IP Group Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	16.5	115.6	100.9	88.7	105.7
Short-Term Investments	-	170	126	152.8	216.2
Cash & Short-Term Investments	16.5	285.6	226.9	241.5	321.9
Cash Growth	-94.22%	25.87%	-6.05%	-24.98%	19.09%
Accounts Receivable	-	0.7	0.6	2.1	1.7
Other Receivables	3.2	6.4	8.2	46.5	14.6
Receivables	3.2	7.1	8.8	48.6	16.3
Prepaid Expenses	0.1	0.8	0.8	0.8	0.4
Other Current Assets	-	13.9	-	0.7	1.2
Total Current Assets	19.8	307.4	236.5	291.6	339.8
Property, Plant & Equipment	-	0.8	1.4	0.4	0.3
Long-Term Investments	1,078	824.1	1,166	1,259	1,508
Goodwill	0.4	0.4	0.4	0.4	0.4
Other Long-Term Assets	-	18.5	7.8	6.9	31.3
Total Assets	1,099	1,151	1,412	1,558	1,879
Accounts Payable	0.2	0.3	0.5	1.3	0.5
Accrued Expenses	2.8	7.8	8.3	7.6	8.5
Current Portion of Long-Term Debt	119.7	6.3	6.3	6.3	15.4
Current Portion of Leases	-	1	1.4	0.9	1.3
Other Current Liabilities	-	3.4	6.9	7.1	8.4
Total Current Liabilities	122.7	18.8	23.4	23.2	34.1
Long-Term Debt	-	142.7	148.7	94.6	55.1
Long-Term Deferred Tax Liabilities	0.8	4.5	4.8	6.8	5.8
Other Long-Term Liabilities	-	32.7	44.4	57.1	46.2
Total Liabilities	123.5	198.7	221.3	181.7	141.2
Common Stock	17.8	19.5	21.3	21.3	21.3
Additional Paid-In Capital	102.5	102.5	102.5	102.5	102.4
Retained Earnings	851.3	842.2	1,076	1,258	1,618
Comprehensive Income & Other	3.5	1.8	-	-	-
Total Common Equity	975.1	966	1,199	1,382	1,741
Minority Interest	-	-13.5	-9.1	-5.6	-3.1
Shareholders' Equity	975.1	952.5	1,190	1,376	1,738
Total Liabilities & Equity	1,099	1,151	1,412	1,558	1,879
Total Debt	119.7	150	156.4	101.8	71.8
Net Cash (Debt)	-103.2	135.6	70.5	139.7	250.1
Net Cash Growth	-	92.34%	-49.54%	-44.14%	47.81%
Net Cash Per Share	-0.11	0.13	0.07	0.14	0.23
Filing Date Shares Outstanding	883.43	975.29	1,037	1,035	1,041
Total Common Shares Outstanding	883.43	975.29	1,037	1,035	1,041
Working Capital	-102.9	288.6	213.1	268.4	305.7
Book Value Per Share	1.10	0.99	1.16	1.33	1.67
Tangible Book Value	974.7	965.6	1,199	1,381	1,741
Tangible Book Value Per Share	1.10	0.99	1.16	1.33	1.67

Source: S&P Global Market Intelligence. Standard template. Financial Sources.