Consolidated statement of changes in equity (unaudited)

Share
capital
£’000

Share
premium
£’000

Retained
earnings
£’000

Total
shareholders’
equity
£’000

Balance at 1 January 2024

1,764

172,102

1,033,174

1,207,040

Profit for the period/total comprehensive income

–

–

45,939

45,939

Ordinary shares repurchased and cancelled

–

–

–

–

Dividends

–

–

(3,969)

(3,969)

Total transactions with equity shareholders

–

–

(3,969)

(3,969)

Balance at 30 June 2024

1,764

172,102

1,075,144

1,249,010

Profit for the period/total comprehensive income

–

–

(19,083)

42,091

Ordinary shares repurchased and cancelled

–

–

–

–

Dividends

–

–

(3,969)

(3,969)

Total transactions with equity shareholders

–

–

(3,969)

(3,969)

Balance at 31 December 2024

1,764

172,102

1,052,090

1,225,956

Profit for the period/total comprehensive income

–

–

74,479

74,479

Ordinary shares repurchased and cancelled

(45)

(21,330)

–

(21,375)

Dividends

–

–

(3,969)

(3,969)

Total transactions with equity shareholders

(45)

(21,330)

(3,969)

(25,344)

Balance at 30 June 2025

1,719

150,772

1,122,600

1,275,091