4 
4,290.00p
-1.83%
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 USD, from our data supplier.
Revenue
$1.38bn
FY2016FY2025
Net income
$116.0m
FY2016FY2025
Free cash flow
$129.7m
FY2016FY2025
Shareholders' equity
$163.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.38bn | $1.37bn | $1.33bn | $1.14bn | $787.3m | $560.0m | $860.8m | $738.4m | $627.5m | $558.2m |
| Gross profit | $445.1m | $435.4m | $383.6m | $305.6m | $226.0m | $133.0m | $258.0m | $218.7m | $189.3m | $167.8m |
| Operating income | $148.2m | $148.1m | $136.2m | $103.3m | $30.6m | $4.0m | $53.2m | $45.0m | $41.4m | $37.5m |
| Net income | $116.0m | $117.2m | $106.2m | $80.1m | $22.6m | $3.1m | $42.7m | $35.2m | $28.9m | $24.5m |
| Diluted earnings per share | 4.12 | 4.15 | 3.77 | 2.85 | 0.80 | 0.11 | 1.52 | 1.25 | 1.03 | 0.87 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $262.4m | $287.5m | $238.3m | $240.3m | $167.8m | $133.1m | $137.5m | $110.0m | $108.8m | $90.7m |
| Cash and short-term investments | $132.8m | $147.6m | $104.5m | $86.8m | $41.6m | $39.8m | $41.1m | $27.5m | $30.8m | $21.7m |
| Total liabilities | $99.0m | $102.4m | $103.8m | $100.1m | $84.8m | $67.7m | $74.5m | $66.7m | $66.7m | $61.4m |
| Debt | $3.4m | $5.3m | $12.3m | $13.8m | $12.1m | $13.2m | $2.0m | — | — | — |
| Shareholders' equity | $163.4m | $185.1m | $134.5m | $140.2m | $83.0m | $65.4m | $62.9m | $43.3m | $42.1m | $29.3m |
| Shares outstanding | 28m | 28m | 28m | 28m | 28m | 28m | 28m | 28m | 28m | 28m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $133.6m | $132.6m | $137.0m | $77.0m | $11.4m | $2.7m | $46.7m | $34.0m | $28.0m | $20.0m |
| Capital spending | −$4.0m | −$19.6m | −$10.0m | −$8.1m | −$3.5m | −$3.4m | −$8.2m | −$2.5m | −$1.8m | −$2.9m |
| Free cash flow | $129.7m | $113.0m | $127.0m | $68.9m | $8.0m | −$763,000 | $38.5m | $31.5m | $26.2m | $17.1m |
| Dividends paid | −$145.8m | −$65.5m | −$110.8m | −$18.7m | −$4.1m | −$477,000 | −$20.7m | −$33.0m | −$15.8m | −$12.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $660.9m | $690.7m | $659.4m | $700.4m | $667.5m | $691.0m | $635.5m | $624.8m |
| Gross profit | $208.2m | $220.6m | $216.5m | — | $214.0m | $190.2m | $193.4m | $158.2m |
| Operating income | $59.1m | $74.9m | $70.7m | $78.2m | $69.9m | $72.4m | $63.9m | $59.3m |
| Net income | $43.1m | $58.4m | $55.5m | $62.5m | $54.7m | $56.7m | $49.5m | $46.7m |
| Diluted earnings per share | 1.53 | 2.07 | 1.97 | 2.21 | 1.94 | 2.01 | 1.75 | 1.66 |
| Cash from operations | $58.0m | $55.0m | $72.0m | $58.0m | $74.0m | $53.0m | $83.0m | $36.0m |
| Capital spending | −$7.0m | −$1.0m | −$2.0m | −$6.0m | −$13.0m | −$6.0m | −$3.0m | −$5.0m |
| Free cash flow | $51.0m | $54.0m | $70.0m | $52.0m | $61.0m | $47.0m | $80.0m | $31.0m |
| Total assets | $312.5m | $262.4m | $248.9m | $287.5m | $278.9m | $238.3m | $222.2m | $240.3m |
| Cash and short-term investments | $137.6m | $132.8m | $102.3m | $147.6m | $121.5m | $90.5m | $74.5m | $86.8m |
| Debt | $1.0m | $1.5m | $1.8m | $3.4m | $1.6m | $1.4m | $1.4m | $1.4m |
| Shareholders' equity | $162.1m | $163.4m | $128.6m | $185.1m | $147.8m | $134.5m | $92.5m | $140.2m |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2001 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 33.1% | 31.8% | 31.8% | 28.9% | 26.8% | 28.7% | — | — |
| Operating margin | 11.0% | 10.8% | 10.8% | 10.6% | 9.1% | 3.9% | — | — |
| Net margin | 8.4% | 8.6% | 8.6% | 8.0% | 7.0% | 2.9% | — | — |
| Return on equity | 69.5% | 63.3% | 63.3% | 79.0% | 57.1% | 27.2% | — | — |
| Return on assets | 43.3% | 40.8% | 40.8% | 44.6% | 33.3% | 13.5% | — | — |
| Free cash flow yield | 0.1% | 0.1% | — | 0.1% | 0.1% | 0.0% | 0.0% | — |
| Revenue growth | -1.5% | 0.0% | 3.1% | 16.3% | 44.8% | 40.6% | — | — |
| Earnings growth | -3.1% | 0.0% | 10.4% | 32.6% | 254.6% | 630.9% | — | — |
| Current ratio | 2.16x | 2.37x | 2.37x | 2.05x | 2.20x | 1.75x | — | — |
| Debt to equity | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | — | — |
| Equity ratio | 62.3% | 64.4% | 64.4% | 56.4% | 58.4% | 49.4% | — | — |
| Interest coverage | 726.00x | 370.25x | 370.25x | 705.50x | 243.06x | 70.49x | — | — |
| R&D as a share of sales | — | — | — | — | — | — | — | 0.2% |
| Buybacks as a share of market value | 0.2% | -0.1% | — | -0.2% | 0.1% | -0.2% | 0.1% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.4% | 19.7% | 10.7% |
| Operating income | 12.8% | 106.3% | 16.5% |
| Net income | 13.1% | 106.5% | 17.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 32.1% | 30.1% | 29.4% | 29.6% |
| Operating margin | 10.8% | 10.3% | 8.7% | 7.9% |
| Net margin | 8.5% | 8.1% | 6.8% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.5 | 15.8 | 16.3 | 20.2 | 47.1 | 312.9 | 30.7 | 19.8 | 24.8 | 27.4 |
| Price to sales | 1.1 | 1.4 | 1.3 | 1.4 | 1.4 | 1.7 | 1.5 | 0.9 | 1.1 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.194 | 1.838 | 2.597 | 1.50 | 0.56 | 0.108 | 0.578 | 0.446 |
- 1-to-1 reverse split · 17 May 1999
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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