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v3.25.2

Consolidated Statement of Changes in Equity - GBP (£) £ in Thousands | Share capital Ordinary shares | Share capital | Share premium Ordinary shares | Share premium | Treasury share reserve | Other reserves Warrants | Other reserves | Accumulated deficit | Ordinary shares | Warrants | Total
--- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ---
Equity at beginning of period at Dec. 31, 2023 |  | £ 17 |  | £ 257,704 |  |  | £ 86,757 | £ (394,257) |  |  | £ (49,779)
Profit (Loss) for the year |  |  |  |  |  |  |  | (17,121) |  |  | (17,121)
Translation differences |  |  |  |  |  |  | 1,162 |  |  |  | 1,162
Total comprehensive loss |  |  |  |  |  |  | 1,162 | (17,121) |  |  | (15,959)
Share based payment transactions |  |  |  |  |  |  | 4,433 |  |  |  | 4,433
Share issuance to related party |  |  |  | 15,629 |  |  |  |  |  |  | 15,629
Issuance of warrants to related party |  |  |  |  |  |  | 3,907 |  |  |  | 3,907
Exercise of share options |  |  |  | 491 |  |  |  |  |  |  | 491
Repurchase of ordinary shares |  |  |  |  | £ (803) |  |  |  |  |  | (803)
Transfer of reserves |  |  |  |  |  |  | 995 | (995) |  |  |
Equity at end of period at Jun. 30, 2024 |  | 17 |  | 273,824 | (803) |  | 97,254 | (412,373) |  |  | (42,081)
Equity at beginning of period at Dec. 31, 2024 |  | 55 |  | 554,391 | (803) |  | 99,299 | (1,152,283) |  |  | (499,341)
Profit (Loss) for the year |  |  |  |  |  |  |  | 250,962 |  |  | 250,962
Translation differences |  |  |  |  |  |  | 2,151 |  |  |  | 2,151
Total comprehensive loss |  |  |  |  |  |  | 2,151 | 250,962 |  |  | 253,113
Share based payment transactions |  |  |  |  |  |  | 2,816 |  |  |  | 2,816
Share issuance | £ 9 |  | £ 34,226 |  |  |  |  |  | £ 34,235 |  |
Issuance of warrants |  |  |  |  |  | £ 18,032 |  |  |  | £ 18,032 |
Share issuance to related party |  | 3 |  | 12,982 |  |  |  |  |  |  | 12,985
Issuance of warrants to related party |  |  |  |  |  |  | (6,840) |  |  |  | (6,840)
Transaction costs on issuance of equity instruments |  |  |  | (3,142) |  |  | (1,654) |  |  |  | (4,796)
Exercise of share options |  |  |  | 11 |  |  |  |  |  |  | 11
Transfer of reserves |  |  |  |  |  |  | (706) | 706 |  |  |
Equity at end of period at Jun. 30, 2025 |  | £ 67 |  | £ 598,468 | £ (803) |  | £ 126,778 | £ (900,615) |  |  | £ (176,105)

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