C 
518.00p
+0.19%
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
£34.8m
FY2017FY2026
Net income
£45.4m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
£801.3m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £34.8m | £37.5m | £22.4m | −£48.7m | £69.5m | £64.7m | −£4.8m | £18.3m | £360,000 | £16.6m |
| Operating income | £45.4m | £36.0m | £17.1m | −£49.1m | £68.2m | £64.2m | −£5.7m | £17.8m | −£59,000 | £16.2m |
| Net income | £45.4m | £36.0m | £13.7m | −£51.4m | £68.2m | £63.7m | −£5.5m | £17.8m | −£71,000 | £16.2m |
| Diluted earnings per share | 0.29 | 0.22 | 0.07 | -2.21 | 2.59 | 3.34 | -0.46 | 2.01 | -0.00 | 0.34 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £803.8m | £911.6m | £1.07bn | £1.27bn | £1.06bn | £635.4m | £480.7m | £326.2m | £220.2m | £170.4m |
| Cash and short-term investments | £7.4m | £42.9m | £11.6m | £13.8m | £50.6m | £37.2m | £33.6m | £9.4m | £12.8m | £9.1m |
| Total liabilities | £2.5m | £26.6m | £9.8m | £13.7m | £8.1m | £1.3m | £10.6m | £4.3m | £646,000 | £908,000 |
| Shareholders' equity | £801.3m | £885.0m | £1.06bn | £1.26bn | £1.05bn | £634.0m | £470.1m | £321.9m | £219.6m | £169.4m |
| Shares outstanding | 157m | 165m | 201m | 23m | 26m | 19m | 12m | 9m | 61m | 47m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £13.7m | £10.7m | £10.6m | £16.5m | £9.8m | £7.3m | £6.0m | £2.9m | £1.2m | £202,000 |
| Capital spending | −£13.7m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £10.7m | £10.6m | £16.5m | £9.8m | £7.3m | £6.0m | £2.9m | £1.2m | £202,000 |
| Dividends paid | −£17.9m | −£16.6m | −£18.2m | −£10.6m | −£6.8m | −£4.9m | −£3.0m | −£1.6m | −£927,000 | −£686,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £5.0m | £29.7m | £15.2m | £26.2m | £36.0m | £18.0m | −£13.6m | −£6.8m |
| Operating income | £18.2m | £27.2m | £12.5m | £23.5m | £33.4m | £16.7m | −£18.2m | −£8.2m |
| Net income | £18.2m | £27.2m | £13.0m | £23.0m | £32.0m | £16.0m | £25.3m | −£9.1m |
| Diluted earnings per share | 0.12 | 0.16 | 0.08 | 0.11 | 0.16 | 0.69 | 1.09 | -0.39 |
| Cash from operations | £5.0m | £8.0m | £3.0m | £7.0m | £4.0m | £2.0m | £5.0m | £2.0m |
| Capital spending | −£5.0m | — | −£3.0m | — | — | — | — | — |
| Free cash flow | £0 | — | £0 | — | — | — | — | — |
| Total assets | £803.8m | £825.5m | £911.6m | £997.0m | £1.07bn | £1.07bn | £1.14bn | £1.14bn |
| Cash and short-term investments | £7.4m | £10.9m | £42.9m | £21.0m | £11.6m | £11.6m | £5.0m | £5.0m |
| Shareholders' equity | £801.3m | £822.2m | £885.0m | £976.7m | £1.06bn | £1.06bn | £1.12bn | £1.12bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -11.7% | 25.8% |
| Operating income | — | -6.7% | 30.8% |
| Net income | — | -6.5% | 30.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 112.6% | 107.2% | 100.9% | 99.6% |
| Net margin | 112.5% | 94.9% | 97.5% | 96.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.9 | 22.6 | 70.0 | -2.1 | 1.9 | 1.5 | -10.2 | 2.2 | -3496.8 | 11.5 |
| Price to sales | 23.3 | 21.6 | 42.9 | -2.2 | 1.9 | 1.5 | -11.6 | 2.1 | — | 11.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 11 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.066 | 0.102 | 0.078 | 0.071 | 0.046 | 0.045 | 0.042 | 0.035 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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