K 
1,077.00p
-12.44%
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
£431.1m
FY2017FY2026
Net income
£42.5m
FY2017FY2026
Free cash flow
£52.8m
FY2017FY2026
Shareholders' equity
£100.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £431.1m | £367.2m | £382.4m | £374.8m | £302.6m | £234.7m | £178.8m | £151.3m | £96.7m | £83.5m |
| Gross profit | £198.9m | £175.9m | £187.3m | £177.2m | £140.2m | £118.3m | £84.0m | £69.1m | £46.6m | £42.0m |
| Research and development | £18.7m | £16.8m | £13.5m | £9.1m | £6.2m | £4.2m | £3.9m | £4.3m | £4.9m | £4.6m |
| Operating income | £49.7m | £42.5m | £60.8m | £47.9m | £44.5m | £48.8m | £21.8m | £21.0m | £14.2m | £13.3m |
| Net income | £42.5m | £35.6m | £48.7m | £41.6m | £35.8m | £39.6m | £18.6m | £16.9m | £11.7m | £10.4m |
| Diluted earnings per share | 0.36 | 0.29 | 0.38 | 0.33 | 0.28 | 0.32 | 0.15 | 0.14 | 0.10 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £273.5m | £267.1m | £278.8m | £233.6m | £207.2m | £164.5m | £113.4m | £91.1m | £65.3m | £50.9m |
| Cash and short-term investments | £82.8m | £131.2m | £123.5m | £108.3m | £76.6m | £80.9m | £40.8m | £42.5m | £29.0m | £23.7m |
| Total liabilities | £173.1m | £129.1m | £122.0m | £104.3m | £99.5m | £76.9m | £54.3m | £42.9m | £29.6m | £20.9m |
| Debt | £6.1m | £5.6m | £5.9m | £1.4m | £3.4m | £3.6m | £4.1m | £10.8m | £7.0m | £6.3m |
| Shareholders' equity | £100.5m | £138.0m | £156.8m | £129.3m | £107.7m | £87.6m | £59.2m | £48.2m | £35.7m | £30.0m |
| Shares outstanding | 119m | 124m | 127m | 126m | 126m | 125m | 124m | 123m | 121m | 119m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £60.8m | £58.8m | £73.0m | £61.9m | £44.7m | £59.9m | £24.2m | £22.5m | £14.2m | £16.9m |
| Capital spending | −£8.0m | −£3.4m | −£5.7m | −£2.5m | −£5.8m | −£1.5m | −£8.2m | −£2.0m | −£1.1m | −£813,000 |
| Free cash flow | £52.8m | £55.4m | £67.4m | £59.4m | £38.8m | £58.5m | £16.0m | £20.5m | £13.0m | £16.1m |
| Dividends paid | −£34.6m | −£35.7m | −£30.4m | −£28.4m | −£27.4m | −£16.0m | −£12.1m | −£8.9m | −£7.6m | −£7.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £235.0m | £196.1m | £184.1m | £183.1m | £189.1m | £193.2m | £96.6m | £195.0m |
| Gross profit | £104.7m | £94.2m | £83.9m | £92.0m | £94.5m | £92.8m | £46.4m | £93.4m |
| Operating income | £24.8m | £24.1m | £11.7m | £30.9m | £31.6m | £26.7m | £14.2m | £22.4m |
| Net income | £21.9m | £20.6m | £10.1m | £25.4m | £26.6m | £22.1m | £11.1m | £19.8m |
| Diluted earnings per share | 0.18 | 0.17 | 0.08 | 0.20 | 0.21 | 0.18 | 0.09 | 0.16 |
| Cash from operations | £49.0m | £9.0m | £39.0m | £19.0m | £42.0m | £26.0m | — | £41.0m |
| Capital spending | −£5.0m | −£2.0m | −£1.0m | −£1.0m | −£2.0m | −£3.0m | — | −£1.0m |
| Free cash flow | £44.0m | £7.0m | £38.0m | £18.0m | £40.0m | £23.0m | — | £40.0m |
| Total assets | £273.5m | £269.1m | £267.1m | £290.1m | £278.8m | £268.3m | £268.3m | £233.6m |
| Cash and short-term investments | £82.8m | £105.5m | £131.2m | £147.2m | £123.5m | £113.0m | £113.0m | £108.3m |
| Debt | £1.2m | £1.2m | £1.2m | £1.2m | £1.0m | £1.0m | £3.0m | £794,000 |
| Shareholders' equity | £100.5m | £104.6m | £138.0m | £159.3m | £156.8m | £137.4m | £137.4m | £129.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 4.8% | 12.9% | 18.9% |
| Operating income | 1.2% | 0.4% | 13.9% |
| Net income | 0.7% | 1.4% | 13.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 46.9% | 47.5% | 47.7% | 47.6% |
| Operating margin | 11.6% | 12.9% | 14.1% | 14.1% |
| Net margin | 9.8% | 10.8% | 11.6% | 11.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 35.1 | 34.9 | 21.0 | 33.9 | 54.2 | 60.3 | 81.2 | 53.7 | 41.6 | 38.9 |
| Price to sales | 3.5 | 3.4 | 2.7 | 3.8 | 6.4 | 10.2 | 8.4 | 6.0 | 5.0 | 4.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 11 years. Last went ex-dividend on 1 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.198 | 0.289 | 0.404 | 0.243 | 0.229 | 0.222 | 0.131 | 0.10 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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