G 
81.10p
+0.50%
Close of 9 Nov 2026, in pence
Search any instrument
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
£25.6m
FY2016FY2025
Net income
£18.4m
FY2016FY2025
Free cash flow
£49.3m
FY2016FY2025
Shareholders' equity
£848.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £25.6m | £22.3m | £148.8m | £65.0m | £2.9m | £2.9m | £61.7m | £75.9m | £48.7m | £56.4m |
| Research and development | — | — | — | — | — | £0 | £1 | £1 | £1 | £1 |
| Operating income | £18.4m | £27.0m | £140.3m | £62.4m | −£726,000 | −£726,000 | £59.1m | £76.5m | £47.7m | £55.7m |
| Net income | £18.4m | £19.5m | £140.3m | £62.4m | −£726,000 | −£726,000 | £59.1m | £73.4m | £46.6m | £54.4m |
| Diluted earnings per share | 0.02 | 0.02 | 0.16 | 0.07 | -0.00 | -0.00 | 0.07 | 0.08 | 0.06 | 0.09 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £871.1m | £971.9m | — | — | — | £1.06bn | £1.15bn | £1.13bn | £906.9m | £752.0m |
| Cash and short-term investments | £12.0m | £11.8m | — | — | — | £24.4m | £2.5m | £2.3m | £7.6m | £52.1m |
| Total liabilities | £22.4m | £58.8m | — | — | — | £140.8m | £167.2m | £147.5m | £32.4m | £28.2m |
| Debt | £19.3m | £55.8m | — | — | — | £137.7m | £164.1m | £144.7m | £29.9m | £26.2m |
| Shareholders' equity | £848.7m | £913.1m | — | — | — | £914.8m | £980.1m | £985.5m | £874.6m | £723.8m |
| Shares outstanding | 854m | 868m | 868m | 885m | 883m | 880m | 878m | 875m | 757m | 623m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £49.3m | £113.3m | £137.6m | £21.7m | £117.7m | £117.7m | £49.5m | −£154.4m | −£151.1m | £13.6m |
| Free cash flow | £49.3m | £113.3m | £137.6m | £21.7m | £117.7m | £117.7m | £49.5m | −£154.4m | −£151.1m | £13.6m |
| Dividends paid | −£59.9m | −£60.8m | −£59.0m | −£60.3m | −£64.5m | −£64.5m | −£64.5m | −£61.1m | −£53.4m | −£43.4m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £25.3m | £49.1m | £31.9m | £44.5m | £46.0m | £10.0m | £52.0m | £3.5m |
| Operating income | £18.5m | £15.5m | £2.8m | £12.7m | £14.3m | £7.1m | £10.4m | £655,500 |
| Net income | £17.0m | £18.0m | £388,000 | £9.6m | £9.9m | £5.0m | £5.1m | £2.6m |
| Diluted earnings per share | 0.02 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 |
| Cash from operations | £11.0m | £63.0m | £60.0m | £66.0m | £46.0m | £23.0m | £29.0m | £42.0m |
| Total assets | £860.4m | £871.1m | £914.8m | £971.9m | £1.03bn | £1.03bn | £1.06bn | £1.06bn |
| Cash and short-term investments | £9.7m | £12.0m | £11.8m | £11.8m | £1.03bn | £1.03bn | £16.9m | £1.06bn |
| Shareholders' equity | £828.9m | £848.7m | £871.7m | £913.1m | £933.9m | £933.9m | £956.6m | £956.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -26.7% | 55.0% | -6.6% |
| Operating income | -33.5% | — | -9.4% |
| Net income | -33.5% | — | -9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 94.6% | 94.7% | 92.2% | 95.4% |
| Net margin | 79.0% | 91.9% | 89.4% | 92.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.7 | 31.5 | 4.5 | 14.5 | -1318.0 | -1321.5 | 19.6 | 15.2 | 20.9 | 14.1 |
| Price to sales | 24.9 | 27.5 | 4.2 | 13.9 | 334.1 | 335.0 | 18.8 | 14.7 | 20.1 | 13.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 6 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.07 | 0.07 | 0.105 | 0.053 | 0.07 | 0.035 | 0.076 | 0.095 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.