G 
2,410.00p
+0.75%
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
£658.1m
FY2017FY2026
Net income
£285.3m
FY2017FY2026
Free cash flow
£78.0m
FY2017FY2026
Shareholders' equity
£766.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £658.1m | £672.8m | £668.8m | £689.7m | £593.4m | £574.3m | £551.4m | £488.5m | £470.3m | £459.1m |
| Research and development | — | £15.6m | £37.3m | £93.3m | £72.9m | £68.1m | £71.4m | £60.9m | £51.4m | £45.4m |
| Operating income | £87.3m | £42.4m | £6.4m | £40.5m | £56.6m | £61.5m | £31.1m | £39.2m | £12.8m | £37.7m |
| Net income | £285.3m | £19.3m | £7.9m | £33.3m | £40.9m | £47.3m | £35.3m | £7.8m | £42.7m | £32.8m |
| Diluted earnings per share | 4.25 | 0.29 | 0.12 | 0.50 | 0.62 | 0.72 | 0.54 | 0.12 | 0.69 | 0.53 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.02bn | £899.0m | £1.03bn | £1.01bn | £1.02bn | £851.0m | £855.4m | £803.6m | £789.2m | £797.6m |
| Cash and short-term investments | £43.7m | £48.0m | £42.5m | £36.3m | £38.8m | £46.0m | £41.3m | £30.5m | £31.6m | £26.5m |
| Total liabilities | £251.6m | £423.0m | £485.0m | £440.3m | £445.8m | £354.4m | £360.9m | £316.5m | £370.1m | £395.5m |
| Debt | £107.5m | £265.9m | £291.2m | £232.1m | £223.8m | £151.6m | £143.9m | £110.1m | £137.6m | £138.1m |
| Shareholders' equity | £766.7m | £475.6m | £548.2m | £569.4m | £578.5m | £498.1m | £495.5m | £488.4m | £416.6m | £399.3m |
| Shares outstanding | 67m | 67m | 66m | 66m | 66m | 66m | 66m | 65m | 62m | 62m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £90.5m | £67.2m | £29.8m | £50.4m | £34.3m | £67.5m | £65.8m | £33.4m | £43.2m | £34.6m |
| Capital spending | −£12.5m | −£18.6m | −£24.7m | −£35.2m | −£50.9m | −£33.8m | −£35.4m | −£17.1m | −£17.8m | −£13.4m |
| Free cash flow | £78.0m | £48.6m | £5.1m | £15.2m | −£16.6m | £33.7m | £30.4m | £16.3m | £25.4m | £21.2m |
| Dividends paid | −£21.7m | −£21.1m | −£21.0m | −£21.0m | −£20.9m | −£19.5m | −£18.3m | −£16.8m | −£14.9m | −£13.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £322.5m | £335.6m | £336.4m | £336.4m | £335.2m | £333.6m | £339.5m | £350.2m |
| Operating income | £51.5m | £35.8m | £29.9m | £12.5m | −£14.9m | £21.3m | £25.8m | £14.7m |
| Net income | £255.5m | £29.8m | £17.7m | £1.6m | −£5.6m | £13.5m | £19.9m | £13.4m |
| Diluted earnings per share | 3.81 | 0.44 | 0.26 | 0.02 | -0.08 | 0.20 | 0.30 | 0.20 |
| Cash from operations | £67.0m | £22.0m | £47.0m | £25.0m | £24.0m | £10.0m | £41.0m | £8.0m |
| Capital spending | −£7.0m | −£5.0m | −£8.0m | −£5.0m | −£5.0m | −£14.0m | −£20.0m | −£12.0m |
| Free cash flow | £60.0m | £17.0m | £39.0m | £20.0m | £19.0m | −£4.0m | £21.0m | −£4.0m |
| Total assets | £1.02bn | £921.3m | £899.0m | £985.9m | £1.03bn | £1.05bn | £1.01bn | £1.02bn |
| Cash and short-term investments | £43.7m | £43.4m | £48.0m | £47.4m | £42.5m | £42.0m | £36.3m | £42.3m |
| Debt | £14.1m | £243.7m | £232.1m | £274.4m | £247.1m | £244.7m | £210.2m | £232.1m |
| Shareholders' equity | £766.7m | £504.0m | £475.6m | £516.6m | £548.2m | £569.3m | £569.4m | £572.4m |
Financial ratios
Data as of 30 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 13.3% | 7.3% | 4.0% | 6.4% | 9.5% | 10.5% |
| Net margin | 43.4% | 2.9% | 1.2% | 4.8% | 6.9% | 8.2% |
| Return on equity | 37.2% | 4.1% | 1.4% | 5.8% | 7.1% | 9.5% |
| Return on assets | 28.0% | 2.1% | 0.8% | 3.3% | 4.0% | 5.6% |
| Free cash flow yield | 0.1% | 0.1% | 0.0% | 0.1% | 0.1% | 0.1% |
| Revenue growth | -2.2% | 0.6% | -3.0% | 16.2% | 3.3% | 4.2% |
| Earnings growth | 1378.2% | 144.3% | -76.3% | -18.6% | -13.5% | 34.0% |
| Current ratio | 2.22x | 1.94x | 1.80x | 1.76x | 1.70x | 1.63x |
| Debt to equity | 0.12x | 0.49x | 0.45x | 0.37x | 0.36x | 0.27x |
| Equity ratio | 75.3% | 52.9% | 53.3% | 56.5% | 56.8% | 58.5% |
| Interest coverage | 5.36x | 2.39x | 1.24x | 2.94x | 9.13x | 13.40x |
| R&D as a share of sales | 2.9% | 2.3% | 5.6% | 13.5% | 12.3% | 11.9% |
| Buybacks as a share of market value | -0.2% | -0.8% | -0.4% | -0.4% | -0.2% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.6% | 2.8% | 5.4% |
| Operating income | 29.2% | 7.3% | 8.9% |
| Net income | 104.6% | 43.2% | 19.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.7% | 6.6% | 7.6% | 7.3% |
| Net margin | 22.9% | 12.9% | 11.3% | 9.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.6 | 90.6 | 130.2 | 43.2 | 48.3 | 68.6 | 78.2 | 266.6 | 31.0 | 47.7 |
| Price to sales | 2.4 | 2.6 | 1.5 | 2.1 | 3.3 | 5.7 | 5.0 | 4.3 | 2.8 | 3.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 5 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.329 | 0.32 | 0.32 | 0.32 | 0.32 | 0.30 | 0.282 | 0.268 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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