| Summary of earnings/(loss) per share |
| | | | | | | | | | | 3 months ended June 30, | | 6 months ended June 30, | | | 2025 | | 2024 | | 2025 | | 2024 | | | £ 000 | | £ 000 | | £ 000 | | £ 000 | Net profit/(loss) for the period for basic earnings per share | | (144,763) | | 11,740 | | 250,962 | | (17,121) | Adjustment for calculation of diluted earnings per share: | | | | | | | | | Fair value movements on financial liabilities at fair value through profit and loss | | — | | — | | (258,719) | | — | In-kind interest on financial liabilities at fair value through profit and loss | | — | | — | | 5,782 | | — | Net loss for the period for diluted earnings per share | | (144,763) | | 11,740 | | (1,975) | | (17,121) | | | | | | | | | | | | No. of shares | | No. of shares | | No. of shares | | No. of shares | Weighted average issued shares for basic earnings per share | | 82,319,241 | | 19,297,390 | | 80,090,993 | | 19,233,930 | Adjustment for calculation of diluted earnings per share upon conversion of: | | — | | — | | | | | Financial liabilities at fair value through profit and loss | | — | | — | | 37,376,218 | | — | Weighted average issued shares for diluted earnings per share | | 82,319,241 | | 19,297,390 | | 117,467,211 | | 19,233,930 | | | | | | | | | | | | £ | | £ | | £ | | £ | Basic earnings/(loss) per share | | (1.76) | | 0.61 | | 3.13 | | (0.89) | Diluted earnings/(loss) per share | | (1.76) | | 0.61 | | (0.02) | | (0.89) |
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