H 
358.80p
+0.50%
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
£211.8m
FY2016FY2025
Net income
£232.1m
FY2016FY2025
Free cash flow
£69.7m
FY2016FY2025
Shareholders' equity
£2.09bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £211.8m | £116.7m | £127.8m | £131.4m | £127.7m | £219.9m | £131.4m | £282.1m | £248.9m | £546.4m |
| Research and development | — | — | £1 | £1 | £2 | £5 | £2 | £1 | £0 | £0 |
| Operating income | £86.2m | £13.1m | −£13.9m | £13.5m | £12.1m | −£1.64bn | £65.0m | −£156.7m | £585.4m | £435.5m |
| Net income | £232.1m | −£526.3m | −£51.4m | −£164.2m | −£429.1m | −£1.73bn | −£575.7m | −£268.1m | £388.4m | £317.3m |
| Diluted earnings per share | 0.45 | -1.07 | -0.10 | -0.33 | -0.91 | -3.21 | -37.62 | -0.14 | 0.20 | 0.16 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £3.93bn | £3.48bn | £4.33bn | £4.54bn | £4.91bn | £5.91bn | £7.32bn | £8.92bn | £9.88bn | £9.79bn |
| Cash and short-term investments | £349.9m | £737.9m | £472.3m | £218.8m | £315.1m | £409.5m | £28.2m | £31.2m | £205.9m | £74.3m |
| Total liabilities | £1.84bn | £1.66bn | £1.87bn | £1.95bn | £2.17bn | £2.70bn | £2.94bn | £3.49bn | £3.84bn | £3.93bn |
| Debt | £1.64bn | £1.52bn | £1.67bn | £1.69bn | £1.88bn | £2.31bn | £2.54bn | £3.06bn | £3.49bn | £3.53bn |
| Shareholders' equity | £2.09bn | £1.82bn | £2.46bn | £2.59bn | £2.75bn | £3.21bn | £4.38bn | £5.43bn | £6.02bn | £5.78bn |
| Shares outstanding | 516m | 490m | 497m | 494m | 474m | 541m | 15m | 1,927m | 1,948m | 1,935m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £103.3m | £4.5m | £38.3m | £69.6m | −£70.3m | −£82.4m | £167.1m | £114.5m | £139.3m | £181.3m |
| Capital spending | −£33.6m | −£154.5m | −£18.7m | −£36.4m | −£21.1m | −£18.7m | −£40.4m | −£72.3m | −£189.2m | −£554.9m |
| Free cash flow | £69.7m | −£150.0m | £19.6m | £33.2m | −£91.4m | −£101.1m | £126.7m | £42.2m | −£49.9m | −£373.6m |
| Dividends paid | −£75.0m | −£76.6m | −£29.9m | −£13.2m | −£24.9m | −£13.4m | −£198.9m | −£204.1m | −£191.7m | −£135.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £144.9m | £143.3m | £68.5m | £16.7m | £100.0m | £63.7m | £51.5m | £58.8m |
| Operating income | £75.1m | £42.0m | £44.2m | £11.2m | −£6.8m | £15.1m | −£8.4m | £17.5m |
| Net income | £55.8m | £192.8m | £39.4m | −£9.6m | −£516.7m | −£50.2m | −£1.2m | −£600,000 |
| Diluted earnings per share | 0.10 | 0.37 | 0.08 | -0.02 | -1.05 | -0.10 | -0.00 | — |
| Cash from operations | £46.0m | £47.0m | £56.0m | £26.0m | −£3.0m | £24.0m | £81.0m | — |
| Capital spending | −£35.0m | −£22.0m | −£11.0m | −£5.0m | −£8.0m | −£8.0m | −£10.0m | — |
| Free cash flow | £11.0m | £25.0m | £45.0m | £21.0m | −£11.0m | £16.0m | £71.0m | — |
| Total assets | £4.13bn | £3.93bn | £3.59bn | £3.48bn | £3.58bn | £4.33bn | £4.43bn | £4.43bn |
| Cash and short-term investments | £496.7m | £349.9m | £554.4m | £737.9m | £433.9m | £474.5m | £479.6m | £479.6m |
| Debt | £601.3m | £1.58bn | £1.50bn | £1.47bn | £1.50bn | £1.63bn | £1.63bn | £1.68bn |
| Shareholders' equity | £2.10bn | £2.09bn | £1.85bn | £1.82bn | £1.91bn | £2.46bn | £2.57bn | £2.57bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 141.0% | 22.6% | 5.2% | 10.3% | -8.1% | -746.2% | — | — |
| Net margin | 109.6% | -451.0% | -40.2% | -125.0% | -336.0% | -788.9% | — | — |
| Return on equity | 11.1% | -28.9% | -2.1% | -6.3% | -15.6% | -54.1% | — | — |
| Return on assets | 5.9% | -15.1% | -1.2% | -3.6% | -8.7% | -29.4% | — | — |
| Free cash flow yield | 0.1% | 0.1% | 0.0% | 0.1% | -0.0% | -0.0% | — | — |
| Revenue growth | 81.5% | -8.7% | -2.7% | 2.9% | -41.9% | 67.4% | — | — |
| Earnings growth | -144.1% | 923.9% | -68.7% | -61.7% | -75.3% | 201.4% | — | — |
| Current ratio | 4.26x | 1.84x | 2.30x | 1.89x | 3.04x | 1.71x | — | — |
| Debt to equity | 0.75x | 0.81x | 0.66x | 0.64x | 0.67x | 0.71x | — | — |
| Equity ratio | 53.3% | 52.4% | 56.9% | 57.0% | 55.9% | 54.3% | — | — |
| Interest coverage | 4.55x | 0.38x | 0.09x | 0.18x | -0.13x | -17.18x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -5.1% | 1.4% | -0.6% | -4.3% | 12.3% | -3432.0% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.2% | -0.7% | -8.5% |
| Operating income | 85.5% | — | -20.3% |
| Net income | — | — | -10.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 30.2% | 16.8% | -163.6% | 8.7% |
| Net margin | -89.6% | -86.7% | -285.9% | -78.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.3 | -2.6 | -27.5 | -7.2 | -3.6 | -0.8 | -0.4 | -108.1 | 125.3 | 159.6 |
| Price to sales | 8.0 | 11.8 | 11.1 | 8.9 | 12.2 | 6.1 | 1.6 | 102.8 | 195.5 | 92.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 3 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.182 | 0.16 | 0.154 | 0.072 | 0.04 | 0.04 | 0.02 | 68.083 |
- 10-to-1 reverse split · 30 Sept 2024
- 5-to-1 reverse split · 2 Sept 2020
- 1-to-1 reverse split · 9 Dec 2002
- 21-for-19 split · 6 Dec 1993
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.