N 
81.00p
+1.00%
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
£130.1m
FY2017FY2026
Net income
£31.7m
FY2017FY2026
Free cash flow
£19.6m
FY2017FY2026
Shareholders' equity
£457.6m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £130.1m | £90.5m | £65.8m | £73.7m | £75.0m | £75.5m | £146.3m | £140.6m | £108.4m | £102.3m |
| Research and development | — | — | — | £0 | — | £2 | £1 | — | — | — |
| Operating income | £50.3m | £39.0m | £12.9m | −£2.8m | £25.4m | −£100.6m | £66.5m | £70.0m | £71.7m | £72.4m |
| Net income | £31.7m | £23.7m | £3.0m | −£16.8m | £7.0m | −£122.1m | −£121.1m | −£36.9m | £45.7m | £36.2m |
| Diluted earnings per share | 0.07 | 0.05 | 0.01 | -0.05 | 0.02 | -0.40 | -0.40 | -0.12 | 0.15 | 0.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.02bn | £1.05bn | £759.6m | £781.5m | £819.1m | £1.23bn | £1.38bn | £1.35bn | £1.39bn | £1.12bn |
| Cash and short-term investments | £115.5m | £61.3m | £132.8m | £108.6m | £82.8m | £150.5m | £80.8m | £27.1m | £115.9m | £46.0m |
| Total liabilities | £564.2m | £564.0m | £398.5m | £402.9m | £405.0m | £765.5m | £767.7m | £556.1m | £497.9m | £435.5m |
| Debt | £517.3m | £510.6m | £372.2m | £373.4m | £371.5m | £715.3m | £714.9m | £502.7m | £457.0m | £403.1m |
| Shareholders' equity | £457.6m | £490.1m | £361.1m | £378.6m | £414.1m | £460.4m | £610.6m | £796.1m | £892.4m | £684.5m |
| Shares outstanding | 435m | 466m | 317m | 315m | 310m | 308m | 307m | 306m | 305m | 269m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £37.2m | £28.4m | £22.7m | £25.8m | £47.1m | £8.6m | £45.5m | £35.6m | £41.6m | £59.5m |
| Capital spending | −£17.6m | −£9.7m | −£6.1m | −£3.0m | −£12.6m | −£13.3m | −£24.2m | −£700,000 | −£1.0m | −£138,000 |
| Free cash flow | £19.6m | £18.7m | £16.6m | £22.8m | £34.5m | −£4.7m | £21.3m | £34.9m | £40.6m | £59.4m |
| Dividends paid | −£27.8m | −£21.8m | −£18.7m | −£19.6m | −£19.3m | −£1.4m | −£63.8m | −£63.1m | −£62.1m | −£46.0m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £69.0m | £61.1m | £58.7m | £15.9m | £15.9m | £19.5m | £19.5m | £33.2m |
| Operating income | £29.8m | £20.6m | £26.3m | £15.1m | £6.3m | £5.1m | £5.1m | £15.5m |
| Net income | £17.3m | £14.4m | £15.5m | £8.2m | £4.1m | £2.8m | £2.8m | −£2.6m |
| Diluted earnings per share | 0.04 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | -0.01 |
| Cash from operations | £20.0m | £16.0m | £14.0m | £14.0m | £7.0m | £2.0m | £2.0m | £17.0m |
| Capital spending | −£14.0m | −£3.0m | −£8.0m | −£1.0m | — | −£3.0m | — | −£2.0m |
| Free cash flow | £6.0m | £13.0m | £6.0m | £13.0m | — | −£1.0m | — | £15.0m |
| Total assets | £1.02bn | £1.02bn | £1.05bn | £819.2m | £819.2m | £759.6m | £759.6m | £773.3m |
| Cash and short-term investments | £115.5m | £88.6m | £61.3m | £184.4m | £184.4m | £132.8m | £132.8m | £137.3m |
| Debt | £440.1m | £439.1m | £438.8m | £297.5m | £400,000 | £297.0m | £400,000 | £297.6m |
| Shareholders' equity | £457.6m | £450.9m | £490.1m | £410.4m | £410.4m | £361.1m | £361.1m | £367.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.9% | 11.5% | 6.5% |
| Operating income | — | — | 0.0% |
| Net income | — | — | -7.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 40.5% | 27.6% | 4.7% | 33.0% |
| Net margin | 25.1% | 11.6% | -14.4% | -7.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 11.0 | 13.6 | 77.4 | -15.4 | 34.6 | -2.2 | -2.1 | -16.6 | 14.1 | 24.8 |
| Price to sales | 2.7 | 3.6 | 3.5 | 3.5 | 3.2 | 3.6 | 1.8 | 4.4 | 6.0 | 8.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 18 Jun 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.066 | 0.062 | 0.066 | 0.068 | 0.071 | 0.216 | 0.215 |
- 1-to-1 reverse split · 18 Aug 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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