Market cap
$43 Mln
Revenue (TTM)
$45 Mln
P/E Ratio
0.6
P/B Ratio
3.3
Div. Yield
0 %
Income Statement (£ Mln) |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Operating Revenue
|
15.52
|
48.52
|
57.72
|
47.76
|
98.75
|
18.96
|
|||||
|
Cost of Revenue
|
15.23
|
47.06
|
54.62
|
47.23
|
29.52
|
20.49
|
|||||
|
Gross Profit
|
0.29
|
1.46
|
3.10
|
9.03
|
69.22
|
5.34
|
|||||
|
Operating Expenses
|
10.06
|
16.78
|
22.84
|
40.37
|
14.32
|
6.07
|
|||||
|
Operating Profit (EBIT)
|
-9.77
|
-15.33
|
-19.74
|
-22.09
|
54.90
|
1.60
|
|||||
|
Other Income
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Profit before Tax
|
4.67
|
-54.76
|
-34.64
|
-199.11
|
50.39
|
1.44
|
|||||
|
Provision for Tax
|
-0.41
|
0.34
|
4.60
|
-11.73
|
11.32
|
0.57
|
|||||
|
Profit after Tax (Net Income)
|
5.08
|
-55.10
|
-34.64
|
-228.96
|
39.07
|
1.36
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Consolidated Profit
|
--
|
--
|
--
|
-194.23
|
30.77
|
1.44
|
Liabilities (£ Mln) |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Shareholder's Funds
|
12.90
|
-29.49
|
0.16
|
24.58
|
272.27
|
24.33
|
|||||
|
Minority Interest
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Non-Current Liabilities
|
1.77
|
39.30
|
48.20
|
64.27
|
42.11
|
5.33
|
|||||
|
Current Liabilities
|
8.06
|
9.44
|
27.59
|
21.39
|
73.77
|
6.00
|
|||||
|
Total Liabilities
|
22.73
|
19.26
|
75.94
|
110.23
|
388.15
|
44.49
|
Assets (£ Mln) |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Non-Current Assets
|
18.65
|
7.55
|
61.02
|
82.90
|
177.79
|
32.41
|
|||||
|
Current Assets
|
4.08
|
11.71
|
14.92
|
22.28
|
210.36
|
12.08
|
|||||
|
Total Assets
|
22.73
|
19.26
|
75.94
|
110.23
|
388.15
|
44.49
|
|||||
|
Total Debt*
|
3.51
|
40.16
|
62.52
|
75.88
|
72.95
|
10.22
|
|||||
|
Net Current Assets
|
-3.98
|
2.27
|
-12.66
|
2.54
|
101.24
|
4.46
|
Cashflow (£ Mln) |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Cash From Operating Activities
|
-25.01
|
-44.80
|
-47.96
|
-101.24
|
-37.02
|
3.43
|
|||||
|
Cash Flow from Investing Activities
|
17.63
|
55.07
|
50.80
|
17.33
|
-183.07
|
-1.44
|
|||||
|
Cash from Financing Activities
|
1.05
|
-9.32
|
-15.78
|
84.18
|
233.06
|
0.58
|
|||||
|
Net Cash Inflow / Outflow
|
--
|
--
|
--
|
--
|
--
|
--
|
Financials Ratios |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Adjusted EPS (£)
|
15.30
|
-192.87
|
-142.95
|
-0.55
|
203.30
|
0.04
|
|||||
|
Cash EPS (£)
|
24.77
|
-140.68
|
-59.88
|
-0.49
|
263.19
|
0.22
|
|||||
|
Adjusted Book Value (£)
|
38.82
|
--
|
0.65
|
0.06
|
1,416.61
|
0.73
|
|||||
|
Dividend per Share (£)
|
--
|
--
|
--
|
--
|
--
|
--
|
|||||
|
Cash Flow per Share (£)
|
-75.25
|
-156.80
|
-197.92
|
-0.24
|
-192.61
|
0.10
|
|||||
|
Free Cash Flow per Share (£)
|
-75.63
|
-156.80
|
-202.51
|
-0.50
|
-1,171.69
|
0.03
|
Profitability Ratios |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
ROCE (%)
|
37.55
|
-150.24
|
-42.47
|
-102.75
|
20.58
|
4.30
|
|||||
|
ROE (%)
|
-61.31
|
375.78
|
-280.05
|
-154.26
|
26.35
|
5.27
|
|||||
|
ROA (%)
|
24.22
|
-115.76
|
-37.21
|
-91.88
|
18.06
|
3.53
|
|||||
|
EBIT Margin (%)
|
57.17
|
-98.84
|
-39.99
|
-46.25
|
54.00
|
-1.00
|
|||||
|
Net Margin (%)
|
32.76
|
-113.58
|
-60.01
|
-479.43
|
39.57
|
7.17
|
|||||
|
Cash Profit Margin (%)
|
--
|
--
|
--
|
--
|
--
|
--
|
Growth Ratios |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Revenue Growth (%)
|
-0.68
|
-0.16
|
0.21
|
-0.52
|
4.21
|
0.68
|
|||||
|
EBIT Growth (%)
|
118.51
|
-107.76
|
-4.50
|
-141.42
|
28,311.40
|
82.59
|
|||||
|
Net Profit Growth (%)
|
109.23
|
-59.08
|
84.87
|
-685.97
|
2,776.03
|
257.32
|
|||||
|
EPS Growth (%)
|
1.08
|
-0.35
|
-258.23
|
-1.00
|
4,974.37
|
1.01
|
|||||
|
Book Value Growth (%)
|
--
|
--
|
--
|
--
|
--
|
--
|
Solvency Ratios |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debt to Equity
|
0.27
|
-1.36
|
395.68
|
3.09
|
0.27
|
0.42
|
|||||
|
Short term debt to equity ratio
|
0.13
|
-0.03
|
90.63
|
0.47
|
0.12
|
0.20
|
|||||
|
Current Ratio
|
0.51
|
1.24
|
0.54
|
1.04
|
2.85
|
2.01
|
|||||
|
Quick Ratio
|
--
|
--
|
0.58
|
1.04
|
2.55
|
1.88
|
|||||
|
Interest Coverage
|
2.11
|
-7.04
|
-2.00
|
-0.97
|
18.17
|
-0.88
|
Operating Efficiency Ratios |
Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
|
Debtors to sales (%)
|
4.16
|
5.05
|
1.96
|
1.40
|
10.20
|
9.02
|
|||||
|
Asset Turnover
|
0.74
|
1.02
|
0.62
|
0.19
|
0.46
|
0.49
|
|||||
|
Receivable days
|
36.43
|
13.48
|
5.70
|
41.08
|
21.79
|
36.46
|
|||||
|
Inventory Days
|
--
|
-8.78
|
-3.78
|
85.66
|
141.91
|
4.21
|
|||||
|
Payable days
|
65.59
|
49.82
|
70.06
|
117.34
|
131.83
|
35.44
|
|||||
|
Cash Conversion Cycle
|
--
|
-45.12
|
-68.14
|
9.40
|
31.87
|
5.23
|