F 
143.00p
0.00%
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
£78.8m
FY2016FY2025
Net income
£19.9m
FY2016FY2025
Free cash flow
£6.5m
FY2016FY2025
Shareholders' equity
£37.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £78.8m | £75.7m | £81.8m | £124.2m | £120.3m | £395.6m | £403.9m | £403.2m | £346.2m | £314.9m |
| Research and development | — | £116,000 | £810,000 | £6.8m | £7.6m | £2.1m | £3.1m | £1.6m | £1.3m | £1.3m |
| Operating income | £2.4m | £59,000 | £848,000 | £8.2m | £8.2m | £12.6m | £15.3m | £13.3m | £9.6m | £12.9m |
| Net income | £19.9m | −£5.7m | −£226,000 | £2.7m | £7.7m | £8.4m | £12.0m | £11.9m | £7.0m | £9.6m |
| Diluted earnings per share | 0.23 | -0.06 | -0.00 | 0.01 | 0.08 | 0.09 | 0.13 | 0.13 | 0.08 | 0.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £59.8m | £143.8m | £160.0m | £307.6m | £262.7m | £244.8m | £256.4m | £231.2m | £208.6m | £202.2m |
| Cash and short-term investments | £7.9m | £13.7m | £23.1m | £22.5m | £24.3m | £17.6m | £28.6m | £24.6m | £23.9m | £48.4m |
| Total liabilities | £22.4m | £48.9m | £52.1m | £175.2m | £128.1m | £113.2m | £125.4m | £110.2m | £102.7m | £92.1m |
| Debt | £6.2m | £6.4m | £25.7m | £44.1m | £49.7m | £50.4m | £52.4m | £40.0m | £38.0m | £40.3m |
| Shareholders' equity | £37.4m | £94.9m | £107.9m | £118.1m | £117.4m | £114.8m | £114.3m | £105.3m | £91.5m | £96.7m |
| Shares outstanding | 87m | 94m | 94m | 190m | 94m | 92m | 94m | 93m | 92m | 91m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.7m | £7.4m | −£919,000 | −£1.8m | £18.9m | £17.3m | £13.3m | £11.5m | £13.2m | £10.1m |
| Capital spending | −£1.3m | −£1.2m | −£2.0m | −£4.0m | −£3.1m | −£6.6m | −£5.8m | −£4.5m | −£2.9m | −£5.8m |
| Free cash flow | £6.5m | £6.2m | −£3.0m | −£5.8m | £15.8m | £10.7m | £7.5m | £7.0m | £10.3m | £4.3m |
| Dividends paid | −£3.8m | −£6.0m | −£4.9m | −£4.7m | −£5.5m | −£3.3m | −£4.2m | −£3.8m | −£19.5m | −£3.3m |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Aug 2023 | Feb 2023 | Aug 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £50.6m | £28.3m | £50.6m | −£5.7m | £23.6m | £63.5m | £79.8m | £59.7m |
| Operating income | £5.6m | −£5.3m | £7.7m | −£2.1m | £1.6m | £1.9m | £3.7m | £342,000 |
| Net income | £4.2m | £12.9m | £7.1m | −£8.5m | £2.8m | −£4.2m | £3.9m | £3.5m |
| Diluted earnings per share | 0.08 | 0.15 | 0.08 | -0.09 | 0.03 | -0.04 | 0.04 | 0.02 |
| Cash from operations | £3.0m | — | £7.0m | £1.0m | £5.0m | — | — | £11.0m |
| Capital spending | — | −£1.0m | — | — | — | −£1.0m | −£2.0m | −£2.0m |
| Free cash flow | — | — | — | — | — | — | — | £9.0m |
| Total assets | £73.5m | £59.8m | £151.4m | £143.8m | £156.4m | £162.3m | £169.0m | £307.6m |
| Cash and short-term investments | £12.3m | £7.9m | £20.2m | £13.7m | £21.6m | £23.1m | £23.5m | £22.5m |
| Debt | £11.0m | £5.5m | £4.8m | £5.9m | £10.2m | £23.1m | £9.4m | £14.2m |
| Shareholders' equity | £42.3m | £37.4m | £102.4m | £94.9m | £107.7m | £107.9m | £120.3m | £118.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -14.1% | -27.6% | -13.4% |
| Operating income | -33.8% | -28.3% | -15.1% |
| Net income | 94.5% | 18.8% | 8.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.6% | 3.2% | 3.7% | 3.6% |
| Net margin | 9.2% | 4.6% | 3.7% | 3.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.8 | -19.3 | -419.1 | 87.4 | 19.6 | 14.2 | 7.8 | 7.6 | 10.9 | 9.1 |
| Price to sales | 1.5 | 1.5 | 1.2 | 1.9 | 1.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 22 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.012 | 0.041 | 0.052 | 0.052 | 0.05 | 0.049 | 0.048 | 0.046 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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