A 
3,912.00p
-0.56%
Close of 9 Nov 2026, in pence
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in GBP, from our data supplier.
Net income
£742.6m
FY2016FY2025
Total assets
£9.02bn
FY2016FY2025
Shareholders' equity
£1.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | £957.9m | £866.3m | £442.8m | £373.2m | £731.5m | £620.5m | £517.6m | £491.1m | £415.3m | £289.8m |
| Net income | £742.6m | £663.3m | £338.0m | £286.5m | £593.5m | £528.8m | £432.4m | £395.1m | £334.2m | £222.2m |
| Diluted earnings per share | 2.41 | 2.17 | 1.10 | 0.95 | 1.97 | 1.79 | 1.48 | 1.36 | 1.17 | 0.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £9.02bn | £7.94bn | £7.10bn | £6.22bn | £6.18bn | £5.76bn | £5.51bn | £6.80bn | £5.86bn | £4.86bn |
| Cash and short-term investments | £301.1m | £3.60bn | £3.14bn | £297.0m | £372.7m | £272.5m | £281.7m | £376.8m | £326.8m | £326.6m |
| Total liabilities | £7.58bn | £6.57bn | £6.10bn | £5.27bn | £4.78bn | £4.64bn | £4.60bn | £6.03bn | £5.20bn | £4.28bn |
| Debt | £1.89bn | £1.39bn | £1.21bn | £1.03bn | £776.2m | £611.4m | £667.2m | £444.2m | £224.0m | £224.1m |
| Shareholders' equity | £1.44bn | £1.37bn | £991.8m | £954.2m | £1.41bn | £1.11bn | £909.4m | £758.3m | £646.1m | £570.9m |
| Shares outstanding | 308m | 306m | 308m | 303m | 301m | 296m | 293m | 291m | 285m | 282m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | £429.2m | £436.9m | £533.0m | £542.0m | £340.1m | £237.6m | £252.1m | £116.5m |
| Net income | £329.0m | £341.6m | £401.0m | £425.9m | £237.4m | £163.5m | £174.5m | £87.0m |
| Diluted earnings per share | 1.08 | 1.11 | 1.30 | 1.39 | 0.78 | 0.53 | 0.57 | 0.29 |
| Total assets | £9.34bn | £9.02bn | £8.63bn | £7.94bn | £7.74bn | £5.90bn | £6.83bn | £6.83bn |
| Cash and short-term investments | £314.9m | £301.1m | £319.2m | £3.60bn | £3.56bn | £3.14bn | £462.7m | £1.13bn |
| Debt | £2.01bn | £1.81bn | £1.50bn | £1.32bn | £1.20bn | £1.14bn | £1.21bn | £1.27bn |
| Shareholders' equity | £1.50bn | £1.44bn | £1.44bn | £1.37bn | £1.11bn | £991.8m | £927.4m | £928.6m |
Financial ratios
Data as of 8 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 18.7% | 15.9% | 12.5% | 23.7% | 47.1% | 47.9% |
| Net margin | 13.3% | 12.6% | 9.5% | 18.8% | 38.1% | 40.7% |
| Return on equity | 51.5% | 48.4% | 34.1% | 30.0% | 42.2% | 47.5% |
| Return on assets | 8.2% | 8.3% | 4.8% | 4.6% | 9.6% | 9.2% |
| Revenue growth | 5.7% | 48.5% | 133.1% | -2.2% | 19.9% | 7.5% |
| Earnings growth | 12.0% | 96.2% | 18.0% | -51.7% | 12.2% | 22.3% |
| Current ratio | 6.56x | 2.74x | 23.68x | 0.57x | 0.66x | 0.82x |
| Debt to equity | 1.26x | 0.97x | 1.15x | 0.99x | 0.48x | 0.45x |
| Equity ratio | 16.0% | 17.2% | 14.0% | 15.3% | 22.7% | 19.3% |
| Interest coverage | 12.58x | 30.97x | 21.61x | 26.76x | 53.53x | 28.95x |
| Buybacks as a share of market value | -0.6% | 0.5% | -1.7% | -0.8% | -1.7% | -1.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 54.1% | 33.8% | 19.9% |
| Operating income | 36.9% | 9.1% | 9.7% |
| Net income | 37.4% | 7.0% | 9.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.8% | 16.6% | 21.3% | 25.0% |
| Net margin | 13.0% | 12.8% | 16.8% | 19.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.2 | 12.2 | 24.4 | 22.6 | 16.0 | 16.2 | 15.6 | 15.1 | 17.1 | 23.2 |
| Price to sales | 1.8 | 1.5 | 2.3 | 4.3 | 6.1 | 6.6 | 5.6 | 4.7 | 5.0 | 5.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.90 | 1.773 | 0.867 | 0.755 | 0.864 | 1.515 | 1.113 | 0.914 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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