Vertical Aerospace Ltd.
For the period ended Dec 31, 2025. Filed Mar 24, 2026.
View on SEC.govAbout this filing
The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2025 · Filed Mar 24, 2026
EVTL$0.40+2.4%Stored close · as of Nov 6, 2026
Contents
Consolidated statement of changes in equity
Consolidated Statement of Changes in Equity for the Year Ended December 31, 2025, December 31, 2024 and December 31, 2023
| | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | Share | | Share | | Other | | Accumulated | | |
| | | Note | | capital | | premium | | reserves | | deficit | | Total |
| | | | | £ 000 | | £ 000 | | £ 000 | | £ 000 | | £ 000 |
| At January 1, 2023 | | 16 | 257,197 | 94,857 | (344,752) | 7,318 | ||||||
| Loss for the year | | | | — | | — | | — | | (59,946) | | (59,946) |
| Translation differences | | | | — | — | (6,881) | — | (6,881) | ||||
| Total comprehensive loss | | — | — | (6,881) | (59,946) | (66,827) | ||||||
| Exercise of options | | 21 | | 1 | 796 | — | — | 797 | ||||
| Share based payment transactions | 23 | — | | (289) | | 8,935 | | 287 | | 8,933 | ||
| Transfer of reserves | | | | — | | — | | (10,154) | | 10,154 | | — |
| At December 31, 2023 | | 17 | 257,704 | 86,757 | (394,257) | (49,779) |
| | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | Share | | Share | | Treasury share | | Other | | Accumulated | | |
| | | Note | | capital | | premium | | reserve | | reserves | | deficit | | Total |
| | | | | £ 000 | | £ 000 | | £ 000 | | £ 000 | | £ 000 | | £ 000 |
| At January 1, 2024 | | | | 17 | 257,704 | | — | | 86,757 | (394,257) | (49,779) | |||
| Loss for the year | | | | — | | — | | — | | — | | (781,240) | | (781,240) |
| Change in fair value from own credit risk | | 24 | | — | | — | | — | | 22,293 | | — | | 22,293 |
| Translation differences | | | | — | | — | | — | | 2,426 | | — | | 2,426 |
| Total comprehensive loss | | — | — | | — | | 24,719 | (781,240) | (756,521) | |||||
| Share based payment transactions | | 23 | | — | | — | | — | | 7,130 | | — | | 7,130 |
| Share issuance to related party | | 16, 27 | | — | | 15,629 | | — | | — | | — | | 15,629 |
| Issuance of warrants to related party | | 16, 27 | | — | | — | | — | | 3,907 | | — | | 3,907 |
| Return of Company’s ordinary shares | | 6, 16 | | — | | — | | (803) | | — | | — | | (803) |
| Transfer of other reserves upon extinguishment of convertible loan notes | | | | — | | — | | — | | (22,293) | | 22,293 | | — |
| Partial conversion of convertible loan notes | | 15, 24 | | 38 | | 280,567 | | — | | — | | — | | 280,605 |
| Transfer of reserves | | | | — | | 491 | | — | | (921) | | 921 | | 491 |
| At December 31, 2024 | | | 55 | 554,391 | | (803) | | 99,299 | (1,152,283) | (499,341) |
| | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | | | | Share | | Share | | Treasury share | | Other | | Accumulated | | |
| | | Note | | capital | | premium | | reserve | | reserves | | deficit | | Total |
| | | | | £ 000 | | £ 000 | | £ 000 | | £ 000 | | £ 000 | | £ 000 |
| At January 1, 2025 | | 55 | 554,391 | | (803) | 99,299 | (1,152,283) | (499,341) | ||||||
| Profit for the year | | | | — | | — | | — | | — | | 232,928 | | 232,928 |
| Translation differences | | | | — | | — | | — | | 7,229 | | — | | 7,229 |
| Total comprehensive profit | | — | — | | — | 7,229 | 232,928 | 240,157 | ||||||
| Share based payment transactions | | 23 | | — | | — | | — | | 8,924 | | — | | 8,924 |
| Share issuance | | | | 19 | | 88,890 | | — | | — | | — | | 88,909 |
| Issuance of warrants | | | | — | | — | | — | | 17,963 | | — | | 17,963 |
| Share issuance to related party | | 16, 27 | | 5 | | 22,333 | | — | | — | | — | | 22,338 |
| Issuance of warrants to related party | | 16, 27 | | — | | — | | — | | 6,909 | | — | | 6,909 |
| Transaction costs on issuance of equity instruments | | | | — | | (5,917) | | — | | (1,654) | | — | | (7,571) |
| Exercise of warrants | | | | — | | 275 | | — | | (55) | | — | | 220 |
| Exercise of options | | | | — | | 47 | | — | | — | | — | | 47 |
| Transfer of reserves | | | | — | | — | | — | | (1,782) | | 1,782 | | — |
| At December 31, 2025 | | 79 | 660,019 | | (803) | 136,833 | (917,573) | (121,445) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.