J 
360.00p
+1.84%
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
£3.7m
FY2016FY2025
Net income
−£3.0m
FY2016FY2025
Free cash flow
£12.8m
FY2016FY2025
Shareholders' equity
£473.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £3.7m | £104.5m | −£9.2m | −£77.6m | £143.5m | £10.1m | −£9.5m | £38.5m | £50.1m | −£11.8m |
| Gross profit | −£2.1m | £100.2m | −£12.3m | −£80.7m | £141.1m | £8.1m | −£11.7m | £36.3m | £48.3m | −£13.6m |
| Operating income | −£2.9m | £99.7m | −£12.8m | −£81.3m | £140.7m | £7.7m | −£12.2m | £36.0m | £47.9m | −£14.1m |
| Net income | −£3.0m | £99.7m | −£12.9m | −£81.4m | £140.6m | £7.6m | −£12.5m | £35.7m | £47.7m | −£14.2m |
| Diluted earnings per share | -0.02 | 0.97 | -0.16 | -1.04 | 1.80 | 0.10 | -0.16 | 0.44 | 0.57 | -0.17 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £536.7m | £574.8m | £270.0m | £286.7m | £382.5m | £233.6m | £233.9m | £253.5m | £233.5m | £180.9m |
| Cash and short-term investments | £21.9m | £8.5m | £4.0m | £9.7m | £3.1m | £5.0m | £5.6m | £3.8m | £8.6m | £10.6m |
| Total liabilities | £63.6m | £57.7m | £27.8m | £26.3m | £36.2m | £23.7m | £26.1m | £26.4m | £26.2m | £20.2m |
| Debt | £60.0m | £55.0m | £27.0m | £25.0m | £35.0m | £21.0m | £24.0m | £25.0m | £22.0m | £19.0m |
| Shareholders' equity | £473.0m | £517.1m | £242.2m | £260.4m | £346.3m | £209.9m | £207.7m | £227.1m | £207.3m | £160.6m |
| Shares outstanding | 134m | 103m | 78m | 78m | 78m | 78m | 80m | 82m | 84m | 86m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £12.8m | £13.8m | £6.2m | £3.8m | £1.6m | £1.7m | £3.6m | £3.4m | £2.5m | — |
| Free cash flow | £12.8m | £13.8m | £6.2m | £3.8m | £1.6m | £1.7m | £3.6m | £3.4m | £2.5m | — |
| Dividends paid | −£20.3m | −£17.7m | −£5.4m | −£4.4m | −£4.3m | −£4.3m | −£4.3m | −£3.9m | −£3.1m | — |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Apr 2024 | Jan 2024 | Oct 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £8.9m | £24.6m | £37.6m | −£33.9m | £83.3m | £41.6m | £21.2m | £10.6m |
| Gross profit | £7.6m | £23.3m | £58.8m | −£35.3m | £83.3m | £41.6m | £21.2m | £10.6m |
| Operating income | £7.2m | £23.0m | £35.9m | −£35.8m | £82.1m | £41.1m | £20.2m | £10.1m |
| Net income | £5.8m | £21.5m | £34.4m | −£37.4m | £80.4m | £40.2m | £19.3m | £9.6m |
| Diluted earnings per share | 0.05 | 0.18 | 0.26 | -0.29 | 0.63 | 0.31 | 0.15 | 0.12 |
| Cash from operations | £4.0m | £4.0m | £6.0m | £3.0m | £9.0m | £5.0m | £2.0m | £1.0m |
| Capital spending | −£4.0m | — | — | — | −£1.0m | — | — | — |
| Free cash flow | £0 | — | — | — | £8.0m | — | — | — |
| Total assets | £509.3m | £526.2m | £536.7m | £516.2m | £574.8m | £574.8m | £285.4m | £285.4m |
| Cash and short-term investments | £9.2m | £4.6m | £21.9m | £253,000 | £8.5m | £8.5m | £4.2m | £4.2m |
| Debt | — | £58.2m | £60.0m | £54.5m | £57.7m | £57.7m | £30.3m | £30.3m |
| Shareholders' equity | £450.5m | £468.0m | £473.0m | £461.7m | £517.1m | £517.1m | £255.1m | £255.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -18.3% | -17.6% |
| Operating income | -66.9% | — | — |
| Net income | -66.7% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 90.7% | 24.0% | 88.1% | 88.6% |
| Operating margin | 89.4% | 12.4% | 86.3% | 86.5% |
| Net margin | 89.4% | 11.4% | 86.1% | 86.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -143.1 | 3.1 | -17.9 | -2.7 | 2.2 | 37.1 | -20.4 | 4.5 | 3.9 | -10.0 |
| Price to sales | 117.2 | 2.9 | -25.0 | -2.8 | 2.2 | 28.0 | -26.9 | 4.1 | 3.7 | -12.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 35 years. Last went ex-dividend on 20 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.145 | 0.15 | 0.178 | 0.069 | 0.057 | 0.055 | 0.055 | 0.054 |
- 5-for-1 split · 30 Nov 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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