A 
764.00p
+0.53%
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
−£84.3m
FY2017FY2026
Free cash flow
−£4.2m
FY2017FY2026
Shareholders' equity
£311.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | −£87.8m | £44.9m | £107.8m | −£33.8m | £45.9m | £141.4m | −£72.8m | £27.8m | £1.3m | £75.1m |
| Net income | −£84.3m | £31.5m | £91.0m | −£34.3m | £40.6m | £126.6m | −£71.0m | £24.8m | £1.3m | £74.3m |
| Diluted earnings per share | -1.92 | 0.68 | 1.77 | -0.65 | 0.72 | 2.18 | -1.21 | 0.42 | 0.02 | 1.26 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £332.7m | £468.0m | £474.6m | £402.3m | £451.8m | £404.8m | £273.3m | £333.5m | £289.8m | £288.6m |
| Cash and short-term investments | £7.4m | £3.7m | £6.5m | £7.2m | £9.8m | £2.6m | £8.6m | £4.2m | £4.4m | £3.4m |
| Total liabilities | £21.7m | £42.4m | £47.6m | £44.3m | £47.8m | £38.7m | £31.7m | £19.3m | £403,000 | £415,000 |
| Debt | £12.5m | £19.5m | £26.0m | £29.9m | £30.0m | £24.0m | £30.0m | £15.0m | — | — |
| Shareholders' equity | £311.0m | £425.6m | £427.1m | £357.9m | £404.0m | £366.1m | £241.6m | £314.2m | £289.4m | £288.2m |
| Shares outstanding | 44m | 47m | 51m | 53m | 57m | 58m | 58m | 59m | 59m | 59m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£2.1m | −£2.3m | −£1.7m | £1.2m | −£794,000 | £39,000 | £1.4m | −£200,000 | £1.3m | £74.3m |
| Capital spending | −£2.1m | — | — | — | — | — | — | — | — | — |
| Free cash flow | −£4.2m | −£2.3m | −£1.7m | £1.2m | −£794,000 | £39,000 | £1.4m | −£200,000 | £1.3m | £74.3m |
| Dividends paid | — | — | — | — | −£585,000 | −£585,000 | −£585,000 | −£585,000 | −£585,000 | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −£69.3m | −£18.5m | −£49.8m | £97.2m | £57.0m | £28.5m | £43.8m | £25.4m |
| Net income | −£64.5m | −£19.8m | −£44.7m | £76.2m | £47.2m | £23.6m | £54.9m | £21.9m |
| Diluted earnings per share | -1.47 | -0.43 | -0.96 | 1.49 | 0.92 | 0.45 | 1.04 | 0.41 |
| Cash from operations | −£1.0m | — | −£1.0m | −£1.0m | −£1.0m | — | — | — |
| Capital spending | −£1.0m | — | −£1.0m | — | — | — | — | — |
| Free cash flow | −£2.0m | — | −£2.0m | — | — | — | — | — |
| Total assets | £332.7m | £428.0m | £468.0m | £542.6m | £474.6m | £474.6m | £435.3m | £435.3m |
| Cash and short-term investments | £7.4m | £5.2m | £3.7m | £9.6m | £6.5m | £6.5m | £10.2m | £10.2m |
| Debt | £12.5m | £22.4m | £19.5m | £19.5m | £26.0m | £26.0m | £25.9m | £25.9m |
| Shareholders' equity | £311.0m | £388.0m | £425.6m | £489.1m | £427.1m | £427.1m | £391.3m | £391.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -51.0% | — |
| Operating income | 37.4% | — | 20.4% |
| Net income | 35.0% | — | 19.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -82.8% | 23.1% | 67.9% | 69.0% |
| Net margin | -101.7% | 2.9% | 53.2% | 54.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.8 | 11.6 | 4.6 | -10.2 | 7.8 | 2.9 | -4.4 | 11.2 | 220.0 | 3.7 |
| Price to sales | 79.4 | 7.6 | 3.8 | -11.9 | 6.9 | 2.5 | -4.3 | 9.9 | 139.8 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Oct 2020.
| FY2021 | FY2006 | FY2005 | FY2004 | FY2003 | FY2002 | FY2001 | FY2000 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.008 | 0.008 | 0.003 | 0.002 | 0.002 | 0.002 | 0.007 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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