Loss per share (Tables)

12 Months Ended

Jun. 30, 2026

Loss per share

Schedule of earnings/(loss) per share


		2026		2025		2024
Loss for the year (£’000)		(42,954)		(33,023)		(113,159)
Basic loss per share (pence)		(24.91)		(19.32)		(68.44)
Diluted loss per share (pence)⁽¹⁾		(24.91)		(19.32)		(68.44)

Schedule of weighted average number of shares


		2026		2025		2024
		Number		Number		Number
		‘000		‘000		‘000
Class A ordinary shares ⁽²⁾		57,768		57,225		56,091
Class B ordinary shares ⁽²⁾		116,348		115,389		110,937
Treasury shares		(1,683)		(1,683)		(1,683)
Weighted average number of ordinary shares used as the denominator in calculating basic loss per share		172,433		170,931		165,345
Adjustment for calculation of diluted loss per share assumed conversion into Class A ordinary shares⁽¹⁾		—		—		—
Weighted average number of ordinary shares and potential ordinary shares used as the denominator in calculating diluted loss per share⁽¹⁾		172,433		170,931		165,345

(1)	For the years ended 30 June 2026, 30 June 2025 and 30 June 2024, potential ordinary shares are anti-dilutive, as their inclusion in the diluted loss per share calculation would reduce the loss per share, and hence have been excluded.

(2)	The increase in Class A and Class B ordinary shares in 2026 and 2025 is a result of the transaction agreement with INEOS. See Note 22 for further detail.