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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 | 30 Nov 2024 | 31 Dec 2023 | 30 Nov 2023 |
|---|---|---|---|---|---|
| Revenue | 5M | 4M | 0 | 2M | 0 |
| Selling, general and administrative | 20M | 16M | — | 14M | — |
| Operating income | −61M | −95M | — | 92M | — |
| Pre-tax income | −224M | −92M | — | 87M | — |
| Net income | −217M | −91M | — | 90M | — |
| Weighted average shares | 897M | 892M | — | 848M | — |
| Metric | 18 Aug 2026 | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 | 31 Dec 2022 |
|---|---|---|---|---|---|
| Cash and equivalents | — | 466M | 109M | 131M | 51M |
| Receivables | — | 5M | 3M | 2M | — |
| Inventory | — | 12M |
| Metric | 31 Dec 2025 | 31 Dec 2024 | 31 Dec 2023 |
|---|---|---|---|
| Operating cash flow | −68M | −40M | −31M |
| Depreciation and amortisation | 18M | 10M | 9M |
| Share-based compensation | 5M | 5M | 4M |
| Capital expenditure | 50M | 8M | 3M |
| Investing cash flow |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 4M |
| 4M |
| — |
| Current assets | — | 560M | 124M | 149M | — |
| Total assets | — | 1.11B | 664M | 727M | — |
| Current liabilities | — | 52M | 34M | 18M | — |
| Total liabilities | — | 738M | 99M | 85M | — |
| Equity | — | 368M | 564M | 642M | 436M |
| Shares outstanding | — | 902M | 896M | 891M | 826M |
| −50M |
| 426,000 |
| −719,000 |
| Financing cash flow | 474M | 15M | 111M |