B 
25.50p
0.00%
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
£917.0m
FY2017FY2026
Net income
−£108.3m
FY2017FY2026
Free cash flow
−£25.7m
FY2017FY2026
Shareholders' equity
−£57.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £917.0m | £790.3m | £1.46bn | £1.77bn | £1.98bn | £1.75bn | £1.23bn | £856.9m | £579.8m | £294.6m |
| Gross profit | £422.2m | £389.7m | £756.1m | £895.2m | £1.04bn | £945.2m | £666.3m | £469.0m | £306.4m | £160.8m |
| Operating income | −£5.9m | −£241.4m | −£146.9m | −£82.2m | £9.4m | £124.1m | £90.9m | £58.7m | £42.7m | £30.3m |
| Net income | −£108.3m | −£326.4m | −£137.8m | −£75.6m | −£4.0m | £90.7m | £63.7m | £43.6m | £31.7m | £24.5m |
| Diluted earnings per share | -0.07 | -0.24 | -0.11 | -0.05 | -0.00 | 0.06 | 0.04 | 0.03 | 0.02 | 0.02 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £458.1m | £525.9m | £1.08bn | £1.23bn | £998.4m | £775.9m | £569.5m | £439.8m | £326.9m | £189.1m |
| Cash and short-term investments | £52.1m | £44.7m | £230.0m | £330.9m | £101.3m | £276.0m | £245.4m | £203.8m | £149.3m | £70.8m |
| Total liabilities | £515.8m | £522.0m | £795.7m | £825.7m | £534.1m | £303.4m | £241.6m | £169.4m | £114.1m | £88.6m |
| Debt | £219.7m | £243.1m | £446.9m | £463.6m | £151.9m | £18.3m | £21.0m | £7.1m | £9.5m | £11.9m |
| Shareholders' equity | −£57.7m | £3.9m | £279.7m | £400.0m | £464.3m | £472.5m | £310.6m | £262.0m | £204.0m | £96.5m |
| Shares outstanding | 1,623m | 1,342m | 1,290m | 1,623m | 1,623m | 1,623m | 1,623m | 1,623m | 1,623m | 1,623m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£23.1m | −£12.7m | £1.9m | £136.7m | £10.3m | £162.8m | £115.7m | £101.6m | £69.0m | £29.5m |
| Capital spending | −£2.6m | −£21.3m | −£64.8m | −£91.2m | −£261.5m | −£122.7m | −£45.6m | −£46.9m | −£46.4m | −£30.7m |
| Free cash flow | −£25.7m | −£34.0m | −£62.9m | £45.5m | −£251.2m | £40.1m | £70.1m | £54.7m | £22.6m | −£1.2m |
Latest quarters
By quarter end
| Aug 2026 | Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Aug 2023 | Feb 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £409.6m | £620.1m | £296.9m | £170.5m | £619.8m | £173.2m | £729.1m | £886.3m |
| Gross profit | £205.2m | £286.5m | £135.7m | £61.7m | £320.1m | £65.1m | £389.2m | £431.7m |
| Operating income | £1.5m | −£5.7m | −£3.5m | £25.7m | −£60.4m | −£28.6m | −£31.4m | −£27.8m |
| Net income | £25.8m | −£104.9m | −£14.7m | −£187.5m | −£138.9m | −£105.1m | −£32.5m | −£60.9m |
| Diluted earnings per share | 0.02 | -0.06 | -0.01 | -0.14 | -0.11 | -0.08 | -0.03 | -0.05 |
| Cash from operations | £1.0m | £2.0m | −£14.0m | £8.0m | −£20.0m | −£21.0m | £23.0m | £94.0m |
| Capital spending | — | −£2.0m | −£5.0m | −£6.0m | −£14.0m | −£28.0m | −£36.0m | −£52.0m |
| Free cash flow | — | £0 | −£19.0m | £2.0m | −£34.0m | −£49.0m | −£13.0m | £42.0m |
| Total assets | £505.0m | £458.1m | £469.9m | £525.9m | £823.0m | £1.08bn | £1.18bn | £1.23bn |
| Cash and short-term investments | £46.9m | £52.1m | £30.4m | £44.7m | £133.7m | £230.0m | £293.4m | £330.9m |
| Debt | £156.9m | £156.3m | £142.2m | £133.8m | £283.0m | £9.5m | £11.1m | £12.1m |
| Shareholders' equity | −£28.4m | −£57.7m | £100,000 | £3.9m | £148.3m | £279.7m | £379.7m | £400.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -19.7% | -12.1% | 16.7% |
| Operating income | -58.4% | — | — |
| Net income | 12.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 47.6% | 49.9% | 51.3% | 52.1% |
| Operating margin | -14.5% | -9.6% | -4.0% | -0.9% |
| Net margin | -25.5% | -13.1% | -6.5% | -3.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -3.9 | -1.0 | -3.1 | -8.8 | -143.7 | 22.0 | 87.4 | 110.9 | 82.8 | 125.1 |
| Price to sales | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 1.1 | 4.5 | 5.6 | 4.5 | 10.4 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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