Three months ended

Nine months ended

September 30,

 

2026

2025

2026

2025

 

$’m

 

$’m

 

$’m

 

$’m

Revenue

17.6

51.2

111.8

143.8

Cost of sales

(0.5)

(56.8)

(11.8)

(136.6)

Administrative expenses

(4.7)

(18.7)

(19.3)

(38.4)

Net loss on disposal of subsidiaries (note 20)

(58.7)

—

(38.7)

—

Impairment of held for sale non-current assets

—

(75.4)

—

Other income

0.4

1.6

0.6

2.9

Operating loss

(45.9)

(22.7)

(32.8)

(28.3)

Finance income

6.0

8.2

19.9

14.7

Finance costs

(0.9)

(14.6)

(26.7)

(70.6)

Loss before tax from discontinued operations

(40.8)

(29.1)

(39.6)

(84.2)

Income tax benefit:

Related to pre tax income from the ordinary activities

4.3

8.8

2.7

27.3

Related to remeasurement to fair value less costs to sell

—

17.9

—

Loss from discontinued operations

(36.5)

(20.3)

(19.0)

(56.9)

Other comprehensive income:

Net exchange loss recycled to income statement on disposal of subsidiaries

36.3

—

20.3

—

Exchange differences on translation of foreign operations

1.8

36.4

53.7

165.9

Other comprehensive income for the period, net of taxes

38.1

36.4

74.0

165.9

Total comprehensive income for the period

1.6

16.1

55.0

109.0

Net cash from operating activities

3.2

38.0

79.8

93.4

Net cash used in investing activities

(29.7)

(19.3)

(59.5)

(60.8)

Net cash used in financing activities

(3.4)

(11.6)

(43.8)

(48.6)

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

(29.9)

7.1

(23.5)

(16.0)