M 
179.20p
+2.05%
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
£934.2m
FY2017FY2026
Net income
£30.0m
FY2017FY2026
Free cash flow
£13.4m
FY2017FY2026
Shareholders' equity
£111.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £934.2m | £926.5m | £934.8m | £889.0m | £678.3m | £682.3m | £706.2m | £721.3m | £689.8m | £632.9m |
| Gross profit | £343.2m | £342.1m | £347.9m | £261.2m | £188.2m | £234.6m | £241.0m | £240.4m | £235.6m | £230.3m |
| Research and development | £10.3m | £9.8m | £10.0m | £7.3m | £6.8m | £7.6m | £6.2m | £6.5m | £6.7m | £6.7m |
| Operating income | £57.7m | £60.2m | £64.3m | £11.0m | −£31.1m | £21.6m | £28.7m | £24.8m | £35.2m | £40.4m |
| Net income | £30.0m | £33.2m | £33.3m | −£11.5m | −£24.0m | £13.4m | £6.5m | £12.0m | £19.0m | £8.9m |
| Diluted earnings per share | 0.17 | 0.19 | 0.19 | -0.06 | -0.14 | 0.08 | 0.04 | 0.07 | 0.10 | 0.05 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £560.2m | £505.3m | £476.6m | £470.3m | £466.1m | £431.8m | £471.8m | £435.1m | £448.1m | £419.9m |
| Cash and short-term investments | £65.2m | £34.2m | £9.3m | £1.6m | £4.5m | £24.9m | £44.2m | £14.4m | £11.7m | £26.0m |
| Total liabilities | £449.1m | £411.0m | £413.2m | £433.2m | £409.1m | £362.0m | £404.9m | £370.9m | £380.5m | £355.7m |
| Debt | £188.0m | £139.4m | £140.8m | £168.1m | £168.9m | £143.3m | £145.7m | £135.3m | £126.0m | £101.7m |
| Shareholders' equity | £111.1m | £94.3m | £63.4m | £37.1m | £57.0m | £69.8m | £66.9m | £64.2m | £67.6m | £63.6m |
| Shares outstanding | 182m | 175m | 178m | 181m | 174m | 174m | 183m | 183m | 183m | 183m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £33.4m | £63.1m | £59.2m | £11.1m | −£32.0m | £14.6m | £51.7m | £7.3m | £28.4m | £37.3m |
| Capital spending | −£20.0m | −£20.0m | −£19.6m | −£12.0m | −£14.3m | −£23.8m | −£19.2m | −£17.1m | −£22.4m | −£15.2m |
| Free cash flow | £13.4m | £43.1m | £39.6m | −£900,000 | −£46.3m | −£9.2m | £32.5m | −£9.8m | £6.0m | £22.1m |
| Dividends paid | −£5.2m | — | — | — | −£100,000 | −£2.0m | −£3.4m | −£8.6m | −£7.7m | −£6.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £459.0m | £475.2m | £455.1m | £760.1m | £471.4m | £466.8m | £468.0m | £462.7m |
| Gross profit | £170.6m | £172.6m | £167.8m | £316.4m | £174.3m | £177.0m | £170.9m | £147.4m |
| Operating income | £27.0m | £30.8m | £29.2m | £81.0m | £31.0m | £34.8m | £30.0m | £2.4m |
| Net income | £14.0m | £16.0m | £13.8m | −£9.5m | £19.4m | £20.6m | £12.7m | £5.3m |
| Diluted earnings per share | 0.08 | 0.09 | 0.08 | -0.02 | 0.11 | 0.12 | 0.07 | 0.03 |
| Cash from operations | £18.0m | £15.0m | £37.0m | −£134.0m | £26.0m | £25.0m | £33.0m | £6.0m |
| Capital spending | −£11.0m | −£8.0m | −£11.0m | — | −£8.0m | −£6.0m | −£7.0m | −£7.0m |
| Free cash flow | £7.0m | £7.0m | £26.0m | — | £18.0m | £19.0m | £26.0m | −£1.0m |
| Total assets | £560.2m | £497.1m | £505.3m | £3.82bn | £457.8m | £476.6m | £471.5m | £470.3m |
| Cash and short-term investments | £65.2m | £22.4m | £34.2m | £175.9m | £10.6m | £9.3m | £14.3m | £1.6m |
| Debt | £184.1m | £138.9m | £73.5m | £2.32bn | £123.9m | £135.5m | £154.1m | £162.9m |
| Shareholders' equity | £111.1m | £98.1m | £94.3m | £43.4m | £81.0m | £63.4m | £43.6m | £37.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.7% | 6.5% | 3.2% |
| Operating income | 73.8% | 21.7% | 5.4% |
| Net income | — | 17.5% | 5.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.8% | 35.1% | 34.0% | 34.3% |
| Operating margin | 6.3% | 5.2% | 3.6% | 4.1% |
| Net margin | 3.4% | 2.3% | 1.5% | 1.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.7 | 7.7 | 5.7 | -12.6 | -1.4 | 7.5 | 22.8 | 13.3 | 11.5 | 47.2 |
| Price to sales | 0.3 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 30 Oct 2025.
| FY2026 | FY2011 | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.03 | 0.053 | 0.07 | 0.062 | 0.062 | 0.058 | 0.054 | 0.048 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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