M 
56.60p
-2.41%
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
£897.9m
FY2016FY2025
Net income
£71.6m
FY2016FY2025
Free cash flow
£138.0m
FY2016FY2025
Shareholders' equity
£790.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £897.9m | £898.6m | £872.3m | £799.6m | £401.7m | £515.5m | £784.2m | £1.14bn | £1.01bn | £937.3m |
| Research and development | — | — | — | — | — | — | — | — | — | £100,000 |
| Operating income | £159.9m | £151.7m | £90.2m | £145.4m | −£52.5m | −£285.5m | £119.5m | £172.7m | £174.7m | £163.9m |
| Net income | £71.6m | −£18.5m | −£9.3m | £137.2m | −£127.7m | −£359.6m | −£37.4m | £45.0m | £84.7m | £73.0m |
| Diluted earnings per share | 0.11 | -0.03 | -0.01 | 0.21 | -0.20 | -0.57 | -0.06 | 0.07 | 0.14 | 0.13 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.32bn | £2.21bn | £2.45bn | £2.52bn | £2.47bn | £2.53bn | £2.82bn | £3.05bn | £3.00bn | £2.80bn |
| Cash and short-term investments | £35.9m | £45.5m | £29.6m | £30.7m | £35.4m | £42.6m | £37.6m | £41.4m | £54.6m | £185.6m |
| Total liabilities | £1.53bn | £1.56bn | £1.81bn | £1.87bn | £2.06bn | £2.28bn | £2.04bn | £2.09bn | £2.06bn | £2.05bn |
| Debt | £1.24bn | £1.30bn | £1.60bn | £1.62bn | £1.64bn | £1.71bn | £1.44bn | £1.55bn | £1.50bn | £1.46bn |
| Shareholders' equity | £790.7m | £654.8m | £640.1m | £648.1m | £406.4m | £248.9m | £774.2m | £957.6m | £931.4m | £752.1m |
| Shares outstanding | 655m | 634m | 633m | 643m | 633m | 633m | 633m | 639m | 622m | 581m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £199.2m | £207.4m | £141.2m | £55.5m | −£61.1m | £156.5m | £195.6m | £182.4m | £213.6m | £182.8m |
| Capital spending | −£61.2m | −£46.2m | −£65.3m | −£70.1m | −£46.6m | −£63.7m | −£133.8m | −£162.7m | −£196.3m | −£143.7m |
| Free cash flow | £138.0m | £161.2m | £75.9m | −£14.6m | −£107.7m | £92.8m | £61.8m | £19.7m | £17.3m | £39.1m |
| Dividends paid | — | — | — | — | — | −£30.4m | −£47.5m | −£47.5m | −£44.1m | −£40.8m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Apr 2023 | Oct 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £422.7m | £470.5m | £427.4m | £470.5m | £428.1m | £465.3m | £407.0m | £429.9m |
| Operating income | £64.4m | £98.6m | £61.3m | £103.5m | £48.2m | £81.7m | £43.1m | £75.5m |
| Net income | £17.3m | £57.3m | £14.3m | £30.0m | −£36.6m | £19.5m | −£28.8m | £117.8m |
| Diluted earnings per share | 0.03 | 0.09 | 0.02 | 0.05 | -0.06 | 0.03 | -0.05 | 0.18 |
| Cash from operations | £23.0m | £76.0m | £38.0m | £65.0m | £41.0m | £22.0m | £27.0m | £67.0m |
| Capital spending | −£39.0m | −£30.0m | −£31.0m | −£24.0m | −£21.0m | −£24.0m | −£40.0m | −£41.0m |
| Free cash flow | −£16.0m | £46.0m | £7.0m | £41.0m | £20.0m | −£2.0m | −£13.0m | £26.0m |
| Total assets | £2.34bn | £2.32bn | £2.21bn | £2.21bn | £2.41bn | £2.45bn | £2.51bn | £2.52bn |
| Cash and short-term investments | £28.7m | £30.5m | £32.3m | £40.0m | £22.7m | £29.6m | £22.5m | £30.7m |
| Debt | £564.6m | £1.18bn | £591.7m | £1.24bn | £1.24bn | £894.3m | £905.5m | £920.0m |
| Shareholders' equity | £812.9m | £790.7m | £678.4m | £654.8m | £601.5m | £640.1m | £620.1m | £648.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | 11.7% | 0.2% |
| Operating income | 3.2% | — | 0.5% |
| Net income | -19.5% | — | 11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 17.3% | 15.8% | 4.8% | 10.9% |
| Net margin | 3.0% | 5.2% | -7.0% | -1.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 5.4 | -15.1 | -23.0 | 1.9 | -3.8 | -1.3 | -12.2 | 7.6 | 4.7 | 6.1 |
| Price to sales | 0.4 | 0.3 | 0.3 | 0.3 | 1.2 | 0.9 | 0.6 | 0.3 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 12 Dec 2019.
| FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.048 | 0.075 | 0.075 | 0.074 | 0.076 | 0.076 | 0.072 | 0.069 |
- 4-for-1 split · 9 Jan 2007
- 1.029-to-1 reverse split · 28 Jan 2002
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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