I 
1,933.00p
+1.74%
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.
Net income
£478.4m
FY2017FY2026
Total assets
£9.91bn
FY2017FY2026
Shareholders' equity
£2.70bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Research and development | — | — | £100,000 | £500,000 | £600,000 | £100,000 | £100,000 | — | — | — |
| Operating income | £627.8m | £530.5m | £598.7m | £253.5m | £619.0m | £505.6m | £112.8m | £182.3m | £217.6m | £277.4m |
| Net income | £478.4m | £451.2m | £473.4m | £280.6m | £526.8m | £457.1m | £108.9m | £180.1m | £251.0m | £217.8m |
| Diluted earnings per share | 1.64 | 1.55 | 1.62 | 0.95 | 1.82 | 1,297.84 | 0.37 | 0.63 | 0.89 | 0.77 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £9.91bn | £9.34bn | £9.12bn | £9.05bn | £8.87bn | £7.46bn | £7.02bn | £6.52bn | £6.31bn | £6.08bn |
| Cash and short-term investments | £1.46bn | £604.8m | £990.0m | £550.0m | £761.5m | £296.9m | £947.9m | £431.3m | £627.9m | £870.6m |
| Total liabilities | £7.21bn | £6.85bn | £6.82bn | £7.01bn | £6.87bn | £5.84bn | £5.71bn | £5.12bn | £4.99bn | £4.90bn |
| Debt | £6.56bn | £6.11bn | £6.13bn | £6.11bn | £6.02bn | £5.20bn | £1.93bn | £4.63bn | £4.33bn | £4.30bn |
| Shareholders' equity | £2.70bn | £2.49bn | £2.30bn | £2.02bn | £1.97bn | £1.62bn | £1.31bn | £1.38bn | £1.32bn | £1.17bn |
| Shares outstanding | 292m | 292m | 293m | 295m | 289m | 0m | 292m | 285m | 283m | 283m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | £397.0m | £372.9m | £338.6m | £208.1m | £280.9m | £129.3m | £317.8m | £125.6m |
| Net income | £181.1m | £297.3m | £298.7m | £152.5m | £248.4m | £123.4m | £225.0m | £110.3m |
| Diluted earnings per share | 0.62 | 1.02 | 1.02 | 0.52 | 0.85 | 0.42 | 0.76 | 0.37 |
| Total assets | £9.91bn | £9.95bn | £9.34bn | £9.07bn | £9.12bn | — | £8.87bn | — |
| Cash and short-term investments | £1.46bn | £1.25bn | £604.8m | £780.5m | £1.06bn | — | £719.4m | — |
| Debt | £543.2m | £95.6m | — | — | £259.3m | — | £255.2m | — |
| Shareholders' equity | £2.70bn | £2.61bn | £2.49bn | £2.28bn | £2.30bn | — | £2.11bn | — |
Financial ratios
Data as of 17 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 75.3% | 53.6% | 59.2% | 41.9% | 62.4% | 84.7% | — |
| Net margin | 57.4% | 45.6% | 48.2% | 46.8% | 53.2% | 68.0% | — |
| Return on equity | 17.7% | 18.1% | 20.6% | 13.9% | 26.7% | 28.3% | — |
| Return on assets | 4.8% | 4.8% | 5.2% | 3.1% | 5.9% | 6.1% | — |
| Revenue growth | -15.8% | 0.9% | 63.9% | -39.5% | 47.2% | 162.3% | — |
| Earnings growth | 6.0% | -4.7% | 68.7% | -46.7% | 15.2% | 319.7% | — |
| Current ratio | 3.52x | 1.94x | 300.00x | 1.72x | 2.61x | 1.33x | — |
| Debt to equity | 0.20x | — | 0.11x | 0.03x | 0.11x | 0.07x | 0.20x |
| Equity ratio | 27.2% | 26.7% | 25.2% | 22.3% | 22.2% | 21.7% | — |
| Interest coverage | 15.85x | 13.60x | 12.93x | 4.19x | 13.03x | 10.65x | — |
| R&D as a share of sales | — | — | 0.0% | 0.1% | 0.1% | 0.0% | 0.0% |
| Buybacks as a share of market value | -0.2% | 0.3% | 0.7% | -2.1% | -81879.0% | 99.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 11.7% | 4.4% | 9.1% |
| Operating income | 35.3% | 4.4% | 17.6% |
| Net income | 19.5% | 0.9% | 13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 63.5% | 59.0% | 61.9% | 60.7% |
| Net margin | 51.0% | 49.4% | 52.6% | 53.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.7 | 13.3 | 12.8 | 17.6 | 6.3 | 0.0 | 46.2 | 25.5 | 10.5 | 14.9 |
| Price to sales | 6.7 | 6.0 | 6.2 | 8.3 | 3.4 | 0.0 | 19.6 | 21.6 | 7.6 | 7.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 32 years. Last went ex-dividend on 11 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.593 | 0.844 | 0.795 | 0.78 | 0.826 | 0.577 | 0.528 | 0.50 |
- 9-to-8 reverse split · 1 Aug 2016
- 7-to-6 reverse split · 23 Jul 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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