Three months ended

Six months ended

June 30,

 

2026

2025

2026

2025

 

$’m

 

$’m

 

$’m

 

$’m

Revenue

42.4

45.1

94.2

92.6

Cost of sales

(4.7)

(39.9)

(11.3)

(79.8)

Administrative expenses

(6.7)

(8.9)

(14.7)

(19.6)

Gain on disposal of subsidiary (note 20)

20.0

—

20.0

—

Impairment of held for sale non-current assets

(45.4)

—

(75.4)

—

Other income

0.2

0.9

0.2

1.2

Operating income/(loss)

5.8

(2.8)

13.0

(5.6)

Finance income

4.0

4.4

13.9

6.5

Finance costs

(11.5)

(34.9)

(25.8)

(56.1)

(Loss)/income before tax from discontinued operations

(1.7)

(33.3)

1.1

(55.2)

Income tax (expense)/benefit:

Related to pre tax income from the ordinary activities

(1.6)

13.1

(1.5)

18.7

Related to remeasurement to fair value less costs to sell

10.9

—

17.9

—

Income/(loss) from discontinued operations

7.6

(20.2)

17.5

(36.5)

Other comprehensive income:

Exchange differences on translation of foreign operations

4.0

54.9

35.9

129.5

Other comprehensive income for the period, net of taxes

4.0

54.9

35.9

129.5

Total comprehensive income for the period

11.6

34.7

53.4

93.0

Net cash from operating activities

41.6

28.2

76.5

55.4

Net cash used in investing activities

(13.8)

(15.4)

(29.8)

(41.5)

Net cash used in financing activities

(28.1)

(6.4)

(40.4)

(37.0)

Net (decrease)/increase in cash by the discontinued operation

(0.3)

6.4

6.3

(23.1)