B 
1,606.00p
+1.01%
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
£55.6m
FY2016FY2025
Free cash flow
£26.9m
FY2016FY2025
Shareholders' equity
£667.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | £57.5m | £98.3m | £42.7m | £5.6m | £90.8m | £28.4m | £53.2m | £1.1m | £58.8m | £53.4m |
| Operating income | £56.6m | £97.4m | £41.8m | £4.8m | £90.1m | £27.7m | £52.5m | £475,600 | £58.2m | £52.8m |
| Net income | £55.6m | £96.1m | £40.6m | £3.6m | £88.9m | £26.9m | £51.8m | −£226,800 | £57.6m | £52.3m |
| Diluted earnings per share | 1.28 | 2.25 | 0.95 | 0.08 | 2.08 | 0.63 | 1.21 | -0.01 | 1.35 | 1.22 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £697.4m | £655.0m | £564.9m | £533.5m | £539.9m | £456.5m | £440.5m | £394.4m | £419.0m | £369.0m |
| Cash and short-term investments | £17.6m | £4.8m | £9.9m | £7.9m | £3.7m | £9.0m | £2.3m | £11.1m | £31.0m | £28.2m |
| Total liabilities | £30.1m | £36.8m | £36.7m | £36.4m | £37.4m | £34.4m | £36.7m | £34.2m | £51.0m | £50.7m |
| Debt | £25.1m | £35.4m | £35.4m | £35.2m | £35.1m | £32.6m | £33.1m | £33.1m | £48.8m | £49.1m |
| Shareholders' equity | £667.2m | £618.2m | £528.2m | £497.1m | £502.5m | £422.1m | £403.8m | £360.3m | £368.0m | £318.3m |
| Shares outstanding | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £26.9m | £6.5m | £12.9m | £14.1m | £7.3m | £5.9m | £8.6m | £7.8m | £8.2m | £8.7m |
| Free cash flow | £26.9m | £6.5m | £12.9m | £14.1m | £7.3m | £5.9m | £8.6m | £7.8m | £8.2m | £8.7m |
| Dividends paid | −£10.6m | −£10.0m | −£9.5m | −£9.0m | −£8.6m | −£8.6m | −£8.3m | −£7.5m | −£6.9m | −£6.7m |
Latest quarters
By quarter end
| Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Feb 2023 | Nov 2022 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | £67.3m | −£9.7m | £28.6m | £69.8m | £35.6m | £7.1m | £4.5m | £14.4m |
| Operating income | £66.8m | −£10.2m | £28.1m | £69.3m | £35.2m | £6.7m | £3.4m | £14.0m |
| Net income | £66.6m | −£11.0m | £27.5m | £68.5m | £35.0m | £5.7m | £2.8m | £13.6m |
| Diluted earnings per share | 1.54 | -0.25 | 0.64 | 1.61 | 0.82 | 0.13 | 0.07 | 0.32 |
| Cash from operations | £30.0m | −£3.0m | £2.0m | £4.0m | £6.0m | £6.0m | — | £8.0m |
| Total assets | £697.4m | £631.3m | £655.0m | £616.9m | £564.9m | £523.1m | £523.1m | £533.5m |
| Cash and short-term investments | £17.6m | — | £4.8m | — | £9.9m | — | — | £7.9m |
| Debt | £25.1m | £25.1m | £35.4m | £25.1m | £25.1m | £25.1m | £25.1m | £25.1m |
| Shareholders' equity | £667.2m | £606.2m | £618.2m | £591.8m | £528.2m | £498.0m | £498.0m | £497.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 91.0% | 14.6% | 21.1% |
| Operating income | 127.8% | 15.3% | 35.8% |
| Net income | 148.4% | 15.7% | 37.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.1% | 93.1% | 94.0% | 90.0% |
| Operating margin | 93.9% | 91.5% | 92.5% | 88.6% |
| Net margin | 92.4% | 89.3% | 90.6% | 86.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.1 | 6.5 | 12.6 | 120.2 | 5.3 | 13.7 | 7.5 | -1308.3 | 5.8 | 5.0 |
| Price to sales | 10.1 | 6.1 | 11.1 | 49.3 | 5.0 | 11.8 | 7.0 | 21.1 | 5.1 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 30 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.198 | 0.248 | 0.238 | 0.227 | 0.215 | 0.141 | 0.201 | 0.26 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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