A 
565.50p
-1.91%
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.
Revenue, before interest expense
£317.8m
FY2016FY2025
Net income
£105.1m
FY2016FY2025
Total assets
£303.1m
FY2016FY2025
Shareholders' equity
£217.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £317.8m | £269.4m | £218.2m | £163.8m | £145.8m | £126.7m | £104.9m | £89.7m | £75.6m | £64.5m |
| Research and development | — | — | — | £32.7m | £25.8m | — | — | — | — | — |
| Operating income | £133.1m | £107.3m | £86.2m | £59.0m | £56.2m | £49.2m | £37.4m | £28.3m | £21.8m | £17.1m |
| Net income | £105.1m | £84.3m | £68.2m | £46.7m | £43.8m | £38.8m | £30.4m | £22.6m | £17.6m | £13.4m |
| Diluted earnings per share | 0.26 | 0.20 | 0.17 | 0.11 | 0.11 | 0.09 | 0.07 | 0.06 | 0.04 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £303.1m | £288.9m | £234.3m | £165.5m | £162.1m | £141.3m | £103.3m | £81.4m | £76.0m | £135.3m |
| Cash and short-term investments | £188.2m | £196.7m | £146.3m | £84.0m | £97.1m | £86.4m | £69.1m | £49.7m | £42.1m | £39.5m |
| Total liabilities | £85.6m | £84.9m | £68.3m | £32.1m | £31.4m | £31.9m | £17.2m | £17.3m | £14.7m | £81.1m |
| Debt | £12.1m | £13.2m | £12.4m | £14.0m | £15.6m | £16.3m | £572,000 | £731,000 | £143,000 | £109,000 |
| Shareholders' equity | £217.5m | £204.0m | £166.0m | £133.4m | £130.7m | £109.5m | £86.1m | £64.0m | £61.4m | £54.2m |
| Shares outstanding | 411m | 414m | 413m | 412m | 411m | 410m | 407m | 407m | 407m | 407m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £164.6m | £153.2m | £138.2m | £131.3m | £114.6m | £103.6m | £51.6m | £88.3m |
| Operating income | £171.6m | £65.5m | £48.3m | £58.9m | £44.6m | £41.6m | £20.5m | £32.5m |
| Net income | £54.0m | £51.2m | £38.3m | £46.0m | £35.4m | £32.8m | £16.4m | £25.8m |
| Diluted earnings per share | 0.13 | 0.12 | 0.09 | 0.11 | 0.09 | 0.08 | 0.04 | 0.06 |
| Total assets | £303.1m | £277.8m | £288.9m | £252.9m | £234.3m | £198.0m | £198.0m | £165.5m |
| Cash and short-term investments | £188.2m | £174.5m | £196.7m | £161.8m | £146.3m | £100.0m | £100.0m | £84.0m |
| Debt | £9.8m | £10.8m | £11.7m | £10.2m | £10.9m | £11.6m | £11.6m | £12.4m |
| Shareholders' equity | £217.5m | £199.0m | £204.0m | £180.6m | £166.0m | £147.2m | £147.2m | £133.4m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 43.7% | 42.0% | 39.5% | 36.0% | 38.5% | 38.8% | — |
| Net margin | 33.1% | 31.3% | 31.3% | 28.5% | 30.1% | 30.6% | — |
| Return on equity | 48.3% | 41.3% | 41.1% | 35.0% | 33.5% | 35.5% | — |
| Return on assets | 34.7% | 29.2% | 29.1% | 28.2% | 27.0% | 27.5% | — |
| Revenue growth | 18.0% | 23.5% | 33.2% | 12.4% | 15.1% | 20.9% | — |
| Earnings growth | 24.7% | 23.6% | 46.0% | 6.7% | 12.9% | 27.9% | — |
| Current ratio | 3.67x | 3.63x | 2.65x | 6.68x | 9.81x | 9.49x | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — |
| Equity ratio | 71.7% | 70.6% | 70.9% | 80.5% | 80.5% | 77.4% | — |
| Interest coverage | 149.04x | 125.20x | 90.55x | 76.77x | 71.15x | 58.06x | — |
| R&D as a share of sales | — | 18.5% | 18.5% | 20.0% | 17.7% | 15.8% | 17.0% |
| Buybacks as a share of market value | 1.6% | -0.6% | -0.2% | -0.2% | -0.2% | -0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 24.7% | 20.2% | 18.7% |
| Operating income | 31.2% | 22.0% | 24.1% |
| Net income | 31.0% | 22.0% | 23.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 40.9% | 39.8% | 39.5% | 37.4% |
| Net margin | 32.3% | 31.4% | 31.2% | 29.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.3 | 22.2 | 18.9 | 31.6 | 35.6 | 45.8 | 57.5 | 43.2 |
| Price to sales | 5.7 | 7.0 | 5.9 | 9.0 | 10.7 | 14.0 | 16.6 | 10.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.148 | 0.128 | 0.115 | 0.081 | 0.168 | 0.071 | 0.048 | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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