​

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)