D 
1,953.00p
+0.46%
Close of 9 Nov 2026, in pence
Search any instrument
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
£388.7m
FY2016FY2025
Net income
£161.1m
FY2016FY2025
Free cash flow
£218.0m
FY2016FY2025
Shareholders' equity
£3.62bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £388.7m | £271.7m | £267.8m | £249.0m | £240.3m | £266.9m | £227.6m | £228.5m | £203.7m | £194.2m |
| Research and development | — | — | £2 | £1 | £1 | £0 | £1 | — | — | — |
| Operating income | £207.1m | £156.4m | −£436.4m | £163.7m | £276.2m | £145.7m | £311.0m | £241.4m | £338.4m | £82.3m |
| Net income | £161.1m | £115.9m | −£476.4m | −£280.5m | £252.3m | −£77.6m | £283.4m | £222.3m | £314.0m | £58.7m |
| Diluted earnings per share | 1.44 | 1.03 | -4.24 | -2.50 | 2.24 | -0.69 | 2.53 | 1.99 | 2.80 | 0.53 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £5.31bn | £5.21bn | £5.03bn | £5.51bn | £5.91bn | £5.53bn | £5.63bn | £5.35bn | £5.04bn | £5.05bn |
| Cash and short-term investments | £131.7m | £71.4m | £73.0m | £76.6m | £105.5m | £50.7m | £54.5m | £18.3m | £87.0m | £17.7m |
| Total liabilities | £1.70bn | £1.67bn | £1.52bn | £1.43bn | £1.47bn | £1.22bn | £1.16bn | £1.09bn | £844.9m | £1.06bn |
| Debt | £1.57bn | £1.50bn | £1.37bn | £1.28bn | £1.32bn | £1.10bn | £1.04bn | £975.2m | £757.2m | £934.8m |
| Shareholders' equity | £3.62bn | £3.54bn | £3.51bn | £4.08bn | £4.44bn | £4.26bn | £4.42bn | £4.20bn | £4.13bn | £3.93bn |
| Shares outstanding | 112m | 113m | 112m | 112m | 112m | 112m | 112m | 112m | 112m | 111m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £228.0m | £64.6m | £97.0m | −£280.5m | £252.3m | £85.4m | £97.1m | £115.2m | £83.5m | £77.7m |
| Capital spending | −£10.0m | −£141.5m | −£700,000 | −£122.7m | −£173.7m | −£175.6m | −£204.3m | −£800,000 | −£5.0m | −£4.5m |
| Free cash flow | £218.0m | −£76.9m | £96.3m | −£403.2m | £78.6m | −£90.2m | −£107.2m | £114.4m | £78.5m | £73.2m |
| Dividends paid | −£90.8m | −£89.6m | −£88.7m | −£86.8m | −£84.3m | −£81.8m | −£75.1m | −£152.0m | −£119.7m | −£48.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £146.5m | £254.4m | £141.1m | £126.7m | £145.0m | £133.4m | £134.4m | £127.2m |
| Operating income | £77.4m | £81.4m | £78.5m | £164.2m | −£7.8m | £75.3m | £75.8m | £82.1m |
| Net income | −£18.6m | £66.6m | £94.5m | £143.4m | −£27.5m | −£333.2m | −£143.2m | −£415.8m |
| Diluted earnings per share | -0.17 | 0.59 | 0.84 | 1.27 | -0.24 | -2.97 | -1.28 | -3.70 |
| Cash from operations | £34.0m | £169.0m | £58.0m | £21.0m | £43.0m | £53.0m | £43.0m | −£70.0m |
| Capital spending | −£54.0m | −£66.0m | −£76.0m | −£1.0m | — | — | — | −£30.0m |
| Free cash flow | −£20.0m | £103.0m | −£18.0m | £20.0m | — | — | — | −£100.0m |
| Total assets | £5.19bn | £5.31bn | £5.33bn | £5.21bn | £4.99bn | £5.03bn | £5.35bn | £5.51bn |
| Cash and short-term investments | £80.8m | £131.7m | £91.7m | £72.0m | £83.2m | £73.0m | £98.4m | £76.6m |
| Debt | £1.41bn | £1.49bn | £1.55bn | £1.46bn | £1.36bn | £1.34bn | £1.28bn | £1.25bn |
| Shareholders' equity | £3.52bn | £3.62bn | £3.58bn | £3.54bn | £3.42bn | £3.51bn | £3.87bn | £4.08bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 54.5% | 55.8% | -164.0% | -97.8% | 114.9% | -21.1% | — |
| Net margin | 41.4% | 42.7% | -177.9% | -112.7% | 105.0% | -29.1% | — |
| Return on equity | 4.5% | 3.3% | -13.6% | -6.9% | 5.7% | -1.8% | — |
| Return on assets | 3.0% | 2.2% | -9.5% | -5.1% | 4.3% | -1.4% | — |
| Free cash flow yield | 0.1% | 0.1% | 0.0% | -0.1% | 0.2% | 0.1% | — |
| Revenue growth | 43.1% | 1.5% | 7.6% | 3.6% | -10.0% | 17.3% | — |
| Earnings growth | 39.0% | -124.3% | 69.8% | -211.2% | -425.1% | -127.4% | — |
| Current ratio | 0.59x | 0.78x | 0.74x | 1.27x | 1.34x | 2.83x | — |
| Debt to equity | 0.41x | 0.41x | 0.38x | 0.31x | 0.29x | 0.27x | — |
| Equity ratio | 68.0% | 67.9% | 69.8% | 74.0% | 75.2% | 77.1% | — |
| Interest coverage | 4.20x | 4.14x | -11.93x | -5.21x | 6.89x | -1.40x | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | 0.6% | -0.6% | -0.0% | 0.1% | -0.4% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.0% | 7.8% | 6.8% |
| Operating income | 8.2% | 7.3% | 5.6% |
| Net income | — | — | -14.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 55.0% | 7.7% | 30.4% | 58.6% |
| Net margin | 41.9% | -40.8% | -18.1% | 48.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.1 | 19.1 | -5.6 | -9.5 | 15.2 | -44.7 | 15.8 | 14.3 | 11.1 | 52.6 |
| Price to sales | 5.0 | 8.1 | 9.9 | 10.7 | 16.0 | 13.0 | 19.7 | 14.0 | 17.2 | 15.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 3 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.82 | 0.81 | 0.80 | 0.79 | 0.775 | 0.58 | 0.39 | 0.378 |
- 2-for-1 split · 13 Jun 1994
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.