| Summary of (loss)/earnings per share |
| | | | | | | | | | | 3 months ended June 30, | | 6 months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | £ 000 | | £ 000 | | £ 000 | | £ 000 | Net (loss)/earnings for the period for basic earnings per share | | (42,125) | | (144,763) | | 18,685 | | 250,962 | 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)/earnings for the period for diluted earnings per share | | (42,125) | | (144,763) | | 18,685 | | (1,975) | | | | | | | | | | | | No. of shares | | No. of shares | | No. of shares | | No. of shares | Weighted average issued shares for basic earnings per share | | 132,999,112 | | 82,319,241 | | 116,941,228 | | 80,090,993 | Adjustment for calculation of diluted earnings per share upon conversion of: | | | | | | | | | Financial liabilities at fair value through profit and loss | | — | | — | | 4,116,662 | | 37,376,218 | Employee share options | | — | | — | | 672,691 | | — | Weighted average issued shares for diluted earnings per share | | 132,999,112 | | 82,319,241 | | 121,730,851 | | 117,467,211 | | | | | | | | | | | | £ | | £ | | £ | | £ | Basic (loss)/earnings per share | | (0.32) | | (1.76) | | 0.16 | | 3.13 | Diluted (loss)/earnings per share | | (0.32) | | (1.76) | | 0.15 | | (0.02) |
|