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Loss per share (Tables)

12 Months Ended

Jun. 30, 2025

Loss per share

Schedule of loss per share


		2025		2024		2023
Loss for the year (£’000)		(33,023)		(113,159)		(28,678)
Basic loss per share (pence)		(19.32)		(68.44)		(17.59)
Diluted loss per share (pence)⁽¹⁾		(19.32)		(68.44)		(17.59)

Schedule of weighted average number of shares


		2025		2024		2023
		Number		Number		Number
		‘000		‘000		‘000
Class A ordinary shares ⁽¹⁾		57,225		56,091		54,537
Class B ordinary shares ⁽¹⁾		115,389		110,937		110,208
Treasury shares		(1,683)		(1,683)		(1,683)
Weighted average number of ordinary shares used as the denominator in calculating basic loss per share		170,931		165,345		163,062
Adjustment for calculation of diluted loss per share assumed conversion into Class A ordinary shares⁽²⁾		—		—		—
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted loss per share⁽²⁾		170,931		165,345		163,062

(1)	The increase in Class A and Class B ordinary shares is a result of the transaction agreement with INEOS. See Note 6 and Note 22 for further detail.

(2)	For the years ended 30 June 2025, 30 June 2024 and 30 June 2023, potential ordinary shares are anti-dilutive, as their inclusion in the diluted loss per share calculation would reduce the loss per share, and hence have been excluded.