F 
419.50p
+1.82%
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
£282.8m
FY2016FY2025
Net income
£273.4m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
£2.22bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £282.8m | £137.8m | £134.4m | −£34.0m | £286.8m | £108.7m | £227.2m | −£45.6m | £175.1m | £132.7m |
| Research and development | — | — | £2 | £1 | £2 | £1 | £3 | £1 | £2 | £3 |
| Operating income | £273.1m | £18.1m | £243.5m | −£54.1m | £285.9m | £107.7m | £225.9m | −£94.0m | £174.3m | £131.8m |
| Net income | £273.4m | £10.8m | £238.7m | −£57.0m | £282.3m | £106.4m | £223.4m | −£49.7m | £172.3m | £130.8m |
| Diluted earnings per share | 0.53 | 0.03 | 0.58 | -0.14 | 0.69 | 0.26 | 0.54 | -0.12 | 0.41 | 0.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.25bn | £1.57bn | £1.59bn | £1.39bn | £1.48bn | £1.22bn | £1.14bn | £958.2m | £1.04bn | £878.0m |
| Cash and short-term investments | £47.7m | £63.0m | £52.8m | £44.9m | £11.4m | £7.1m | £9.4m | £4.4m | £4.1m | £4.0m |
| Total liabilities | £32.2m | £7.3m | £4.9m | £10.8m | £1.1m | £1.4m | £912,000 | £2.9m | £8.9m | £1.9m |
| Debt | £30.6m | — | — | — | — | — | — | — | — | — |
| Shareholders' equity | £2.22bn | £1.56bn | £1.59bn | £1.38bn | £1.47bn | £1.22bn | £1.14bn | £955.3m | £1.03bn | £875.4m |
| Shares outstanding | 511m | 409m | 409m | 409m | 411m | 411m | 411m | 413m | 415m | 416m |
Cash flow
Fiscal years
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £144.8m | £132.8m | £159.2m | −£96.4m | £138.2m | £69.1m | £96.3m | £48.1m |
| Operating income | £133.7m | £125.5m | £152.9m | −£107.8m | £126.0m | £66.0m | £90.5m | £45.3m |
| Net income | £129.1m | £124.4m | £148.9m | −£110.2m | £121.0m | £60.5m | £86.3m | £43.1m |
| Diluted earnings per share | 0.26 | 0.24 | 0.29 | -0.27 | 0.30 | 0.15 | 0.21 | 0.11 |
| Total assets | £2.29bn | £2.25bn | £1.69bn | £1.57bn | £1.69bn | £1.69bn | £1.59bn | £1.59bn |
| Cash and short-term investments | £29.9m | £47.7m | £33.1m | £63.0m | £42.6m | £42.6m | £52.8m | £52.8m |
| Shareholders' equity | £2.25bn | £2.22bn | £1.69bn | £1.56bn | £1.69bn | £1.69bn | £1.59bn | £1.59bn |
Financial ratios
Data as of 30 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | FY2004 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating margin | 96.6% | 32.2% | 367.8% | 157.6% | 99.7% | 99.1% | — | — | — | — | — | — | — | — |
| Net margin | 96.6% | 7.8% | 177.6% | 167.7% | 98.4% | 97.9% | — | — | — | — | — | — | — | — |
| Return on equity | 12.3% | 0.7% | 15.0% | -4.1% | 19.2% | 8.7% | — | — | — | — | — | — | — | — |
| Return on assets | 12.1% | 0.7% | 15.0% | -4.1% | 19.1% | 8.7% | — | — | — | — | — | — | — | — |
| Revenue growth | 105.3% | 2.6% | -495.5% | -111.8% | 163.9% | -52.2% | — | — | — | — | — | — | — | — |
| Earnings growth | 2440.5% | -95.5% | -519.0% | -120.2% | 165.4% | -52.4% | — | — | — | — | — | — | — | — |
| Current ratio | 37.14x | 8.67x | 14.95x | 4.90x | 19.19x | 9.49x | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | — | — | — | — | 0.09x | 0.15x | 0.09x | 0.12x | 0.07x | 0.12x |
| Equity ratio | 98.6% | 99.5% | 99.7% | 99.2% | 99.9% | 99.9% | — | — | — | — | — | — | — | — |
| Interest coverage | 867.10x | 5.19x | 77.17x | -68.47x | 532.39x | 480.85x | — | — | — | — | — | — | — | — |
| R&D as a share of sales | — | — | 0.0% | -0.0% | 0.0% | 0.0% | 0.0% | -0.0% | — | — | — | — | — | — |
| Buybacks as a share of market value | -25.1% | 0.0% | 0.0% | 0.6% | 0.1% | -0.0% | — | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | 21.1% | 18.2% |
| Operating income | — | 20.5% | 18.1% |
| Net income | — | 20.8% | 18.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 69.2% | 92.3% | 95.4% | 93.5% |
| Net margin | 67.5% | 89.4% | 93.2% | 94.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.8 | 133.7 | 6.2 | -22.9 | 5.0 | 11.1 | 4.8 | -17.2 | 5.5 | 5.8 |
| Price to sales | 7.5 | 10.4 | 10.9 | -38.4 | 4.9 | 10.8 | 4.7 | -18.7 | 5.4 | 5.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 17 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.102 | 0.094 | 0.086 | 0.079 | 0.073 | 0.066 | 0.065 | 0.089 |
- 10-for-1 split · 2 Jun 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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