Unaudited condensed consolidated statement of cash flows

for the 6-month period ended 30 June 2025

	Notes	Unaudited 6-month period to 30 June 2025 €’m	Unaudited 6-month period to 30 June 2024 €’m
*Cash flows from operating activities*
(Loss)/profit for the period		(6.7)	-

Adjustments for:
Impairment of associates	7	4.8	-
Depreciation of property, plant and equipment		-	0.1
Share-based payments	14	0.5	0.1
Net finance (income)/costs		-	(1.4)
Tax expense/(benefit)		-	-
		(1.4)	(1.2)

Decrease/(increase) in trade and other receivables		0.4	-
Increase in trade and other payables		0.7	0.2
Income tax paid		-	-
Interest and finance expenses paid		-	-
Net cash used in operating activities		(0.3)	(1.0)
*Cash flows from investing activities*
Proceeds from disposal of financial assets at FVTOCI	8	103.4	1.8
Purchases of financial assets at FVTOCI	8	-	(0.9)
Proceeds from financial assets at FVTPL	9	-	6.5
Net cash from investing activities		103.4	7.4
*Cash flows from financing activities*
Share buyback (purchase of own shares)	11	(151.7)	-
Payment of lease liabilities		-	(0.1)
Net cash used in financing activities		(151.7)	(0.1)
Net (decrease)/increase in cash and cash equivalents		(48.6)	6.3
Cash and cash equivalents at beginning of period		62.1	29.3
Exchange losses on cash and cash equivalents		0.2	0.1
Cash and cash equivalents at end of period		13.7	35.7

The accompanying notes form an integral part of these financial statements.