E 
46.55p
+0.65%
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
£1.75bn
FY2015FY2024
Net income
−£192.0m
FY2015FY2024
Free cash flow
£131.1m
FY2015FY2024
Shareholders' equity
−£116.4m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.75bn | £1.71bn | £1.24bn | £712.3m | £662.7m | £439.1m | £405.6m | £420.8m | £385.8m | £302.5m |
| Research and development | — | — | — | — | — | £26.3m | £24.6m | £27.5m | £25.4m | £24.1m |
| Operating income | £80.2m | £89.3m | £97.3m | £80.5m | £86.6m | £42.7m | £66.5m | £56.6m | £47.8m | £32.4m |
| Net income | −£192.0m | −£56.4m | −£120.5m | £49.9m | £8.8m | £32.6m | £71.1m | £9.8m | £38.2m | £19.3m |
| Diluted earnings per share | -0.43 | -0.13 | -0.28 | 0.13 | 0.02 | 0.09 | 0.19 | 0.03 | 0.10 | 0.05 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.67bn | £2.75bn | £2.96bn | £400.1m | £356.0m | £326.6m | £298.3m | £293.2m | £308.5m | £262.1m |
| Cash and short-term investments | £265.4m | £256.2m | £317.6m | £189.4m | £139.0m | £73.1m | £103.1m | £132.0m | £139.0m | £118.9m |
| Total liabilities | £2.79bn | £2.67bn | £2.80bn | £275.7m | £246.0m | £202.4m | £172.7m | £209.4m | £175.9m | £152.1m |
| Debt | £1.83bn | £1.75bn | £1.79bn | £22.9m | £24.6m | £39.6m | — | — | — | — |
| Shareholders' equity | −£116.4m | £79.9m | £159.2m | £124.4m | £110.0m | £124.2m | £125.7m | £83.8m | £132.6m | £110.1m |
| Shares outstanding | 449m | 448m | 427m | 378m | 376m | 369m | 367m | 368m | 366m | 360m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £226.5m | £151.4m | −£30.2m | £96.6m | £159.9m | £63.9m | £31.6m | £74.2m | £50.5m | £55.6m |
| Capital spending | −£95.4m | −£70.3m | −£76.8m | −£23.0m | −£25.7m | −£17.9m | −£16.5m | −£15.8m | −£13.5m | −£9.4m |
| Free cash flow | £131.1m | £81.1m | −£107.0m | £73.6m | £134.1m | £46.1m | £15.1m | £58.3m | £37.0m | £46.2m |
| Dividends paid | — | — | — | −£43.8m | −£25.9m | −£31.7m | −£42.5m | −£54.7m | −£41.9m | −£35.0m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | Jun 2022 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £887.8m | £892.5m | £862.0m | £829.3m | £881.6m | £906.7m | £332.1m | £331.4m |
| Operating income | £62.9m | £77.6m | £2.6m | £40.7m | £48.6m | £65.8m | £31.5m | £27.4m |
| Net income | −£64.5m | −£48.8m | −£143.2m | −£23.9m | −£32.5m | −£132.5m | £12.0m | £13.2m |
| Diluted earnings per share | -0.14 | -0.11 | -0.32 | -0.05 | -0.07 | -0.30 | 0.03 | 0.03 |
| Cash from operations | £139.0m | £151.0m | £74.0m | £57.0m | £94.0m | £10.0m | −£41.0m | £45.0m |
| Capital spending | −£49.0m | −£60.0m | −£34.0m | −£36.0m | −£33.0m | −£62.0m | −£14.0m | −£9.0m |
| Free cash flow | £90.0m | £91.0m | £40.0m | £21.0m | £61.0m | −£52.0m | −£55.0m | £36.0m |
| Total assets | £2.60bn | £2.67bn | £2.65bn | £2.75bn | £2.82bn | £2.96bn | £529.9m | £400.1m |
| Cash and short-term investments | £242.9m | £265.4m | £243.6m | £256.2m | £318.0m | £317.6m | £299.5m | £189.4m |
| Debt | £1.78bn | £1.80bn | £1.72bn | £1.72bn | £1.72bn | £1.76bn | £14.4m | £18.1m |
| Shareholders' equity | −£189.7m | −£116.4m | −£56.1m | £79.9m | £144.2m | £159.2m | £312.6m | £124.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 35.1% | 31.9% | 20.3% |
| Operating income | -0.1% | 13.4% | 5.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.9% | 6.4% | 7.3% | 8.8% |
| Net margin | -7.2% | -5.9% | -4.3% | -1.3% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.4 | -7.6 | -3.1 | 22.8 | 121.8 | 18.7 | 9.0 | 106.0 | 20.8 | 34.0 |
| Price to sales | 0.2 | 0.3 | 0.3 | 1.6 | 1.6 | 1.4 | 1.6 | 2.5 | 2.1 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Sept 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.061 | 0.058 | 0.05 | 0.101 | 0.145 | 0.118 | 0.105 | 0.075 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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