F 
862.00p
-0.81%
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
£155.8m
FY2016FY2025
Net income
−£13.9m
FY2016FY2025
Free cash flow
£24.1m
FY2016FY2025
Shareholders' equity
£1.23bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £155.8m | £220.2m | −£113.8m | £201.3m | −£136.8m | −£136.8m | £274.2m | £159.1m | £138.9m | £153.1m |
| Research and development | — | — | — | — | — | £1 | £1 | £2 | £4 | £5 |
| Operating income | −£12.1m | £108.4m | −£116.9m | £197.5m | −£140.7m | −£140.7m | £270.6m | £156.6m | £136.5m | £151.4m |
| Net income | −£13.9m | £108.2m | −£118.7m | £196.6m | −£141.4m | −£141.4m | £269.8m | £155.5m | £135.6m | £150.3m |
| Diluted earnings per share | -0.10 | 0.61 | -0.60 | 0.93 | -0.63 | -0.64 | 1.31 | 0.86 | 0.83 | 1.02 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.26bn | £1.62bn | — | — | — | £1.88bn | £1.92bn | £1.45bn | £1.20bn | £972.1m |
| Cash and short-term investments | £5.1m | £14.6m | — | — | — | £20.4m | £22.4m | £13.2m | £11.5m | £12.2m |
| Total liabilities | £33.8m | £33.2m | — | — | — | £37.8m | £36.7m | £37.9m | £37.9m | £36.1m |
| Debt | £29.2m | £29.2m | — | — | — | £36.7m | £36.7m | £36.7m | £36.7m | £34.5m |
| Shareholders' equity | £1.23bn | £1.58bn | — | — | — | £1.84bn | £1.88bn | £1.41bn | £1.16bn | £936.0m |
| Shares outstanding | 133m | 178m | 197m | 211m | 224m | 222m | 205m | 180m | 163m | 148m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £24.1m | £33.8m | £37.4m | £31.6m | £25.8m | £25.8m | £26.6m | £21.1m | £18.1m | £15.5m |
| Free cash flow | £24.1m | £33.8m | £37.4m | £31.6m | £25.8m | £25.8m | £26.6m | £21.1m | £18.1m | £15.5m |
| Dividends paid | −£30.9m | −£37.9m | −£39.0m | −£36.6m | −£34.2m | −£34.2m | −£29.2m | −£23.7m | −£20.3m | −£15.9m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −£164.4m | £143.5m | £12.3m | £24.5m | £96.6m | £48.3m | −£79.7m | −£39.9m |
| Operating income | −£167.8m | −£22.1m | £10.0m | £19.5m | £91.3m | £45.6m | −£85.5m | −£42.8m |
| Net income | −£168.6m | −£32.9m | £9.5m | £18.2m | £90.0m | £45.0m | −£87.6m | −£43.8m |
| Diluted earnings per share | -1.40 | -0.25 | 0.07 | 0.10 | 0.51 | 0.23 | -0.44 | -0.22 |
| Cash from operations | £4.0m | £16.0m | £7.0m | £20.0m | £12.0m | £6.0m | £20.0m | £11.0m |
| Total assets | £890.4m | £1.26bn | £1.42bn | £1.62bn | £1.78bn | £1.78bn | £1.86bn | £1.86bn |
| Cash and short-term investments | £3.7m | £5.1m | £2.1m | £14.6m | £6.8m | £6.8m | £17.4m | £17.4m |
| Debt | — | £29.2m | £29.2m | — | — | — | — | — |
| Shareholders' equity | £856.3m | £1.23bn | £1.38bn | £1.58bn | £1.75bn | £1.75bn | £1.82bn | £1.82bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.2% | — | 9.8% |
| Operating income | — | -38.8% | — |
| Net income | — | -37.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 25.6% | 38.2% | -55.0% | 68.7% |
| Net margin | 25.1% | 37.1% | -58.3% | 67.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -78.8 | 14.7 | -14.2 | 9.0 | -14.5 | -13.7 | 6.8 | 8.7 | 9.3 | 6.4 |
| Price to sales | 7.0 | 7.2 | -14.9 | 8.8 | -15.0 | -14.2 | 6.7 | 8.5 | 9.1 | 6.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 8 Oct 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.088 | 0.202 | 0.301 | 0.183 | 0.174 | 0.08 | 0.166 | 0.166 |
- 10-for-1 split · 3 Jan 1992
- 13-for-12 split · 14 Nov 1991
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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