Cash Flow Adjustments and Changes in Working Capital (Tables)

6 Months Ended

Dec. 31, 2025

Disclosure of cash flow statement [Abstract]

Schedule of cash flow statement adjustments


			Six Months Ended December 31
Non-cash adjustments			2025 £’000						2024 £’000
Depreciation, amortisation and impairment of non-financial assets			20,785						24,133
Interest income			(1,249)						(720)
Interest expense			6,386						5,604
Unrealised foreign exchange gain			(567)						(2,493)
Grant income			(1,435)						(923)
Research and development tax credit			(485)						(271)
Share-based compensation expense			14,176						21,965
Fair value movement on contingent consideration			(169)						(1,871)
Fair value movement of financial liabilities			(2)						25
Loss on disposal of non-current assets (tangibles and intangibles)			225						688
Loss on disposal of right-of-use asset			—						70
Total non-cash adjustments			37,665						46,207


			Six Months Ended December 31
Net changes in working capital			2025 £’000						2024 £’000
Decrease in trade and other receivables			15,350						700
Decrease in trade and other payables			(4,672)						(13,416)
Total changes in working capital			10,678						(12,716)