D 
771.00p
-0.52%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£443.3m
FY2017FY2026
Net income
£29.0m
FY2017FY2026
Free cash flow
£42.3m
FY2017FY2026
Shareholders' equity
£328.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £443.3m | £422.9m | £437.0m | £448.9m | £379.2m | £302.8m | £466.4m | £438.9m | £387.9m | £338.2m |
| Operating income | £41.4m | £42.4m | £31.2m | £36.3m | £27.4m | £18.3m | £27.5m | £24.3m | £19.2m | £15.7m |
| Net income | £29.0m | £24.6m | £15.5m | £21.3m | £19.0m | £12.0m | £14.3m | £14.6m | £11.8m | £3.5m |
| Diluted earnings per share | 0.30 | 0.25 | 0.16 | 0.22 | 0.19 | 0.13 | 0.16 | 0.18 | 0.16 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £694.6m | £695.0m | £668.7m | £585.7m | £592.7m | £428.2m | £433.8m | £328.3m | £302.3m | £270.6m |
| Cash and short-term investments | £125.3m | £139.3m | £110.8m | £83.9m | £108.8m | £29.2m | £36.8m | £22.9m | £21.9m | £21.0m |
| Total liabilities | £366.0m | £387.0m | £367.1m | £282.1m | £302.3m | £219.8m | £233.3m | £193.6m | £175.5m | £146.8m |
| Debt | £239.8m | £261.0m | £234.9m | £145.4m | £160.1m | £97.9m | £118.1m | £86.2m | £74.3m | £51.0m |
| Shareholders' equity | £328.6m | £308.0m | £301.6m | £303.6m | £290.4m | £208.4m | £200.5m | £134.7m | £126.8m | £123.8m |
| Shares outstanding | 96m | 99m | 98m | 99m | 98m | 93m | 92m | 83m | 75m | 75m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £48.0m | £46.4m | £41.2m | £36.3m | £30.9m | £46.6m | £37.4m | £22.4m | £15.0m | £14.5m |
| Capital spending | −£5.7m | −£6.1m | −£4.8m | −£5.6m | −£6.2m | −£3.9m | −£6.3m | −£4.2m | −£3.7m | −£2.8m |
| Free cash flow | £42.3m | £40.3m | £36.4m | £30.7m | £24.7m | £42.7m | £31.1m | £18.2m | £11.3m | £11.7m |
| Dividends paid | −£12.2m | −£11.7m | −£11.2m | −£10.5m | −£9.4m | −£2.8m | −£8.1m | −£6.7m | −£6.2m | −£5.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £226.9m | £216.4m | £211.8m | £211.1m | £215.0m | £222.0m | £229.2m | £114.6m |
| Operating income | −£48.5m | £21.2m | £27.1m | £21.1m | £11.7m | £20.9m | £18.2m | £10.6m |
| Net income | £15.7m | £13.3m | £12.6m | £12.0m | £4.0m | £11.5m | £10.6m | £5.3m |
| Diluted earnings per share | 0.16 | 0.14 | 0.13 | 0.12 | 0.04 | 0.12 | 0.11 | 0.05 |
| Cash from operations | £26.0m | £22.0m | £30.0m | £19.0m | £31.0m | £10.0m | £13.0m | £13.0m |
| Capital spending | −£2.0m | −£2.0m | −£3.0m | −£2.0m | −£2.0m | −£2.0m | −£1.0m | −£1.0m |
| Free cash flow | £24.0m | £20.0m | £27.0m | £17.0m | £29.0m | £8.0m | £12.0m | £12.0m |
| Total assets | £694.6m | £691.4m | £695.0m | £648.7m | £668.7m | £691.5m | £585.7m | £585.7m |
| Cash and short-term investments | £125.3m | £140.9m | £139.3m | £115.6m | £110.8m | £122.7m | £83.9m | £83.9m |
| Debt | £212.3m | £237.8m | £239.8m | £89.8m | £220.5m | £97.5m | £130.6m | — |
| Shareholders' equity | £328.6m | £313.3m | £308.0m | £296.6m | £301.6m | £305.8m | £303.6m | £103.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.4% | 7.9% | 4.4% |
| Operating income | 4.5% | 17.7% | 12.3% |
| Net income | 10.8% | 19.3% | 14.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.7% | 8.6% | 8.1% | 6.8% |
| Net margin | 6.2% | 5.2% | 5.0% | 4.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.7 | 24.1 | 45.4 | 36.5 | 37.8 | 79.8 | 43.4 | 32.2 | 22.9 | 79.4 |
| Price to sales | 1.7 | 1.4 | 1.6 | 1.7 | 1.9 | 3.2 | 1.3 | 1.1 | 0.7 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 25 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.09 | 0.127 | 0.122 | 0.117 | 0.11 | 0.104 | 0.032 | 0.097 |
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.