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Company reports as filed with the U.S. Securities and Exchange Commission.
| Metric | 28/02/2026 | 31/08/2025 | 31/05/2025 | 28/02/2025 | 31/08/2024 | 31/05/2024 |
|---|---|---|---|---|---|---|
| Revenue | 6M | 8M | 44M | 18M | 13M | 12M |
| Research and development | 84M | 86M | 78M | 70M | 55M | 49M |
| Selling, general and administrative | 15M | 13M | 14M | 12M | 12M | 12M |
| Operating expenses | 99M | 99M | 92M | 81M | 67M | 61M |
| Operating income | −92M | −91M | −48M | −63M | −55M | −49M |
| Pre-tax income | — | −86M | −43M | −56M | −49M | −44M |
| Income tax | — | 0 | 760,000 | 0 | 82,000 | 90,000 |
| Net income | −87M | −86M | −43M | −56M | −49M | −45M |
| Earnings per share | −0.79 | −1.03 | −0.52 | −0.67 | −0.67 | −0.71 |
| Earnings per share, diluted | −0.79 | −1.03 | −0.52 | −0.67 | −0.67 | −0.71 |
| Weighted average shares | 110M | 84M | 84M | 84M | 73M | 62M |
| Weighted average shares, diluted | 110M | 84M | 84M | 84M | 73M | 62M |
| Metric | 28/02/2026 | 30/11/2025 | 31/08/2025 | 31/05/2025 | 28/02/2025 | 30/11/2024 | 31/08/2024 | 31/05/2024 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 71M | 247M | 78M | 84M | 76M | 110M | 99M | 117M |
| Receivables | — | — |
| Metric | 28/02/2026 | 28/02/2025 |
|---|---|---|
| Operating cash flow | −72M | −61M |
| Depreciation and amortisation | 2M | 2M |
| Share-based compensation | 9M | 9M |
| Capital expenditure | 1M | 3M |
| Investing cash flow | −124M | 26M |
| Financing cash flow | 20M |
Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator
| — |
| 19M |
| — |
| 0 |
| — |
| — |
| Current assets | 554M | 607M | 441M | 515M | 564M | 619M | 456M | 450M |
| Property, plant and equipment | 22M | 22M | 20M | 19M | 18M | 18M | 17M | 19M |
| Total assets | 636M | 688M | 522M | 592M | 615M | 669M | 514M | 511M |
| Current liabilities | 92M | 86M | 82M | 76M | 90M | 96M | 86M | 81M |
| Total liabilities | 155M | 149M | 150M | 144M | 134M | 142M | 137M | 140M |
| Equity | 481M | 539M | 372M | 448M | 481M | 527M | 377M | 371M |
| Shares outstanding | 103M | 102M | 77M | 76M | 76M | 76M | 67M | 64M |
| Shares issued | 103M | 102M | 77M | 76M | 76M | 76M | 67M | 64M |
| 1M |