I 
211.40p
+1.05%
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 USD, from our data supplier.
Revenue
$3.76bn
FY2015FY2024
Net income
$18.0m
FY2015FY2024
Free cash flow
$104.0m
FY2015FY2024
Shareholders' equity
−$257.0m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.76bn | $3.76bn | $3.43bn | $2.94bn | $2.43bn | $2.65bn | $2.40bn | $2.35bn | $2.23bn | $1.93bn |
| Gross profit | $948.0m | $885.0m | $628.0m | $412.1m | $354.7m | $566.4m | $374.5m | $401.6m | $448.8m | $428.4m |
| Research and development | — | — | — | — | — | — | — | — | $2.9m | $10.3m |
| Operating income | $169.0m | $78.0m | −$116.7m | $22.7m | $43.6m | $285.2m | $126.3m | $164.0m | $187.0m | $144.5m |
| Net income | $18.0m | −$207.0m | −$188.0m | −$270.6m | −$646.8m | $450.6m | $105.7m | $114.0m | $138.8m | $119.9m |
| Diluted earnings per share | 0.02 | -0.21 | -0.19 | -0.26 | -0.68 | 0.49 | 0.11 | 0.12 | 0.15 | 0.13 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $9.11bn | $9.98bn | $12.25bn | $11.11bn | $8.96bn | $8.95bn | $3.42bn | $2.86bn | $2.66bn | $2.33bn |
| Cash and short-term investments | $137.0m | $130.0m | $284.0m | $102.8m | $71.0m | $66.6m | $69.0m | $55.0m | $50.1m | $63.9m |
| Total liabilities | $9.37bn | $10.29bn | $11.91bn | $10.72bn | $8.45bn | $8.07bn | $2.67bn | $2.13bn | $1.92bn | $1.74bn |
| Debt | $845.0m | $938.0m | $9.22bn | $8.71bn | $6.98bn | $6.91bn | $529.8m | $351.4m | $201.4m | $254.5m |
| Shareholders' equity | −$257.0m | −$304.0m | $346.7m | $389.6m | $513.8m | $880.5m | $751.2m | $727.7m | $742.0m | $583.7m |
| Shares outstanding | 1,019m | 1,007m | 1,007m | 1,007m | 952m | 909m | 914m | 926m | 944m | 954m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $272.0m | $399.0m | $1.53bn | $970.8m | $968.9m | $904.4m | $510.7m | $391.2m | $432.9m | $338.3m |
| Capital spending | −$168.0m | −$233.0m | −$374.7m | −$335.8m | −$273.9m | −$369.2m | −$586.5m | −$348.5m | −$319.3m | −$320.2m |
| Free cash flow | $104.0m | $166.0m | $1.15bn | $635.0m | $695.0m | $535.2m | −$75.8m | $42.7m | $113.6m | $18.1m |
| Dividends paid | −$17.0m | — | — | — | — | −$58.2m | −$53.7m | −$48.5m | −$43.3m | −$38.8m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85bn | $1.89bn | $1.87bn | $1.85bn | $1.84bn | $742.0m | $1.46bn | $732.0m |
| Gross profit | $481.0m | $477.0m | $471.0m | $485.0m | $350.0m | $163.5m | $345.0m | $185.8m |
| Operating income | $80.0m | $91.0m | $78.0m | $184.0m | $93.0m | −$29.5m | $151.0m | $11.8m |
| Net income | $11.0m | $9.0m | $9.0m | −$194.0m | −$75.0m | −$30.5m | −$34.0m | −$19.9m |
| Diluted earnings per share | 0.01 | 0.01 | 0.01 | -0.19 | -0.07 | -0.03 | -0.03 | -0.02 |
| Total assets | $10.00bn | $9.63bn | $10.06bn | $10.46bn | $11.59bn | $8.77bn | $9.19bn | $9.08bn |
| Cash and short-term investments | $446.0m | $176.0m | $190.0m | $184.0m | $224.6m | $124.0m | $213.0m | $161.0m |
| Debt | $1.09bn | $5.66bn | $6.22bn | $6.58bn | $7.11bn | $5.38bn | $5.63bn | $5.63bn |
| Shareholders' equity | −$215.0m | $93.0m | $58.0m | $44.0m | $240.5m | $233.0m | $260.0m | $235.0m |
Financial ratios
Data as of 25 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 17.9% | 29.9% | 15.7% | 10.7% | 12.3% | 12.3% | — | — | — | — |
| Operating margin | 2.9% | 13.3% | 5.3% | -3.5% | -1.4% | 1.4% | — | — | — | — |
| Net margin | 0.5% | 0.5% | -7.1% | -2.5% | -9.2% | -26.6% | — | — | — | — |
| Return on equity | -6.0% | 26.9% | 90.2% | -37.7% | -69.5% | -125.9% | — | — | — | — |
| Return on assets | 0.2% | 0.3% | -2.6% | -0.8% | -2.4% | -7.2% | — | — | — | — |
| Free cash flow yield | 0.3% | 0.8% | 0.3% | 0.8% | 0.5% | 0.7% | — | — | — | — |
| Revenue growth | -16.8% | 52.5% | 10.1% | 23.5% | -8.4% | -8.3% | — | — | — | — |
| Earnings growth | -26.6% | -111.6% | 211.6% | -66.3% | -68.3% | -243.5% | — | — | — | — |
| Current ratio | 0.38x | 0.38x | 0.39x | 0.38x | 0.37x | 0.45x | — | — | — | — |
| Debt to equity | -7.82x | 21.12x | -6.89x | 10.25x | 4.77x | 2.81x | — | — | — | — |
| Equity ratio | -2.8% | 1.0% | -2.9% | 2.0% | 3.5% | 5.7% | — | — | — | — |
| Interest coverage | 1.02x | 7.57x | 0.46x | -2.15x | -0.15x | 0.13x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.1% | 0.5% | 0.5% | 0.5% |
| Buybacks as a share of market value | 1.8% | -0.5% | -0.0% | 0.1% | -0.1% | -10.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 7.2% | 8.4% |
| Operating income | 95.2% | -9.9% | 5.0% |
| Net income | — | -47.5% | -12.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.4% | 20.7% | 20.0% | 19.7% |
| Operating margin | 3.3% | 1.1% | 2.5% | 4.1% |
| Net margin | -2.5% | -4.7% | -4.4% | -1.0% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 119.8 | -12.2 | -12.0 | -14.5 | -6.7 | 11.7 | 24.0 | 27.8 | 22.2 | 35.3 |
| Price to sales | 0.6 | 0.7 | 0.7 | 1.3 | 1.8 | 2.0 | 1.1 | 1.4 | 1.4 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 30 Apr 2026.
| FY2025 | FY2024 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.013 | 0.065 | 0.059 | 0.053 | 0.046 | 0.042 | 0.038 |
- 1-to-1 reverse split · 19 Dec 2016
- 1-to-1 reverse split · 14 Oct 2008
- 1-to-1 reverse split · 1 Dec 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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