C 
48.30p
0.00%
Close of 9 Nov 2026, in pence
Search any instrument
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.
Net income
£17.5m
FY2016FY2025
Free cash flow
−£12.9m
FY2016FY2025
Shareholders' equity
£298.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit | £18.5m | £44.5m | £4.3m | £5.1m | £42.5m | −£13.5m | £8.4m | £12.5m | £31.5m | £2.3m |
| Operating income | £17.4m | £43.5m | £3.6m | £4.4m | £41.8m | −£14.2m | £7.6m | £11.6m | £30.8m | £1.6m |
| Net income | £17.5m | £43.4m | £3.2m | £4.0m | £41.6m | −£14.5m | £7.6m | £11.5m | £30.5m | £1.3m |
| Diluted earnings per share | 0.03 | 0.08 | 0.01 | 0.01 | 0.10 | -0.03 | 0.02 | 0.03 | 0.08 | 0.00 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £343.5m | £316.8m | £279.6m | £271.2m | £272.5m | £243.5m | £265.0m | £261.2m | £242.9m | £224.0m |
| Cash and short-term investments | £10.1m | £12.3m | £6.6m | £4.0m | £11.4m | £2.9m | £5.8m | £3.9m | £6.8m | £8.2m |
| Total liabilities | £44.7m | £43.3m | £39.2m | £36.2m | £38.3m | £37.8m | £31.9m | £30.2m | £25.3m | £26.2m |
| Debt | £40.0m | £35.0m | £35.0m | £33.0m | £33.0m | £31.0m | £28.0m | £28.0m | £25.0m | £26.0m |
| Shareholders' equity | £298.8m | £273.5m | £240.4m | £235.0m | £234.2m | £205.7m | £233.1m | £231.1m | £217.7m | £197.8m |
| Shares outstanding | 579m | 534m | 498m | 461m | 438m | 428m | 409m | 385m | 364m | 359m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£12.9m | £18.6m | £18,000 | −£4.0m | £20.4m | £7.6m | £7.9m | £15.9m | £14.8m | £15.5m |
| Free cash flow | −£12.9m | £18.6m | £18,000 | −£4.0m | £20.4m | £7.6m | £7.9m | £15.9m | £14.8m | £15.5m |
| Dividends paid | −£25.7m | −£23.9m | −£22.0m | −£20.4m | −£19.5m | −£19.0m | −£18.1m | −£16.9m | −£15.9m | −£15.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Gross profit | £18.5m | £16.8m | £11.2m | £12.1m | £24.6m | £12.3m | £24.6m | £12.3m |
| Operating income | £16.5m | £14.3m | £9.4m | £10.3m | £22.9m | £11.5m | £23.0m | £11.5m |
| Net income | £15.5m | £13.3m | £8.3m | £9.2m | £21.7m | £10.8m | £21.8m | £10.9m |
| Diluted earnings per share | 0.02 | 0.02 | 0.01 | 0.02 | 0.04 | 0.02 | 0.04 | 0.02 |
| Cash from operations | −£1.0m | £12.0m | −£8.0m | −£3.0m | £12.0m | £6.0m | £9.0m | £3.0m |
| Total assets | £375.9m | £359.5m | £343.5m | £317.4m | £316.8m | £316.8m | £289.4m | £289.4m |
| Cash and short-term investments | £3.9m | £5.2m | £10.1m | £6.5m | £12.3m | £12.3m | £2.7m | £2.7m |
| Debt | — | £40.0m | £40.0m | £35.0m | £35.0m | £35.0m | £35.0m | £35.0m |
| Shareholders' equity | £335.2m | £318.9m | £298.8m | £281.9m | £273.5m | £273.5m | £253.1m | £253.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 43.0% | — | 19.8% |
| Operating income | 58.3% | — | 32.3% |
| Net income | 63.3% | — | 36.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 86.9% | 81.9% | 82.8% | 83.1% |
| Operating margin | 84.0% | 77.8% | 78.7% | 78.4% |
| Net margin | 84.0% | 77.0% | 77.6% | 77.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.1 | 6.4 | 78.8 | 61.0 | 5.9 | -15.3 | 32.5 | 19.0 | 7.4 | 157.7 |
| Price to sales | 12.8 | 5.6 | 31.5 | 30.7 | 5.4 | -20.5 | 22.5 | 14.7 | 6.7 | 47.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 19 years. Last went ex-dividend on 30 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 | 0.045 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.