F 
232.40p
-0.26%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£4.75bn
FY2017FY2026
Net income
£118.3m
FY2017FY2026
Free cash flow
£378.7m
FY2017FY2026
Shareholders' equity
£710.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £4.75bn | £4.65bn | £4.72bn | £4.75bn | £4.59bn | £4.32bn | £4.64bn | £7.13bn | £6.40bn | £5.65bn |
| Operating income | £135.7m | £222.6m | £46.5m | £7.5m | −£57.5m | −£17.1m | −£103.2m | £202.8m | £209.7m | £255.0m |
| Net income | £118.3m | £127.5m | −£15.9m | £87.1m | £636.4m | £78.4m | −£327.2m | −£66.9m | −£296.0m | £112.3m |
| Diluted earnings per share | 0.22 | 0.22 | -0.03 | 0.11 | 0.83 | 0.07 | -0.27 | -0.06 | -0.24 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £3.10bn | £3.66bn | £3.81bn | £4.41bn | £3.83bn | £8.29bn | £8.44bn | £5.95bn | £5.33bn | £5.79bn |
| Cash and short-term investments | £432.0m | £171.4m | £496.5m | £791.4m | £787.7m | £1.44bn | £968.9m | £692.9m | £555.7m | £401.3m |
| Total liabilities | £2.38bn | £2.95bn | £3.17bn | £3.66bn | £2.95bn | £7.14bn | £7.27bn | £4.43bn | £3.84bn | £3.71bn |
| Debt | £1.16bn | £1.35bn | £1.60bn | £2.99bn | £1.41bn | £3.18bn | £4.28bn | £1.65bn | £1.69bn | £1.79bn |
| Shareholders' equity | £710.0m | £696.7m | £633.3m | £740.2m | £876.6m | £1.18bn | £1.21bn | £1.55bn | £1.48bn | £2.06bn |
| Shares outstanding | 543m | 583m | 599m | 764m | 763m | 1,203m | 1,203m | 1,211m | 1,217m | 1,219m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £620.5m | £754.2m | £543.3m | £573.8m | £65.4m | £1.20bn | £959.8m | £563.7m | £636.9m | £520.4m |
| Capital spending | −£241.8m | −£156.4m | −£216.9m | −£177.9m | −£251.6m | −£389.6m | −£331.0m | −£421.3m | −£395.9m | −£374.1m |
| Free cash flow | £378.7m | £597.8m | £326.4m | £395.9m | −£186.2m | £814.8m | £628.8m | £142.4m | £241.0m | £146.3m |
| Dividends paid | −£38.9m | −£34.2m | −£29.5m | −£14.7m | −£900.3m | −£76.2m | −£115.5m | — | −£447.7m | −£115.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £2.45bn | £2.30bn | £2.72bn | £2.34bn | £2.51bn | £2.21bn | £1.10bn | £2.54bn |
| Operating income | £81.0m | £103.6m | £122.3m | £100.3m | £234.8m | £75.6m | £32.5m | £32.9m |
| Net income | £62.8m | £55.5m | £71.7m | £55.8m | £39.2m | −£55.1m | −£25.6m | £87.7m |
| Diluted earnings per share | 0.12 | 0.10 | 0.12 | 0.09 | 0.07 | -0.07 | -0.04 | 0.11 |
| Cash from operations | £419.0m | £200.0m | £443.0m | £318.0m | £331.0m | £220.0m | — | £179.0m |
| Capital spending | −£109.0m | −£132.0m | −£79.0m | −£71.0m | −£103.0m | −£115.0m | — | −£56.0m |
| Free cash flow | £310.0m | £68.0m | £364.0m | £247.0m | £228.0m | £105.0m | — | £123.0m |
| Total assets | £3.10bn | £3.36bn | £3.66bn | £3.54bn | £3.81bn | £4.17bn | £4.17bn | £4.41bn |
| Cash and short-term investments | £432.0m | £421.0m | £487.1m | £436.8m | £496.5m | £685.5m | £685.5m | £791.4m |
| Debt | £576.6m | £999.0m | £1.04bn | £548.2m | £1.05bn | £702.4m | £1.22bn | £738.9m |
| Shareholders' equity | £710.0m | £622.7m | £696.7m | £690.4m | £633.3m | £619.2m | £633.7m | £740.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.0% | 1.9% | -0.9% |
| Operating income | 162.5% | — | -5.1% |
| Net income | 10.7% | 8.6% | 2.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.8% | 2.2% | 1.2% | 2.0% |
| Net margin | 2.6% | 1.7% | 3.7% | 1.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.8 | 8.7 | -60.5 | 15.4 | 1.2 | 15.7 | -2.7 | -11.8 | -1.8 | 6.3 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2013 | FY2012 | FY2011 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.05 | 0.07 | 0.057 | 0.044 | 0.02 | 0.214 | 0.205 | 0.191 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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