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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Revenue | 210M | 228M |
| Selling, general and administrative | 93M | 53M |
| Operating expenses | 297M | 285M |
| Operating income | −87M | −57M |
| Pre-tax income | −103M | −347M |
| Income tax | 4M | 37,000 |
| Net income | −83M | −283M |
| Earnings per share | −0.73 | −4.63 |
| Earnings per share, diluted | −0.73 | −4.63 |
| Weighted average shares | 115M | 61M |
| Weighted average shares, diluted | 115M | 61M |
| Metric | 31 Mar 2026 | 31 Dec 2025 | 30 Sept 2025 | 30 Jun 2025 | 31 Mar 2025 | 31 Dec 2024 | 30 Sept 2024 | 30 Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 232M | 583M | 622M | 345M | 373M | 208M | 90M | 32M |
| Receivables | 106M | 12M | 23M |
| Metric | 31 Dec 2025 | 31 Dec 2024 |
|---|---|---|
| Operating cash flow | −14M | −58M |
| Depreciation and amortisation | 4M | 2M |
| Share-based compensation | 9M | 9M |
| Capital expenditure | 42M | 10M |
| Investing cash flow | −57M | −10M |
| Dividends paid |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| 37M |
| 29M |
| 45M |
| 51M |
| 38M |
| Inventory | 58M | 0 | — | — | — | — | — | — |
| Current assets | 505M | 619M | 666M | 397M | 431M | 293M | 168M | 83M |
| Property, plant and equipment | 244M | 69M | 49M | 41M | 30M | 23M | 17M | 21M |
| Goodwill | 380M | 19M | — | — | — | 0 | — | — |
| Total assets | 1.72B | 757M | 754M | 476M | 500M | 355M | 225M | 140M |
| Current liabilities | 415M | 125M | 106M | 107M | 98M | 99M | 95M | 85M |
| Short-term debt | — | — | — | — | — | 0 | 0 | 3M |
| Long-term debt | 336M | 335M | 335M | — | — | 0 | — | — |
| Total liabilities | 987M | 553M | 510M | 185M | 172M | 351M | 229M | 150M |
| Equity | −334M | −755M | −404M | −379M | −135M | −1.01B | −495M | −229M |
| Treasury shares | 2M | 2M | 2M | 2M | 2M | 2M | 1M | 1M |
| 0 |
| Share buybacks | 21M | 0 |
| Financing cash flow | 447M | 273M |