Surface Transforms Plc (AIM:SCE)

Surface Transforms Balance Sheet

Financials in millions GBP. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	1.25	0.46	6.06	14.92	9.96	1.06
Short-Term Investments	-	-	-	-	3.01	-
Cash & Short-Term Investments	1.25	0.46	6.06	14.92	12.97	1.06
Cash Growth	170.13%	-92.38%	-59.37%	15.10%	1125.52%	37.40%
Accounts Receivable	5.19	2.06	2.32	1.74	0.58	0.23
Other Receivables	4.75	2.79	1.42	2.04	0.94	0.62
Receivables	9.94	4.85	3.74	3.79	1.52	0.84
Inventory	6.91	5.38	4.47	3.38	1.34	0.58
Prepaid Expenses	-	0.54	0.94	0.44	0.57	0.24
Total Current Assets	18.1	11.22	15.21	22.53	16.39	2.71
Property, Plant & Equipment	17.09	13.77	16.02	15.19	9.4	5.63
Other Intangible Assets	0.04	0.03	-	0.17	0.13	0.14
Long-Term Accounts Receivable	0.37	0.42	0.72	-	-	-
Long-Term Deferred Charges	-	-	-	2.07	0.44	0.14
Total Assets	35.6	25.45	31.95	39.95	26.37	8.62

Liabilities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Accounts Payable	6.2	3.58	3.86	2.03	1.35	0.61
Accrued Expenses	-	0.85	0.84	1.4	0.48	0.25
Current Portion of Long-Term Debt	9.11	5.21	0.21	0.21	0.33	0.08
Current Portion of Leases	0.37	0.39	0.36	0.3	0.28	0.22
Current Income Taxes Payable	-	0.83	0.36	0.22	0.15	0.06
Current Unearned Revenue	-	2.26	0.59	0.57	0.02	-
Total Current Liabilities	28.58	13.13	6.22	4.73	2.59	1.22
Long-Term Debt	0.08	0.19	0.4	0.89	1.24	0.15
Long-Term Leases	1.41	1.65	1.43	1.34	1.45	1.37
Long-Term Unearned Revenue	0.15	0.16	0.17	0.19	0.2	0.2
Total Liabilities	30.23	15.13	8.22	7.14	5.48	2.94

Shareholders' Equity

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Common Stock	13.02	13.02	3.52	2.41	1.95	1.55
Additional Paid-In Capital	66.79	66.8	67.37	58.22	41.45	22.78
Retained Earnings	-74.91	-69.96	-47.63	-28.27	-22.97	-19.11
Comprehensive Income & Other	0.46	0.46	0.46	0.46	0.46	0.46
Shareholders' Equity	5.37	10.32	23.73	32.82	20.89	5.68
Total Liabilities & Equity	35.6	25.45	31.95	39.95	26.37	8.62

Additional Metrics

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total Debt	10.97	7.45	2.4	2.73	3.29	1.82
Net Cash (Debt)	-9.72	-6.98	3.66	12.2	9.67	-0.76
Net Cash Growth	-	-	-69.97%	26.07%	-	-
Net Cash Per Share	-0.01	-0.01	0.01	0.06	0.05	-0.01
Filing Date Shares Outstanding	1,302	1,302	352.07	240.61	195.19	154.92
Total Common Shares Outstanding	1,302	1,302	352.07	240.61	195.19	154.92
Working Capital	-10.49	-1.91	8.99	17.8	13.8	1.49
Book Value Per Share	0.00	0.01	0.07	0.14	0.11	0.04
Tangible Book Value	5.33	10.29	23.73	32.64	20.76	5.54
Tangible Book Value Per Share	0.00	0.01	0.07	0.14	0.11	0.04
Machinery	-	13.39	11.74	8.66	4.46	4.05
Construction In Progress	-	14.31	10.6	7.9	5.62	2.12
Leasehold Improvements	-	0.42	0.42	0.41	0.25	0.24
Order Backlog	-	-	-	290	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

May 23, 2026

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