M 
442.50p
+1.61%
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
£1.14bn
FY2016FY2025
Net income
£46.2m
FY2016FY2025
Free cash flow
£55.1m
FY2016FY2025
Shareholders' equity
£201.7m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.14bn | £1.13bn | £1.09bn | £959.6m | £878.4m | £805.8m | £905.1m | £869.8m | £900.2m | £940.1m |
| Gross profit | £265.8m | £251.0m | £218.8m | £195.7m | £180.5m | £156.3m | £218.2m | £207.0m | £223.7m | £244.9m |
| Research and development | — | £1.5m | £1.4m | £1.8m | £2.1m | £2.6m | £2.6m | £2.4m | £2.1m | £1.8m |
| Operating income | £76.8m | £72.8m | £51.7m | £40.4m | £23.5m | −£3.8m | £33.4m | £30.8m | £28.5m | £31.2m |
| Net income | £46.2m | £46.5m | £35.2m | £28.3m | £14.1m | £44.5m | £21.2m | £24.1m | £7.6m | £21.5m |
| Diluted earnings per share | 0.51 | 0.54 | 0.32 | 0.25 | 0.12 | 0.40 | 0.19 | 0.23 | 0.07 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £740.1m | £701.3m | £700.0m | £630.9m | £633.9m | £676.1m | £760.3m | £525.3m | £476.0m | £484.4m |
| Cash and short-term investments | £48.5m | £91.4m | £145.8m | £100.1m | £54.6m | £96.2m | £72.9m | £27.9m | £24.8m | £53.7m |
| Total liabilities | £535.3m | £513.9m | £499.6m | £417.0m | £432.9m | £520.0m | £641.3m | £315.1m | £266.4m | £285.7m |
| Debt | £318.7m | £297.5m | £291.1m | £225.4m | £216.9m | £248.4m | £393.4m | £95.0m | £50.6m | £65.3m |
| Shareholders' equity | £201.7m | £184.1m | £197.5m | £212.3m | £200.2m | £155.4m | £119.1m | £210.7m | £209.5m | £199.3m |
| Shares outstanding | 91m | 87m | 109m | 114m | 113m | 111m | 110m | 106m | 104m | 103m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £100.3m | £128.8m | £135.9m | £110.9m | £56.7m | £105.8m | £95.3m | £644,000 | £15.5m | £25.7m |
| Capital spending | −£45.2m | −£29.8m | −£25.8m | −£9.4m | −£8.8m | −£6.8m | −£11.5m | −£7.3m | −£19.5m | −£10.0m |
| Free cash flow | £55.1m | £99.0m | £110.0m | £101.5m | £47.9m | £99.0m | £83.8m | −£6.6m | −£4.0m | £15.7m |
| Dividends paid | −£13.9m | −£12.9m | −£11.8m | −£9.7m | −£2.8m | −£2.8m | −£13.8m | −£12.5m | −£12.2m | −£11.5m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £560.0m | £576.1m | £559.4m | £552.5m | £580.0m | £563.7m | £525.6m | £474.6m |
| Gross profit | £132.2m | £134.9m | £129.8m | £119.6m | £131.4m | £114.2m | £102.7m | £95.6m |
| Operating income | £34.6m | £38.6m | £36.4m | £38.2m | £34.7m | £28.3m | £23.4m | £19.7m |
| Net income | £30.4m | £22.5m | £23.8m | £23.8m | £22.7m | £19.2m | £16.0m | £14.0m |
| Diluted earnings per share | 0.38 | 0.25 | 0.26 | 0.27 | 0.26 | 0.18 | 0.15 | 0.12 |
| Cash from operations | £56.0m | £33.0m | £66.0m | £48.0m | £71.0m | £75.0m | £53.0m | £41.0m |
| Capital spending | −£2.0m | −£18.0m | −£26.0m | −£10.0m | −£20.0m | −£15.0m | −£10.0m | −£5.0m |
| Free cash flow | £54.0m | £15.0m | £40.0m | £38.0m | £51.0m | £60.0m | £43.0m | £36.0m |
| Total assets | £747.2m | £740.1m | £734.3m | £701.3m | £686.8m | £700.0m | £654.4m | £630.9m |
| Cash and short-term investments | £70.5m | £48.5m | £81.1m | £91.4m | £107.3m | £145.8m | £117.1m | £100.1m |
| Debt | £73.5m | £80.7m | £67.1m | £66.9m | £51.4m | £91.2m | £45.6m | £44.4m |
| Shareholders' equity | £212.7m | £201.7m | £184.5m | £184.1m | £186.6m | £197.5m | £217.2m | £212.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 7.1% | 2.6% |
| Operating income | 23.9% | — | 10.7% |
| Net income | 17.8% | 0.8% | 13.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 22.8% | 21.6% | 21.1% | 22.8% |
| Operating margin | 6.6% | 5.6% | 4.4% | 3.9% |
| Net margin | 4.1% | 3.6% | 3.6% | 2.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 7.0 | 6.8 | 9.6 | 8.3 | 15.1 | 3.8 | 15.3 | 14.4 | 56.3 | 21.8 |
| Price to sales | 0.3 | 0.3 | 0.3 | 0.3 | 0.2 | 0.2 | 0.4 | 0.4 | 0.5 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 10 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.181 | 0.169 | 0.141 | 0.11 | 0.088 | 0.025 | 0.125 | 0.121 |
- 1-to-1 reverse split · 8 May 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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