F 
318.80p
+0.25%
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
£739.2m
FY2016FY2025
Net income
£66.3m
FY2016FY2025
Free cash flow
£114.0m
FY2016FY2025
Shareholders' equity
£1.04bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £739.2m | £788.2m | £788.9m | £825.4m | £606.8m | £339.6m | £221.5m | £124.6m | £84.4m | £59.0m |
| Operating income | £135.7m | £133.7m | £174.5m | £188.6m | £115.3m | £64.5m | £26.7m | £5.3m | £800,000 | −£14.2m |
| Net income | £66.3m | £76.8m | £113.4m | £122.2m | £66.1m | £44.3m | £8.1m | £2.9m | £1.6m | −£14.2m |
| Diluted earnings per share | 0.62 | 0.67 | 0.94 | 1.07 | 0.49 | 0.45 | 0.08 | 0.05 | 0.03 | -0.48 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.63bn | £1.71bn | £1.88bn | £1.96bn | £1.63bn | £611.2m | £386.4m | £254.7m | £122.4m | £51.9m |
| Cash and short-term investments | £27.6m | £39.7m | £60.3m | £29.2m | £324.3m | £19.3m | £6.6m | £6.4m | £10.1m | £2.9m |
| Total liabilities | £594.3m | £646.3m | £766.6m | £897.4m | £768.8m | £229.9m | £173.0m | £82.1m | £61.1m | £30.7m |
| Debt | £337.3m | £334.4m | £432.3m | £520.7m | £549.5m | £106.1m | £46.9m | £24.2m | £20.1m | £2.4m |
| Shareholders' equity | £1.04bn | £1.06bn | £1.11bn | £1.06bn | £862.3m | £381.3m | £213.4m | £172.6m | £61.3m | £21.2m |
| Shares outstanding | 107m | 114m | 120m | 114m | 136m | 99m | 99m | 61m | 48m | 29m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £117.3m | £169.8m | £182.8m | £202.6m | £165.7m | £81.4m | £49.1m | £9.8m | £10.0m | £2.0m |
| Capital spending | −£3.3m | −£13.9m | −£11.3m | −£11.6m | −£11.1m | −£4.1m | −£5.6m | −£2.4m | −£2.6m | −£2.5m |
| Free cash flow | £114.0m | £155.9m | £171.5m | £191.0m | £154.6m | £77.3m | £43.5m | £7.4m | £7.4m | −£500,000 |
| Dividends paid | −£3.7m | −£3.9m | −£4.1m | −£3.4m | −£1.6m | −£1.0m | −£400,000 | −£400,000 | −£400,000 | −£400,000 |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £349.1m | £360.8m | £378.4m | £396.7m | £391.5m | £384.2m | £404.7m | £206.3m |
| Operating income | £45.6m | £66.0m | £69.1m | £73.8m | £63.7m | £95.9m | £92.4m | £46.5m |
| Net income | £12.2m | £24.3m | £42.0m | £43.1m | £33.7m | £57.0m | £56.4m | £30.6m |
| Diluted earnings per share | 0.13 | 0.23 | 0.39 | 0.38 | 0.30 | 0.47 | 0.47 | 0.27 |
| Cash from operations | £69.0m | £42.0m | £74.0m | £73.0m | £96.0m | £96.0m | £86.0m | £50.0m |
| Capital spending | −£2.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£5.0m | −£6.0m | −£2.0m |
| Free cash flow | £67.0m | £41.0m | £73.0m | £72.0m | £95.0m | £91.0m | £80.0m | £48.0m |
| Total assets | £1.68bn | £1.63bn | £1.72bn | £1.71bn | £1.78bn | £1.88bn | £1.87bn | £489.5m |
| Cash and short-term investments | £44.6m | £27.6m | £56.2m | £39.7m | £23.1m | £60.3m | £30.8m | £7.3m |
| Debt | £363.1m | £309.6m | £304.4m | £304.6m | £328.8m | £231.4m | £431.4m | — |
| Shareholders' equity | £1.01bn | £1.04bn | £1.09bn | £1.06bn | £1.10bn | £1.11bn | £1.06bn | £265.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.6% | 16.8% | 28.6% |
| Operating income | -10.4% | 16.0% | — |
| Net income | -18.4% | 8.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.6% | 20.1% | 19.9% | 17.9% |
| Net margin | 9.4% | 12.1% | 12.0% | 10.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.5 | 13.8 | 8.4 | 11.8 | 78.5 | 38.7 | 177.9 | 101.1 | 110.1 | -3.6 |
| Price to sales | 0.8 | 1.3 | 1.2 | 1.8 | 8.6 | 5.0 | 6.5 | 2.4 | 2.1 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 15 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.17 | 0.034 | 0.034 | 0.034 | 0.056 | 0.016 | 0.01 | 0.005 |
- 15-to-1 reverse split · 2 Feb 2017
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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