Consolidated statement of changes in equity

Consolidated statement of changes in equity

For the year ended 31 December 2025

Notes

Share
capital
£’000

Share
premium
£’000

Retained
earnings
£’000

Total
shareholders’
equity
£’000

Balance at 1 January 2024

1,764

172,102

1,033,173

1,207,039

Profit for the year/total comprehensive income

–

–

26,856

26,856

Dividends

–

–

(7,939)

(7,939)

Total transactions with equity shareholders

–

–

(7,939)

(7,939)

Balance at 31 December 2024

1,764

172,102

1,052,090

1,225,956

Profit for the year/total comprehensive income

–

–

58,594

58,594

Ordinary shares repurchased and cancelled

18

(93)

(47,622)

–

(47,715)

Dividends

19

–

–

(3,969)

(3,969)

Total transactions with equity shareholders

(93)

(47,622)

(3,969)

(51,684)

Balance at 31 December 2025

1,671

124,480

1,106,715

1,232,866

Notes 1–23 are an integral part of these Consolidated Financial Statements.