J 
135.00p
-1.32%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£259.9m
FY2017FY2026
Net income
£35.4m
FY2017FY2026
Free cash flow
£48.3m
FY2017FY2026
Shareholders' equity
£183.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £259.9m | £262.0m | £274.9m | £303.6m | £291.9m | £266.4m | £238.6m | £253.0m | £249.5m | £240.8m |
| Gross profit | £115.8m | £116.6m | £121.1m | £115.5m | £113.5m | £111.6m | £100.4m | £108.8m | £104.5m | £104.8m |
| Research and development | — | £1.8m | £1.5m | £1.5m | £1.5m | £1.5m | £1.5m | £1.6m | £3.1m | £2.4m |
| Operating income | £46.4m | £52.8m | £53.9m | £51.5m | £52.3m | £51.7m | £44.1m | £48.0m | £46.6m | £46.5m |
| Net income | £35.4m | £40.6m | £41.5m | £42.4m | £40.3m | £39.9m | £34.4m | £37.8m | £36.7m | £36.5m |
| Diluted earnings per share | 0.08 | 0.10 | 0.10 | 0.10 | 0.10 | 0.10 | 0.08 | 0.09 | 0.09 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £244.3m | £240.3m | £247.0m | £245.5m | £269.7m | £234.5m | £216.4m | £215.7m | £197.0m | £200.5m |
| Cash and short-term investments | £75.7m | £68.4m | £74.3m | £63.2m | £52.1m | £83.3m | £67.4m | £68.7m | £50.7m | £52.5m |
| Total liabilities | £60.8m | £58.3m | £65.7m | £71.3m | £96.4m | £78.0m | £78.9m | £82.7m | £68.2m | £86.5m |
| Debt | £9.2m | £4.9m | £6.6m | £7.5m | £5.9m | £6.4m | £6.1m | £200,000 | £200,000 | £200,000 |
| Shareholders' equity | £183.5m | £182.0m | £181.3m | £174.2m | £173.3m | £156.5m | £137.5m | £133.1m | £128.8m | £114.1m |
| Shares outstanding | 417m | 417m | 417m | 417m | 417m | 417m | 417m | 417m | 416m | 416m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £51.2m | £35.7m | £49.3m | £49.3m | £6.5m | £55.9m | £30.8m | £49.9m | £28.6m | £36.9m |
| Capital spending | −£2.9m | −£3.9m | −£3.3m | −£2.9m | −£3.2m | −£2.8m | −£4.2m | −£4.3m | −£3.6m | −£4.2m |
| Free cash flow | £48.3m | £31.8m | £46.0m | £46.4m | £3.3m | £53.1m | £26.6m | £45.7m | £25.1m | £32.7m |
| Dividends paid | −£37.1m | −£36.5m | −£34.4m | −£32.3m | −£32.3m | −£34.1m | −£25.2m | −£28.4m | −£27.2m | −£25.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £132.7m | £127.2m | £131.9m | £130.1m | £138.4m | £136.5m | £153.9m | £77.0m |
| Gross profit | −£11.4m | £127.2m | −£13.5m | £130.1m | −£15.3m | £136.5m | −£34.2m | −£17.1m |
| Operating income | £22.8m | £23.6m | £25.8m | £27.1m | £27.7m | £26.2m | £28.5m | £14.4m |
| Net income | £17.3m | £18.2m | £19.6m | £21.0m | £21.4m | £20.1m | £24.4m | £12.2m |
| Diluted earnings per share | 0.04 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.03 |
| Cash from operations | £19.0m | £31.0m | £18.0m | £18.0m | £25.0m | £25.0m | £15.0m | £15.0m |
| Capital spending | — | −£2.0m | −£1.0m | −£2.0m | −£1.0m | −£2.0m | — | — |
| Free cash flow | — | £29.0m | £17.0m | £16.0m | £24.0m | £23.0m | — | — |
| Total assets | £244.3m | £232.7m | £240.3m | £233.8m | £247.0m | £228.5m | £245.5m | £245.5m |
| Cash and short-term investments | £75.7m | £70.8m | £68.4m | £63.7m | £74.3m | £62.4m | £63.2m | £63.2m |
| Debt | £3.1m | £3.2m | £1.9m | £2.7m | £2.7m | £2.6m | £2.7m | — |
| Shareholders' equity | £183.5m | £179.1m | £182.0m | £175.7m | £181.3m | £168.7m | £174.2m | £169.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.0% | -0.5% | 1.4% |
| Operating income | -3.5% | -2.2% | 0.2% |
| Net income | -5.8% | -2.3% | 0.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.5% | 42.6% | 41.9% | 42.2% |
| Operating margin | 19.0% | 18.6% | 18.6% | 18.8% |
| Net margin | 14.6% | 14.5% | 14.5% | 14.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.1 | 14.1 | 17.4 | 20.1 | 19.4 | 30.0 | 29.6 | 29.9 | 24.2 | 25.6 |
| Price to sales | 2.2 | 2.2 | 2.6 | 2.8 | 2.7 | 4.5 | 4.3 | 4.5 | 3.6 | 3.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.089 | 0.088 | 0.083 | 0.078 | 0.133 | 0.082 | 0.061 | 0.068 |
- 2-for-1 split · 14 Jan 2022
- 2-for-1 split · 11 Jan 2013
- 2-for-1 split · 14 Jan 2011
- 2-for-1 split · 27 Feb 2006
- 2-for-1 split · 14 Dec 1992
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.