N 
50.30p
+0.60%
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
−£48.9m
FY2017FY2026
Net income
−£61.0m
FY2017FY2026
Free cash flow
£80.2m
FY2017FY2026
Shareholders' equity
£437.5m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | −£48.9m | £1.1m | £3.6m | £60.2m | £138.7m | £51.4m | −£20.2m | £74.8m | £41.1m | £51.5m |
| Gross profit | −£48.9m | £1.1m | £3.6m | £60.2m | £138.7m | £46.3m | −£25.8m | £69.4m | £36.0m | £51.5m |
| Operating income | −£61.0m | −£10.9m | −£8.4m | £48.3m | £127.5m | £40.2m | −£29.7m | £71.6m | £31.9m | £49.8m |
| Net income | −£61.0m | −£10.9m | −£8.4m | £48.3m | £127.5m | £40.2m | −£29.7m | £71.6m | £32.2m | £49.8m |
| Diluted earnings per share | -0.11 | -0.02 | -0.01 | 0.08 | 0.22 | 0.05 | -0.04 | 0.12 | 0.05 | 0.09 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £638.8m | £748.6m | £819.6m | £875.2m | £878.3m | £802.7m | £802.7m | £783.5m | £630.5m | £486.9m |
| Cash and short-term investments | £25.1m | £3.2m | £8.9m | £14.4m | £19.6m | £10.8m | £25.1m | £19.3m | £75.9m | £59.8m |
| Total liabilities | £201.3m | £201.3m | £201.0m | £2.3m | £209.8m | £24.0m | £2.4m | £1.2m | £25.5m | £8.3m |
| Debt | £198.6m | £198.5m | £198.3m | £198.2m | £198.1m | £197.9m | £197.8m | £99.0m | — | — |
| Shareholders' equity | £437.5m | £547.4m | £618.6m | £674.4m | £668.5m | £580.8m | £578.6m | £645.1m | £605.0m | £478.6m |
| Shares outstanding | 575m | 575m | 589m | 591m | 590m | 791m | 809m | 584m | 653m | 573m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £80.2m | £64.2m | £51.5m | £46.4m | £58.1m | £33.2m | −£56.0m | −£124.2m | −£78.5m | −£101.1m |
| Free cash flow | £80.2m | £64.2m | £51.5m | £46.4m | £58.1m | £33.2m | −£56.0m | −£124.2m | −£78.5m | −£101.1m |
| Dividends paid | −£58.0m | −£58.7m | −£56.9m | −£51.9m | −£49.3m | −£47.6m | −£36.8m | −£31.5m | −£30.1m | −£22.2m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £14.4m | £18.9m | £9.7m | −£8.6m | £12.0m | £6.0m | −£3.2m | −£1.6m |
| Gross profit | £12.7m | £16.9m | £9.7m | −£8.6m | £12.0m | £6.0m | −£3.2m | −£1.6m |
| Operating income | −£44.3m | −£7.1m | £1.5m | −£12.3m | £8.3m | £4.1m | −£6.9m | −£3.4m |
| Net income | −£49.2m | −£11.9m | £6.3m | −£17.1m | £3.3m | £1.6m | −£11.6m | −£5.8m |
| Diluted earnings per share | -0.09 | -0.02 | 0.01 | -0.03 | 0.01 | 0.00 | -0.02 | -0.01 |
| Cash from operations | £16.0m | £24.0m | £36.0m | £28.0m | £33.0m | £16.0m | £17.0m | £8.0m |
| Total assets | £638.8m | £712.4m | £748.6m | £771.1m | £819.6m | £819.6m | £840.9m | £840.9m |
| Cash and short-term investments | £25.1m | £7.8m | £3.2m | £608,000 | £8.9m | £8.9m | £4.8m | £4.8m |
| Shareholders' equity | £437.5m | £510.9m | £547.4m | £572.2m | £618.6m | £618.6m | £640.0m | £640.0m |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 100.0% | 100.0% | 97.5% | 94.0% |
| Operating margin | 150.2% | -200.5% | 65.9% | 73.4% |
| Net margin | 150.2% | -200.5% | 65.9% | 73.5% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -4.6 | -26.5 | -46.2 | 11.3 | 5.1 | 20.0 | -29.1 | 10.1 | 23.3 | 13.0 |
| Price to sales | -5.7 | 271.1 | 107.8 | 9.1 | 4.7 | 15.6 | -42.8 | 9.7 | 18.3 | 12.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 13 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.039 | 0.084 | 0.084 | 0.081 | 0.056 | 0.072 | 0.088 | 0.068 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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