Vertical Aerospace Balance Sheet

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

Millions GBP. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Cash & Equivalents	66.79	48.68	62.93	212.66	0.84	1.03
Short-Term Investments	-	-	59.89	-	-	-
Cash & Short-Term Investments	66.79	48.68	122.81	212.66	0.84	1.03
Cash Growth	-25.54%	-60.36%	-42.25%	25246.84%	-18.46%	-
Accounts Receivable	-	-	-	-	-	0.04
Other Receivables	13.88	21.35	11.7	6.09	2.8	1.1
Receivables	13.88	21.35	11.7	6.09	2.8	1.14
Prepaid Expenses	6.18	5.06	7.17	6.57	0.73	0.33
Restricted Cash	1.7	1.7	1.7	-	-	-
Total Current Assets	88.54	76.79	143.38	225.32	4.37	2.5
Property, Plant & Equipment	5.78	6.27	5.81	3.8	2.48	2.75
Goodwill	-	-	-	1.47	1.47	1.47
Other Intangible Assets	0.48	1.02	2.05	2.74	0.56	0.59
Total Assets	94.81	84.09	151.24	233.33	8.89	7.31
Accounts Payable	4.61	3.73	4.45	6.72	0.85	0.7
Accrued Expenses	12.31	13.14	11.58	33.51	1.56	0.36
Short-Term Debt	-	-	-	-	6.31	-
Current Portion of Leases	0.56	0.64	0.52	0.36	0.18	0.22
Current Income Taxes Payable	-	-	-	-	0	-
Other Current Liabilities	0.61	0.91	4.96	10.73	-	0.31
Total Current Liabilities	18.09	18.42	21.51	51.32	8.89	1.59
Long-Term Debt	112.77	109.29	115.25	112.8	-	-
Long-Term Leases	1.75	1.98	2.65	1.58	0.85	0.95
Other Long-Term Liabilities	4.28	4.18	4.52	6.07	0.09	0.61
Total Liabilities	136.89	133.86	143.92	171.77	9.82	3.14
Common Stock	0.02	0.02	0.02	0.02	-	4.16
Additional Paid-In Capital	273.82	257.7	257.2	248.35	-	-
Retained Earnings	-412.37	-394.26	-344.75	-250.12	-5.06	-
Comprehensive Income & Other	97.25	86.76	94.86	63.31	4.12	-
Shareholders' Equity	-42.08	-49.78	7.32	61.56	-0.94	4.16
Total Liabilities & Equity	94.81	84.09	151.24	233.33	8.89	7.31
Total Debt	115.08	111.91	118.41	114.74	7.33	1.17
Net Cash (Debt)	-48.29	-63.23	4.41	97.92	-6.49	-0.14
Net Cash Growth	-	-	-95.50%	-	-	-
Net Cash Per Share	-2.48	-3.31	0.25	7.89	-0.65	-0.01
Filing Date Shares Outstanding	22.32	22.12	21.42	20.91	0.1	9.99
Total Common Shares Outstanding	22.32	22.12	21.42	20.91	0.1	9.99
Working Capital	70.46	58.38	121.87	174	-4.52	0.91
Book Value Per Share	-1.88	-2.25	0.34	2.94	-8.95	-
Tangible Book Value	-42.56	-50.8	5.27	57.35	-2.97	2.1
Tangible Book Value Per Share	-1.91	-2.30	0.25	2.74	-28.31	-
Machinery	-	1.72	1.24	1.07	0.44	0.3
Construction In Progress	-	0.61	-	-	-	-
Leasehold Improvements	-	3.35	2.72	1.53	1.37	1.35

Source: S&P Capital IQ. Standard template. Financial Sources.