Solid State Balance Sheet

Financials in millions GBP. Fiscal year is April - March.

Millions GBP. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	6.57	3.51	8.45	12.22	4.98
Cash & Short-Term Investments	6.57	3.51	8.45	12.22	4.98
Cash Growth	86.96%	-58.40%	-30.91%	145.31%	-27.93%
Accounts Receivable	17.09	18.36	28	16.38	14.95
Other Receivables	2.53	1.2	0.15	0.16	0.13
Receivables	19.62	19.56	28.15	16.54	15.07
Inventory	30.5	28.24	25.08	33.23	17.6
Prepaid Expenses	2.93	3.05	3.38	3.16	2.9
Total Current Assets	59.62	54.35	65.06	65.15	40.56
Property, Plant & Equipment	11.92	11.56	7.82	6.7	5.4
Goodwill	26.46	26.83	29.41	29.73	9.9
Other Intangible Assets	6.53	8.5	9.26	11.16	5.73
Long-Term Deferred Tax Assets	1.04	1.46	0.61	0.38	0.54
Long-Term Deferred Charges	1.66	1.63	1.44	0.68	0.2
Total Assets	107.21	104.34	113.58	113.79	62.33
Accounts Payable	7.62	10.07	10.01	12.92	8.08
Accrued Expenses	8.93	6.24	11.31	10.44	8.32
Short-Term Debt	-	-	2.06	-	2.06
Current Portion of Long-Term Debt	0.02	8.63	1.34	1.28	-
Current Portion of Leases	1.22	1.4	1.11	1.06	0.76
Current Income Taxes Payable	0.15	0.23	1.22	1.11	0.53
Current Unearned Revenue	6.28	5.85	6.46	5.38	3.46
Other Current Liabilities	1.84	1.08	0.45	6.38	4.71
Total Current Liabilities	26.05	33.5	33.96	38.56	27.92
Long-Term Debt	10.14	1.94	9.72	13.38	1.5
Long-Term Leases	4.67	4.6	2.47	0.99	1.33
Long-Term Deferred Tax Liabilities	1.78	1.55	1.98	2.19	1.83
Other Long-Term Liabilities	1.26	1.26	0.84	0.72	2.67
Total Liabilities	43.9	42.85	48.96	55.83	35.25
Common Stock	2.85	2.85	0.57	0.57	0.43
Additional Paid-In Capital	28.3	28.3	30.58	30.47	3.63
Retained Earnings	35.6	33.15	35.09	27.81	23.04
Treasury Stock	-0.5	-0.54	-0.04	-0.11	-0.06
Comprehensive Income & Other	-2.94	-2.27	-1.58	-0.83	0.04
Total Common Equity	63.31	61.5	64.62	57.91	27.08
Minority Interest	-	-	-	0.05	-
Shareholders' Equity	63.31	61.5	64.62	57.95	27.08
Total Liabilities & Equity	107.21	104.34	113.58	113.79	62.33
Total Debt	16.05	16.57	16.69	16.71	5.64
Net Cash (Debt)	-9.48	-13.06	-8.24	-4.48	-0.66
Net Cash Per Share	-0.17	-0.23	-0.14	-0.08	-0.02
Filing Date Shares Outstanding	56.73	56.66	56.78	56.69	56.58
Total Common Shares Outstanding	56.73	56.66	56.78	56.69	42.79
Working Capital	33.57	20.85	31.1	26.59	12.64
Book Value Per Share	1.12	1.09	1.14	1.02	0.63
Tangible Book Value	30.33	26.16	25.95	17.03	11.45
Tangible Book Value Per Share	0.53	0.46	0.46	0.30	0.27
Land	0.47	0.49	0.49	0.5	0.47
Machinery	10.44	8.88	7.65	7.18	4.94
Leasehold Improvements	4.14	3.78	2.7	2.07	1.98
Order Backlog	102.4	108.5	88.4	120.1	85.5