Earnings per share (Tables)

12 Months Ended

Dec. 31, 2025

Basic and diluted earnings / (loss) per share were calculated as follows:


	Years ended December 31,
In millions except share and per-share data	2025		2024		2023
Basic earnings / (loss):
Net income / (loss) from continuing operations	$	13.1	$	18.3	$	(2.6)
Net (loss) / income from discontinued operations	(5.4)		0.1		0.7
Net income / (loss)	$	7.7	$	18.4	$	(1.9)

Weighted average number of £0.50 ordinary shares:
For basic earnings / (loss) per share	26,727,422		26,804,873		26,897,556
Dilutive effect of potential common stock	517,685		279,028		123,403
For diluted earnings / (loss) per share	27,245,107		27,083,901		27,020,959

Earnings / (loss) per share using weighted average number of ordinary shares outstanding:(1)(2)
Basic earnings / (loss) from continuing operations	$	0.49	$	0.68	$	(0.10)
Basic (loss) / earnings from discontinued operations	$	(0.20)	$	—	$	0.03
Basic earnings / (loss) per ordinary share	$	0.29	$	0.69	$	(0.07)

Diluted earnings / (loss) from continuing operations	$	0.48	$	0.68	$	(0.10)
Diluted (loss) / earnings from discontinued operations	$	(0.20)	$	—	$	0.03
Diluted earnings / (loss) per ordinary share	$	0.28	$	0.68	$	(0.07)

(1) The calculation of earnings / (loss) per share is performed separately for continuing and discontinued operations. As a result, the sum of the two in any particular year may not equal the earnings-per-share amount in total.

(2) The loss per share for discontinued operations in 2025 and continuing operations in 2023 has not been diluted, since the incremental shares included in the weighted-average number of shares outstanding would have been anti-dilutive.