D 
313.50p
+0.16%
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
£27.8m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
£393.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | £31.7m | £35.3m | £27.6m | £4.2m | £36.4m | −£1.7m | £88.5m | −£14.2m | £48.0m | £67.7m |
| Operating income | £31.0m | £36.3m | £24.8m | £4.7m | £36.9m | −£2.7m | £90.2m | −£14.8m | £47.9m | £67.4m |
| Net income | £27.8m | £33.9m | £22.8m | £2.8m | £35.2m | −£2.7m | £86.8m | −£17.8m | £46.3m | £66.0m |
| Diluted earnings per share | 0.23 | 0.26 | 0.16 | 0.02 | 0.24 | -0.02 | 0.59 | -0.12 | 0.31 | 0.44 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £443.5m | £478.3m | £489.9m | £493.6m | £507.9m | £492.5m | £511.0m | £472.6m | £513.3m | £486.3m |
| Cash and short-term investments | £4.8m | £2.3m | £12.9m | £12.3m | £2.9m | £4.0m | £13.8m | £3.5m | £6.0m | £8.6m |
| Total liabilities | £50.0m | £49.7m | £44.1m | £45.0m | £43.4m | £43.5m | £41.2m | £70.8m | £70.9m | £70.5m |
| Debt | £49.5m | £48.9m | £43.3m | £43.8m | £42.8m | £43.5m | £40.7m | £69.7m | £69.8m | £69.5m |
| Shareholders' equity | £393.5m | £428.5m | £445.8m | £448.6m | £464.6m | £448.3m | £469.8m | £401.7m | £442.4m | £415.8m |
| Shares outstanding | 119m | 130m | 145m | 147m | 148m | 148m | 148m | 148m | 148m | 150m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £14.8m | £18.8m | £19.4m | £18.4m | £16.4m | £15.5m | £17.4m | £18.6m | £18.1m | £17.2m |
| Capital spending | −£14.8m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £18.8m | £19.4m | £18.4m | £16.4m | £15.5m | £17.4m | £18.6m | £18.1m | £17.2m |
| Dividends paid | −£19.5m | −£19.7m | −£20.0m | −£19.1m | −£18.9m | −£18.8m | −£18.5m | −£19.3m | −£17.5m | −£17.2m |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Apr 2024 | Jan 2024 | Oct 2023 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | £23.8m | £19.5m | £13.1m | £611,000 | £37.5m | £18.7m | £6.6m | £3.3m |
| Operating income | £23.3m | £19.2m | £11.8m | £70,000 | £36.3m | £18.1m | £5.2m | £2.6m |
| Net income | £22.3m | £18.1m | £9.7m | −£961,000 | £34.9m | £17.4m | £4.2m | £2.1m |
| Diluted earnings per share | 0.19 | 0.15 | 0.07 | -0.01 | 0.24 | 0.12 | 0.03 | 0.01 |
| Cash from operations | £7.0m | £6.0m | £8.0m | £5.0m | £11.0m | £6.0m | £7.0m | £4.0m |
| Capital spending | — | −£6.0m | — | — | — | — | — | — |
| Free cash flow | — | £0 | — | — | — | — | — | — |
| Total assets | £443.7m | £443.5m | £456.5m | £478.3m | £510.3m | £510.3m | £489.9m | £489.9m |
| Cash and short-term investments | £4.7m | £4.8m | £14.0m | £2.3m | £4.8m | £4.8m | £12.9m | £12.9m |
| Debt | £19.3m | £19.6m | £19.5m | £18.9m | £19.0m | £19.0m | £13.3m | £13.3m |
| Shareholders' equity | £392.8m | £393.5m | £405.4m | £428.5m | £460.4m | £460.4m | £445.8m | £445.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 99.2% | — | — |
| Operating income | 87.1% | — | — |
| Net income | 113.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 97.7% | 98.4% | 98.8% | 98.3% |
| Operating margin | 98.0% | 96.4% | 96.9% | 96.6% |
| Net margin | 89.8% | 87.0% | 88.7% | 89.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.4 | 11.7 | 17.1 | 146.0 | 12.3 | -180.7 | 5.0 | -24.5 | 7.5 | 5.9 |
| Price to sales | 11.2 | 11.2 | 14.2 | 98.5 | 11.9 | -287.3 | 4.9 | -30.6 | 7.0 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 6 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.117 | 0.163 | 0.138 | 0.137 | 0.129 | 0.128 | 0.127 | 0.125 |
- 5-for-1 split · 25 Apr 1997
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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