H 
137.40p
+1.03%
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.
Net income
£266.6m
FY2017FY2026
Free cash flow
£162.0m
FY2017FY2026
Shareholders' equity
£3.03bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | £171.9m | £49.9m | £35.1m | £202.3m | £371.8m | £154.8m | £51.6m | £290.3m | £124.1m | £178.4m |
| Operating income | £266.6m | £45.9m | £30.5m | £198.4m | £368.7m | £151.9m | £49.5m | £285.4m | £121.8m | £176.8m |
| Net income | £266.6m | £45.9m | £30.5m | £198.4m | £368.7m | £151.9m | £49.5m | £285.4m | £121.8m | £176.8m |
| Diluted earnings per share | 0.14 | 0.02 | 0.02 | 0.10 | 0.18 | 0.08 | 0.03 | 0.16 | 0.07 | 0.10 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £3.04bn | £3.03bn | £3.21bn | £3.35bn | £3.16bn | £2.95bn | £2.84bn | £4.82bn | £2.68bn | £2.42bn |
| Cash and short-term investments | £900,000 | £700,000 | £1.1m | £1.0m | £1.2m | £400,000 | £600,000 | £4.82bn | £700,000 | £900,000 |
| Total liabilities | £4.7m | £1.8m | £900,000 | £1.1m | £800,000 | £700,000 | £600,000 | £2.00bn | £800,000 | £1.0m |
| Shareholders' equity | £3.03bn | £3.03bn | £3.21bn | £3.35bn | £3.16bn | £2.95bn | £2.84bn | £2.82bn | £2.68bn | £2.42bn |
| Shares outstanding | 1,959m | 1,959m | 2,025m | 2,032m | 2,031m | 1,937m | 1,937m | 1,836m | 1,790m | 1,789m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £162.0m | £126.9m | £167.7m | £165.2m | £160.6m | £157.9m | £146.8m | £145.2m | £130.6m | £107.0m |
| Free cash flow | £162.0m | £126.9m | £167.7m | £165.2m | £160.6m | £157.9m | £146.8m | £145.2m | £130.6m | £107.0m |
| Dividends paid | −£160.9m | −£166.1m | −£167.6m | −£165.5m | −£159.8m | −£158.3m | −£148.4m | −£140.6m | −£129.9m | −£100.6m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | £155.1m | £145.8m | £128.2m | £47.2m | £59.9m | £29.9m | −£24.7m | −£12.3m |
| Operating income | £147.1m | — | £900,000 | £45.0m | £58.1m | £29.0m | −£27.6m | −£13.8m |
| Net income | £147.1m | £119.5m | £900,000 | £45.0m | £58.1m | £29.1m | −£27.6m | −£13.8m |
| Diluted earnings per share | 0.08 | 0.06 | 0.00 | 0.02 | 0.03 | 0.01 | -0.01 | -0.01 |
| Cash from operations | £79.0m | £82.0m | £24.0m | £102.0m | £83.0m | £41.0m | £83.0m | £41.0m |
| Total assets | £3.04bn | £3.01bn | £3.03bn | £3.16bn | £3.21bn | £3.21bn | £3.24bn | £3.24bn |
| Cash and short-term investments | £900,000 | £4.5m | £700,000 | £2.3m | £1.1m | £1.1m | £900,000 | £900,000 |
| Shareholders' equity | £3.03bn | £3.01bn | £3.03bn | £3.16bn | £3.21bn | £3.21bn | £3.24bn | £3.24bn |
Financial ratios
Data as of 29 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 99.9% | 100.0% | 99.7% | 100.0% | 100.0% | 100.1% | — | — | — | — | — | — | — | — | — |
| Operating margin | 155.0% | 184.0% | 86.6% | 196.2% | 99.2% | 98.2% | — | — | — | — | — | — | — | — | — |
| Net margin | 155.0% | 92.0% | 86.6% | 98.1% | 99.2% | 98.2% | — | — | — | — | — | — | — | — | — |
| Return on equity | 8.8% | 1.5% | 0.9% | 5.9% | 11.7% | 5.1% | — | — | — | — | — | — | — | — | — |
| Return on assets | 8.8% | 1.5% | 0.9% | 5.9% | 11.7% | 5.1% | — | — | — | — | — | — | — | — | — |
| Revenue growth | 244.7% | 41.8% | -82.6% | -45.6% | 140.3% | 200.4% | — | — | — | — | — | — | — | — | — |
| Earnings growth | 480.8% | 50.5% | -84.6% | -46.2% | 142.7% | 206.9% | — | — | — | — | — | — | — | — | — |
| Current ratio | 0.26x | 0.56x | 1.56x | 1.27x | 1.75x | 0.86x | — | — | — | — | — | — | — | — | — |
| Debt to equity | — | — | — | — | — | — | — | — | — | 1.45x | 1.38x | 0.94x | 1.30x | 1.58x | 0.88x |
| Equity ratio | 99.8% | 99.9% | 100.0% | 100.0% | 100.0% | 100.0% | — | — | — | — | — | — | — | — | — |
| Interest coverage | — | — | — | — | — | — | 3185.00x | 931.40x | 334.00x | 767.50x | 2.70x | 0.66x | — | — | — |
| Buybacks as a share of market value | 0.0% | 3.3% | 0.3% | -0.0% | -4.9% | 0.0% | — | — | — | — | — | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | 2.1% | -0.6% |
| Operating income | 10.4% | 11.9% | 5.4% |
| Net income | 10.4% | 11.9% | 5.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating margin | 140.8% | 117.9% | 107.7% | 102.3% |
| Net margin | 140.8% | 117.9% | 107.7% | 102.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.0 | 49.7 | 78.9 | 14.2 | 9.1 | 22.5 | 68.1 | 11.0 | 23.2 | 16.0 |
| Price to sales | 15.5 | 45.7 | 68.4 | 13.9 | 9.0 | 22.1 | 65.4 | 10.8 | 22.8 | 15.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 20 years. Last went ex-dividend on 27 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.042 | 0.083 | 0.082 | 0.083 | 0.082 | 0.082 | 0.065 | 0.082 |
- 1-to-1 reverse split · 1 Apr 2019
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.