A 
209.00p
+1.26%
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
£103.3m
FY2017FY2026
Total assets
£1.07bn
FY2017FY2026
Shareholders' equity
£794.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | £300,000 | £300,000 | £400,000 | £400,000 | £500,000 | £500,000 | £1 | £1 | £1 |
| Operating income | £98.8m | £57.2m | £57.2m | £77.4m | £119.2m | £258.3m | £203.6m | £187.2m | £176.1m | £151.9m |
| Net income | £103.3m | £81.2m | £93.7m | £83.3m | £88.5m | £240.1m | £182.1m | £178.6m | £151.4m | £167.6m |
| Diluted earnings per share | 0.15 | 0.12 | 0.14 | 0.12 | 0.13 | 0.34 | 0.26 | 0.25 | 0.21 | 0.24 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.07bn | £908.1m | £979.7m | £1.01bn | £1.10bn | £1.11bn | £1.05bn | £1.05bn | £908.0m | £923.7m |
| Cash and short-term investments | £381.6m | £687.2m | £745.5m | £764.3m | £849.4m | £815.2m | £512.5m | £771.9m | £681.2m | £711.0m |
| Total liabilities | £261.2m | £117.3m | £88.9m | £95.7m | £131.4m | £175.3m | £168.6m | £195.1m | £147.5m | £197.0m |
| Debt | £16.8m | £4.6m | £6.4m | £5.8m | £8.0m | £9.8m | £10.2m | £294.7m | £248.2m | £278.5m |
| Shareholders' equity | £794.3m | £782.6m | £882.6m | £898.8m | £945.0m | £911.6m | £856.4m | £843.2m | £759.2m | £724.4m |
| Shares outstanding | 693m | 684m | 691m | 687m | 701m | 703m | 701m | 713m | 713m | 711m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | £33.4m | £65.4m | £26.9m | £30.3m | £23.0m | £34.2m | £46.6m | £20.7m |
| Net income | £33.9m | £69.4m | £44.1m | £37.1m | £35.5m | £58.2m | £40.6m | £20.3m |
| Diluted earnings per share | 0.05 | 0.10 | 0.06 | 0.05 | 0.05 | 0.08 | 0.06 | 0.03 |
| Total assets | £1.07bn | £961.5m | £908.1m | £929.4m | £979.7m | £969.1m | £1.01bn | £1.01bn |
| Cash and short-term investments | £381.6m | £288.3m | £687.2m | £696.2m | £745.5m | £718.0m | £534.4m | £764.3m |
| Debt | £600,000 | £1.1m | £2.0m | £2.5m | £1.9m | £2.0m | £2.1m | — |
| Shareholders' equity | £794.3m | £771.8m | £782.6m | £818.1m | £882.6m | £867.1m | £898.8m | £875.5m |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 91.9% | 75.4% | 68.7% | 38.0% | 52.4% | 64.5% |
| Net margin | 73.8% | 56.2% | 50.2% | 38.0% | 44.4% | 56.5% |
| Return on equity | 13.0% | 10.4% | 10.6% | 9.3% | 9.4% | 26.3% |
| Return on assets | 9.6% | 8.9% | 9.6% | 8.3% | 8.1% | 21.7% |
| Revenue growth | -3.1% | -22.7% | -14.8% | 9.9% | -53.0% | 31.6% |
| Earnings growth | 27.2% | -13.3% | 12.5% | -5.9% | -63.1% | 31.9% |
| Current ratio | 740.50x | 7.01x | 10.68x | 10.09x | 7.91x | 6.01x |
| Debt to equity | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 74.2% | 86.2% | 90.1% | 89.1% | 86.0% | 82.3% |
| Interest coverage | 75.65x | 363.00x | 428.00x | 278.00x | 261.25x | 685.00x |
| R&D as a share of sales | 0.1% | 0.2% | 0.2% | 0.2% | 0.2% | 0.1% |
| Buybacks as a share of market value | -1.4% | 1.0% | -0.5% | 2.0% | 0.4% | -0.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -13.9% | -19.9% | -4.0% |
| Operating income | 8.5% | -17.5% | -0.4% |
| Net income | 7.4% | -15.5% | -2.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 54.9% | 42.1% | 50.8% | 55.6% |
| Net margin | 64.9% | 52.4% | 52.5% | 55.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.3 | 14.8 | 11.7 | 18.4 | 19.1 | 8.6 | 16.6 | 20.7 | 17.2 | 17.2 |
| Price to sales | 11.3 | 8.3 | 5.9 | 7.0 | 8.5 | 4.9 | 9.4 | 12.2 | 9.4 | 11.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 26 Feb 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.121 | 0.169 | 0.229 | 0.169 | 0.169 | 0.169 | 0.169 | 0.169 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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