| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
|---|
| | | | | | |
| | Millions | Millions | Millions | Millions | Millions |
| Income Statement | 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 |
|---|
| Revenue | 2,073.00 | 1,809.00 | 1,555.00 | 1,325.00 | 2,676.10 |
| Operating Profit / Loss | 127.00 | 354.00 | 308.00 | (434.00) | 115.40 |
| Net Interest | (245.00) | (241.00) | n/a | n/a | (136.80) |
| Pre Tax Profit | (118.00) | 113.00 | 172.00 | (494.00) | (21.40) |
| Post Tax Profit | (99.00) | 80.00 | 129.00 | (362.00) | (15.80) |
| Profit for the Period | (99.00) | 80.00 | 129.00 | (362.00) | (15.80) |
| Equity Holders of Parent Company | (99.00) | 80.00 | 129.00 | (362.00) | (15.00) |
| Minority Interests | n/a | n/a | n/a | n/a | (0.80) |
| | | | | | |
| Continuing EPS | | | | | |
| Earnings per Share (Basic) | (10.70p) | 6.50p | 11.30p | (36.30p) | (7.97p) |
| Earnings per Share (Diluted) | (10.70p) | 6.50p | 11.20p | (36.30p) | (7.97p) |
| Earnings per Share (Adjusted) | 22.00p | 36.30p | 28.00p | 20.20p | 16.40p |
| Continuing and Discontinued EPS | | | | | |
| Earnings per Share (Basic) | (10.70p) | 6.50p | 11.30p | (36.30p) | (7.97p) |
| Earnings per Share (Diluted) | (10.70p) | 6.50p | 11.20p | (36.30p) | (7.97p) |
| Earnings per Share (Adjusted) | 22.00p | 36.30p | 28.00p | 20.20p | 16.40p |
| | | | | | |
| Dividend per Share | 0.84p | 2.50p | 2.08p | 1.73p | 1.00p |
| | | | | | |
| | Millions | Millions | Millions | Millions | Millions |
| Balance Sheet | 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 |
|---|
| Non-Current Assets | | | | | |
| Intangible Assets | 47.00 | 40.00 | 41.00 | 47.00 | 119.70 |
| Property, Plant and Equipment | 34.00 | 20.00 | 22.00 | 22.00 | 14.20 |
| Investments | 37,387.00 | 34,509.00 | 29,572.00 | 23,546.00 | 24,681.70 |
| Investment Properties | 29.00 | 27.00 | 32.00 | 40.00 | 69.60 |
| Other Financial Assets | n/a | n/a | n/a | n/a | n/a |
| Other Non-Current Assets | n/a | n/a | n/a | n/a | n/a |
| Total Non-Current Assets | 37,497.00 | 34,596.00 | 29,667.00 | 23,655.00 | 24,885.20 |
| | | | | | |
| Current Assets | | | | | |
| Inventories | n/a | n/a | n/a | n/a | n/a |
| Trade and Other Receivables | 48.00 | 63.00 | 60.00 | n/a | 91.00 |
| Cash at Bank and in Hand | 758.00 | 808.00 | 546.00 | 482.00 | 510.20 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | n/a | n/a | 16.00 | 6.00 | 30.20 |
| Total Current Assets | 806.00 | 871.00 | 622.00 | 488.00 | 631.40 |
| | | | | | |
| Other Assets | 416.00 | 388.00 | 406.00 | 493.00 | 3.10 |
| Total Assets | 40,774.00 | 37,922.00 | 31,838.00 | 25,412.00 | 28,347.90 |
| | | | | | |
| Current Liabilities | | | | | |
| Borrowings | n/a | n/a | n/a | n/a | n/a |
| Other Current Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Current Liabilities | n/a | n/a | n/a | n/a | n/a |
| | | | | | |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| | | | | | |
| Non-Current Liabilities | | | | | |
| Borrowings | 682.00 | 839.00 | 686.00 | 699.00 | 778.20 |
| Provisions | n/a | n/a | 50.00 | 1.00 | 6.50 |
| Other Non-Current Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Non-Current Liabilities | 682.00 | 839.00 | 736.00 | 700.00 | 784.70 |
| | | | | | |
| Net Assets | 1,110.00 | 1,246.00 | 1,203.00 | 1,103.00 | 2,440.00 |
| | | | | | |
| Capital and Reserves | | | | | |
| Share Capital | 104.00 | 104.00 | 104.00 | 104.00 | 103.90 |
| Share Premium Account | 95.00 | 95.00 | 95.00 | 95.00 | 94.60 |
| Other Reserves | 944.00 | 944.00 | 1,265.00 | 1,260.00 | 1,266.40 |
| Retained Earnings | (355.00) | (219.00) | (259.00) | (354.00) | 977.00 |
| Shareholders Funds | 788.00 | 924.00 | 1,205.00 | 1,105.00 | 2,441.90 |
| | | | | | |
| Minority Interests / Other Equity | 322.00 | 322.00 | (2.00) | (2.00) | (1.90) |
| Total Equity | 1,110.00 | 1,246.00 | 1,203.00 | 1,103.00 | 2,440.00 |
| | | | | | |
| | 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 |
|---|
| Operating Margin | 6.13% | 19.57% | 19.81% | (32.75%) | 4.31% |
| Return on Capital Employed | n/a | n/a | n/a | n/a | n/a |
| Dividend Cover | 26.19 | 14.52 | 13.46 | 11.68 | 16.40 |
| Dividend Yield | 0.40 | 1.50 | 2.40 | 2.10 | 1.20 |
| PE Ratio | 9.80 | 4.50 | 3.10 | 4.00 | 5.10 |
| PEG | n/a | 0.10 | n/a | n/a | n/a |
| Dividend per Share Growth | n/a | 197.62% | (16.80%) | (16.83%) | (42.20%) |
| Net Asset Value per Share | 102.34p | 116.11p | 111.87p | 101.67p | 223.38p |