I 
633.00p
+3.01%
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, before interest expense
£5.05bn
FY2016FY2025
Net income
£622.9m
FY2016FY2025
Total assets
£58.25bn
FY2016FY2025
Shareholders' equity
£5.66bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £5.05bn | £4.92bn | £4.20bn | £3.13bn | £2.91bn | £3.77bn | £3.81bn | £4.36bn | £4.00bn | £3.20bn |
| Operating income | — | — | £973.8m | £645.6m | — | — | — | — | — | — |
| Net income | £622.9m | £892.0m | £764.4m | £476.7m | £234.5m | £1.09bn | £489.6m | £472.6m | £457.2m | £335.3m |
| Diluted earnings per share | 0.70 | 1.00 | 0.82 | 0.50 | 0.25 | 1.14 | 0.50 | 0.50 | 0.49 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £58.25bn | £56.63bn | £57.30bn | £58.89bn | £51.45bn | £50.56bn | £57.72bn | £57.62bn | £53.53bn | £45.35bn |
| Cash and short-term investments | — | — | £14.94bn | £15.40bn | — | — | — | — | — | — |
| Total liabilities | £52.60bn | £51.15bn | £52.41bn | £53.68bn | £46.71bn | £46.23bn | £53.10bn | £52.87bn | £49.37bn | £41.97bn |
| Debt | £4.22bn | £3.91bn | £3.99bn | £4.81bn | £4.93bn | £5.32bn | £5.92bn | £4.99bn | £4.57bn | £4.49bn |
| Shareholders' equity | £5.66bn | £5.47bn | £4.88bn | £5.20bn | £4.74bn | £4.33bn | £4.62bn | £4.75bn | £4.16bn | £3.39bn |
| Shares outstanding | 886m | 884m | 927m | 949m | 940m | 953m | 962m | 949m | 937m | 913m |
Latest quarters
By quarter end
| Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Sept 2019 | Jun 2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £2.37bn | £2.48bn | £2.58bn | £2.39bn | £2.51bn | — | £609.5m | £609.5m |
| Operating income | — | — | — | — | £199.6m | £199.6m | £192.4m | £192.4m |
| Net income | £323.7m | £309.9m | £313.0m | £298.7m | £593.2m | £157.6m | £128.1m | £128.1m |
| Diluted earnings per share | 0.37 | 0.35 | 0.35 | 0.35 | 0.66 | 0.17 | 0.14 | 0.14 |
| Total assets | £30.24bn | £58.28bn | £58.11bn | £56.89bn | £57.25bn | £57.25bn | £59.73bn | £59.73bn |
| Cash and short-term investments | £3.60bn | £7.52bn | — | — | — | £13.06bn | — | — |
| Debt | — | — | — | — | — | £6.13bn | £4.73bn | £4.73bn |
| Shareholders' equity | £3.62bn | £5.66bn | £5.67bn | £5.47bn | £5.24bn | £5.24bn | £4.72bn | £4.72bn |
Financial ratios
Data as of 15 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 17.2% | 16.2% | 16.4% | 21.6% | 21.0% | 10.8% |
| Net margin | 15.3% | 14.2% | 19.5% | 20.1% | 17.5% | 10.0% |
| Return on equity | 13.2% | 12.3% | 17.2% | 16.5% | 9.9% | 5.6% |
| Return on assets | 1.1% | 1.2% | 1.7% | 1.4% | 0.9% | 0.5% |
| Revenue growth | -3.0% | 1.1% | 20.6% | 35.6% | 10.2% | -23.2% |
| Earnings growth | 4.5% | -26.3% | 16.9% | 55.9% | 92.4% | -76.4% |
| Current ratio | 3.17x | 0.14x | 0.43x | 0.19x | 2.38x | 1.12x |
| Debt to equity | 0.32x | 0.28x | 0.23x | 0.28x | 0.33x | 0.96x |
| Equity ratio | 8.6% | 9.7% | 9.7% | 8.4% | 8.8% | 9.2% |
| Interest coverage | 0.32x | 0.28x | 0.28x | 0.45x | 0.61x | 0.25x |
| Buybacks as a share of market value | -5.0% | 3.8% | -0.3% | 3.6% | 3.9% | -1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.8% | 3.1% | 0.6% |
| Net income | 9.3% | -10.6% | 11.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Net margin | 15.2% | 15.9% | 17.0% | 14.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.9 | 5.4 | 6.5 | 10.2 | 15.1 | 1.6 | 6.8 | 6.9 | 11.0 | 14.6 |
| Price to sales | 2.2 | 2.3 | 2.3 | 2.3 | 2.0 | 0.9 | 1.7 | 1.2 | 2.0 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 24 years. Last went ex-dividend on 20 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.375 | 0.355 | 0.33 | 0.275 | 0.185 | 0.055 | 0.245 | 0.245 |
- 5-for-1 split · 4 Sept 2006
- 1-to-1 reverse split · 5 Dec 2005
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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