£'m | H1 2026 | H1 2025 | H1 2026 vs H1 2025 |
Manufacturing services | 43.1 | 36.0 | 7.1 |
Development services | 27.1 | 26.9 | 0.2 |
Procurement services | 8.4 | 8.6 | (0.2) |
Licences, milestones and royalties | 1.2 | 1.7 | (0.5) |
Revenue | 79.8 | 73.2 | 6.6 |
Cost of sales | 50.7 | 41.6 | 9.1 |
Gross Margin | 37% | 43% | |
Operating EBITDA1 | (7.8) | (8.3) | 0.5 |
Revenue CC2 | 80.2 | 73.4 | |
Operating EBITDA ADJ3 | (2.5) | (3.9) |