v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - GBP (£)
£ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
OPERATING ACTIVITIES    
Profit for the year £ (15,063) £ 9,098
Income tax charge (635) (2,381)
Non-cash adjustments 37,665 46,207
Tax received / (paid) 3,894 (3,786)
UK research and development credit received 3,871 0
Net changes in working capital 10,678 (12,716)
Net cash from operating activities 40,410 36,422
INVESTING ACTIVITIES    
Purchase of non-current assets (tangibles and intangibles) (11,127) (1,571)
Proceeds / (Loss) from disposal of non-current assets 63 36
Payment for acquisition of subsidiary, net of cash acquired (3,586) (5,900)
Interest received 1,249 720
Net cash used in investing activities (13,401) (6,715)
FINANCING ACTIVITIES    
Proceeds from sublease 53 64
Proceeds from borrowings 43,000 10,000
Repayment of borrowings (23,330) (30,842)
Repayment of lease liabilities (6,583) (6,159)
Repayment of lease interest (855) (989)
Interest and debt financing costs paid (5,162) (4,282)
Grant received 10 274
Payment for repurchase of own shares (24,985) 0
Net cash used in financing activities (17,852) (31,934)
Net change in cash and cash equivalents 9,157 (2,227)
Cash and cash equivalents at the beginning of the year 59,345 62,358
Net foreign exchange differences (18) (66)
Cash and cash equivalents at the end of the year £ 68,484 £ 60,065