J 
938.00p
+1.08%
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
£115.0m
FY2016FY2025
Net income
£110.7m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
£488.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £115.0m | £45.0m | £22.1m | −£34.5m | £83.5m | −£46.7m | £92.5m | −£56.2m | £61.3m | £35.9m |
| Gross profit | £113.0m | £43.1m | £33.2m | −£34.5m | £83.5m | −£46.7m | £92.5m | −£58.8m | £58.9m | £35.9m |
| Research and development | — | — | £1 | £1 | £2 | £3 | £5 | — | — | — |
| Operating income | £112.2m | £35.4m | £30.4m | −£33.7m | £86.2m | −£47.4m | £97.1m | −£108.7m | £63.1m | £41.1m |
| Net income | £110.7m | £33.4m | £28.2m | −£35.2m | £82.8m | −£47.4m | £91.9m | −£57.0m | £60.5m | £38.5m |
| Diluted earnings per share | 2.03 | 0.60 | 0.48 | -0.59 | 1.40 | -0.81 | 1.63 | -1.02 | 1.11 | 0.70 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £519.0m | £450.3m | £449.0m | £456.2m | £566.4m | £473.2m | £508.8m | £402.7m | £494.2m | £440.9m |
| Cash and short-term investments | £11.5m | £8.5m | £8.3m | £9.6m | £6.9m | £25.3m | £19.4m | £20.4m | £16.5m | £11.8m |
| Total liabilities | £30.6m | £40.6m | £41.2m | £40.4m | £101.4m | £80.4m | £60.7m | £30.6m | £65.7m | £58.6m |
| Debt | £30.0m | £40.0m | £40.0m | £40.0m | £100.0m | £80.0m | £60.0m | £29.9m | £64.9m | £29.9m |
| Shareholders' equity | £488.4m | £409.7m | £407.8m | £415.8m | £465.0m | £392.9m | £448.1m | £372.0m | £428.5m | £382.3m |
| Shares outstanding | 55m | 56m | 59m | 60m | 59m | 59m | 56m | 56m | 55m | 55m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £15.7m | £17.5m | £17.9m | £18.4m | £14.9m | £11.1m | £14.1m | £13.4m | £12.9m | £9.4m |
| Capital spending | −£15.7m | — | — | — | — | — | — | — | — | — |
| Free cash flow | — | £17.5m | £17.9m | £18.4m | £14.9m | £11.1m | £14.1m | £13.4m | £12.9m | £9.4m |
| Dividends paid | −£19.8m | −£20.1m | −£20.5m | −£19.2m | −£18.2m | −£17.2m | −£16.0m | −£15.1m | −£13.4m | −£11.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £34.3m | £57.8m | £57.2m | £886,000 | £37.2m | £18.6m | £27.2m | £13.6m |
| Gross profit | £33.2m | £56.7m | £57.2m | −£62,000 | £37.2m | £18.6m | £26.4m | £13.6m |
| Operating income | £32.8m | £56.4m | £55.9m | −£459,000 | £35.9m | £18.0m | £25.9m | £13.0m |
| Net income | £31.9m | £55.7m | £55.0m | −£1.5m | £34.9m | £17.4m | £24.8m | £12.4m |
| Diluted earnings per share | 0.59 | 1.02 | 1.01 | -0.03 | 0.62 | 0.31 | 0.42 | 0.21 |
| Cash from operations | £9.0m | £6.0m | £8.0m | £7.0m | £7.0m | £4.0m | £7.0m | £4.0m |
| Capital spending | — | −£6.0m | — | −£7.0m | — | — | — | — |
| Free cash flow | — | £0 | — | £0 | — | — | — | — |
| Total assets | £541.4m | £519.0m | £488.1m | £450.3m | £477.8m | £477.8m | £449.0m | £449.0m |
| Cash and short-term investments | £35.1m | £11.5m | £9.8m | £8.5m | £12.6m | £12.6m | £8.3m | £8.3m |
| Debt | — | — | £10.5m | £10.0m | £20.6m | £20.6m | £10.0m | £10.0m |
| Shareholders' equity | £508.3m | £488.4m | £447.6m | £409.7m | £427.2m | £427.2m | £407.8m | £407.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | — | 87.2% |
| Operating income | — | — | 85.1% |
| Net income | — | — | 87.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 97.6% | 104.9% | 103.9% | 100.7% |
| Operating margin | 92.3% | 97.8% | 99.3% | 86.8% |
| Net margin | 90.1% | 92.9% | 93.5% | 96.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.3 | 11.8 | 14.3 | -11.9 | 5.5 | -8.0 | 4.8 | -6.5 | 6.6 | 8.8 |
| Price to sales | 4.1 | 8.8 | 18.3 | -12.2 | 5.5 | -8.2 | 4.7 | -6.6 | 6.5 | 9.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 23 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.28 | 0.358 | 0.353 | 0.345 | 0.32 | 0.31 | 0.297 | 0.283 |
- 2-for-1 split · 29 Mar 1993
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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