — | ​ | —
Total finance costs | ​ | (337) | ​ | (4,293) | ​ | (402) | ​ | (11,026)
Fair value movements on financial liabilities at fair value through profit and loss (note 14) | ​ | — | ​ | — | ​ | 258,719 | ​ | —
Total related party finance income | ​ | — | ​ | — | ​ | 258,719 | ​ | —
In-kind interest on financial liabilities at fair value through profit and loss (note 14) | ​ | (2,805) | ​ | — | ​ | (5,782) | ​ | —
Fair value movements on financial liabilities at fair value through profit and loss (note 14) | ​ | (140,404) | ​ | — | ​ | — | ​ | —
Total related party finance costs | ​ | (143,209) | ​ | — | ​ | (5,782) | ​ | —
Net related party finance income | ​ | (143,209) | ​ | — | ​ | 252,937 | ​ | —
Net finance income/(costs) |  | (124,839) |  | 6,922 |  | 281,308 |  | (3,629)
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