G 
700.00p
+1.74%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£1.93bn
FY2017FY2026
Net income
£41.2m
FY2017FY2026
Free cash flow
£80.8m
FY2017FY2026
Shareholders' equity
£135.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.93bn | £1.88bn | £1.77bn | £1.39bn | £1.24bn | £1.12bn | £1.09bn | £1.40bn | £2.93bn | £2.66bn |
| Gross profit | £174.2m | £151.5m | £131.4m | £97.9m | £83.0m | £73.0m | £1.6m | £51.7m | £330.2m | £255.1m |
| Operating income | £48.6m | £39.7m | £24.7m | £15.3m | £16.0m | £9.5m | −£64.3m | −£58.6m | £175.6m | £82.5m |
| Net income | £41.2m | £33.6m | £36.2m | £9.1m | £6.3m | £7.7m | −£7.8m | −£49.5m | £118.3m | £48.7m |
| Diluted earnings per share | 0.40 | 0.33 | 0.35 | 0.09 | 0.05 | 0.07 | -0.07 | -0.45 | 1.07 | 0.59 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £856.6m | £833.6m | £820.8m | £713.8m | £657.0m | £633.0m | £625.6m | £2.69bn | £2.90bn | £3.04bn |
| Cash and short-term investments | £259.0m | £237.6m | £227.0m | £220.2m | £218.9m | £216.2m | £197.2m | £591.2m | £912.4m | £1.15bn |
| Total liabilities | £721.4m | £711.5m | £698.4m | £595.2m | £524.9m | £498.9m | £505.1m | £2.01bn | £2.12bn | £2.47bn |
| Debt | £47.8m | £53.8m | £53.0m | £39.1m | £24.8m | £19.2m | £22.3m | £647.8m | £814.2m | £1.14bn |
| Shareholders' equity | £135.2m | £122.1m | £122.4m | £118.6m | £132.1m | £134.1m | £120.5m | £679.3m | £776.5m | £575.5m |
| Shares outstanding | 103m | 103m | 105m | 105m | 115m | 110m | 113m | 111m | 111m | 83m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £82.0m | £65.7m | £56.2m | £35.5m | £22.8m | £63.6m | −£152.1m | −£59.6m | £83.6m | £98.2m |
| Capital spending | −£1.2m | −£2.4m | −£1.0m | −£2.2m | −£5.0m | −£2.1m | −£1.4m | −£2.7m | −£4.6m | −£5.1m |
| Free cash flow | £80.8m | £63.3m | £55.2m | £33.3m | £17.8m | £61.5m | −£153.5m | −£62.3m | £79.0m | £93.1m |
| Dividends paid | −£20.3m | −£17.5m | −£24.2m | −£9.6m | −£6.3m | −£1.3m | −£38.9m | −£79.9m | −£75.9m | −£72.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £996.2m | £934.9m | £952.0m | £923.2m | £953.7m | £819.1m | £714.5m | £357.3m |
| Gross profit | £93.7m | £80.5m | £80.4m | £71.1m | £70.7m | £60.7m | £56.2m | £28.1m |
| Operating income | £27.4m | £21.2m | £22.5m | £17.2m | £14.4m | £12.9m | £9.6m | £6.6m |
| Net income | £23.0m | £18.2m | £18.2m | £15.4m | £24.9m | £11.3m | £3.2m | £1.6m |
| Diluted earnings per share | 0.22 | 0.18 | 0.18 | 0.15 | 0.24 | 0.11 | 0.03 | 0.02 |
| Cash from operations | £74.0m | £7.0m | £55.0m | £10.0m | £30.0m | £26.0m | £20.0m | £20.0m |
| Capital spending | — | — | −£1.0m | — | — | — | — | — |
| Free cash flow | — | — | £54.0m | — | — | — | — | — |
| Total assets | £856.6m | £778.5m | £833.6m | £751.6m | £820.8m | £741.3m | £713.8m | £712.7m |
| Cash and short-term investments | £259.0m | £211.7m | £237.6m | £210.0m | £227.0m | £209.2m | £220.2m | £220.2m |
| Debt | £22.5m | £22.5m | £22.7m | £22.0m | £20.5m | £16.4m | £14.9m | — |
| Shareholders' equity | £135.2m | £118.7m | £122.1m | £121.8m | £122.4m | £102.3m | £118.6m | £118.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.5% | 11.4% | -2.5% |
| Operating income | 47.0% | 38.6% | -9.3% |
| Net income | 65.4% | 39.9% | -9.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.6% | 8.0% | 7.6% | 8.1% |
| Operating margin | 2.3% | 1.8% | 1.6% | 2.1% |
| Net margin | 2.0% | 1.7% | 1.4% | 1.8% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.2 | 16.0 | 11.2 | 25.9 | 29.1 | 25.6 | -17.9 | -2.0 | 0.6 | 2.1 |
| Price to sales | 0.4 | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 | 0.1 | 0.1 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 5 Nov 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.17 | 0.20 | 0.17 | 0.115 | 0.208 | 0.057 | 0.012 | 0.35 |
- 10-to-1 reverse split · 7 Oct 2009
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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