v3.26.1
Consolidated Statement of Changes in Equity - GBP (£)
£ in Thousands
Share capital
Share premium
Treasury share reserve
Other reserves
Accumulated deficit
Total
Equity at beginning of period at Dec. 31, 2022 £ 16 £ 257,197   £ 94,857 £ (344,752) £ 7,318
Profit (Loss) for the year         (59,946) (59,946)
Translation differences       (6,881)   (6,881)
Total comprehensive Profit (Loss)       (6,881) (59,946) (66,827)
Share based payment transactions   (289)   8,935 287 8,933
Exercise of options 1 796       797
Transfer of reserves       (10,154) 10,154  
Equity at end of period at Dec. 31, 2023 17 257,704   86,757 (394,257) (49,779)
Profit (Loss) for the year         (781,240) (781,240)
Change in fair value from own credit risk       22,293   22,293
Translation differences       2,426   2,426
Total comprehensive Profit (Loss)       24,719 (781,240) (756,521)
Share based payment transactions       7,130   7,130
Share issuance to related party   15,629       15,629
Issuance of warrants to related party       3,907   3,907
Return of Company's ordinary shares     £ (803)     (803)
Transfer of other reserves upon extinguishment of convertible loan notes       (22,293) 22,293  
Partial conversion of convertible loan notes 38 280,567       280,605
Transfer of reserves   491   (921) 921 491
Equity at end of period at Dec. 31, 2024 55 554,391 (803) 99,299 (1,152,283) (499,341)
Profit (Loss) for the year         232,928 232,928
Translation differences       7,229   7,229
Total comprehensive Profit (Loss)       7,229 232,928 240,157
Share based payment transactions       8,924   8,924
Share issuance 19 88,890       88,909
Issuance of warrants       17,963   17,963
Share issuance to related party 5 22,333       22,338
Issuance of warrants to related party       6,909   6,909
Transaction costs on issuance of equity instruments   (5,917)   (1,654)   (7,571)
Exercise of warrants   275   (55)   220
Exercise of options   47       47
Transfer of reserves       (1,782) 1,782  
Equity at end of period at Dec. 31, 2025 £ 79 £ 660,019 £ (803) £ 136,833 £ (917,573) £ (121,445)