O 
510.00p
+0.59%
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.
Net income
£285.7m
FY2016FY2025
Total assets
£31.12bn
FY2016FY2025
Shareholders' equity
£2.13bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | £382.5m | £418.1m | £374.3m | £531.5m | £464.6m | £260.4m | £209.1m | £182.8m | £167.7m | £163.1m |
| Net income | £285.7m | £308.1m | £282.6m | £410.0m | £345.3m | £196.3m | £158.8m | £139.6m | £126.9m | £120.9m |
| Diluted earnings per share | 0.77 | 0.79 | 0.68 | 0.93 | 0.76 | 0.43 | 0.47 | 0.57 | 0.52 | 0.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £31.12bn | £30.24bn | £29.59bn | £27.57bn | £24.53bn | £22.65bn | £21.42bn | £10.46bn | £8.59bn | £6.58bn |
| Cash and short-term investments | £400,000 | £3.23bn | £2.34bn | £3.04bn | £2.74bn | £2.37bn | £2.10bn | £1.32bn | £1.17bn | £485.3m |
| Total liabilities | £28.99bn | £28.02bn | £27.45bn | £25.37bn | £22.51bn | £20.98bn | £20.00bn | £9.80bn | £8.01bn | £6.16bn |
| Debt | £4.00bn | £3.96bn | £4.99bn | £5.38bn | £4.82bn | £4.05bn | £3.49bn | £1.69bn | £1.28bn | £160.6m |
| Shareholders' equity | £2.13bn | £2.22bn | £2.14bn | £2.20bn | £2.02bn | £1.62bn | £1.42bn | £658.4m | £578.8m | £418.4m |
| Shares outstanding | 372m | 390m | 418m | 441m | 454m | 451m | 337m | 247m | 245m | 245m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | £187.2m | £190.2m | £192.3m | £176.8m | £241.3m | £297.6m | £76.7m | £263.4m |
| Net income | £141.3m | £143.6m | £142.1m | £129.8m | £178.3m | £223.3m | £59.3m | £201.1m |
| Diluted earnings per share | 0.39 | 0.39 | 0.38 | 0.33 | 0.46 | 0.53 | 0.14 | 0.46 |
| Total assets | £30.35bn | £31.12bn | £30.29bn | £30.24bn | £30.75bn | £29.59bn | £28.78bn | £27.57bn |
| Cash and short-term investments | £1.11bn | £400,000 | £2.78bn | £3.23bn | £3.44bn | £2.34bn | £3.16bn | £3.04bn |
| Debt | — | £62.0m | £72.6m | £1.99bn | — | £155.5m | — | £503.7m |
| Shareholders' equity | £2.23bn | £2.13bn | £2.18bn | £2.22bn | £2.19bn | £1.99bn | £1.96bn | £2.20bn |
Financial ratios
Data as of 29 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 20.1% | 20.0% | 21.3% | 47.3% | 60.0% | 36.8% |
| Net margin | 15.0% | 14.7% | 16.1% | 36.5% | 44.6% | 27.7% |
| Return on equity | 13.4% | 13.9% | 13.2% | 18.6% | 17.1% | 12.1% |
| Return on assets | 0.9% | 1.0% | 1.0% | 1.5% | 1.4% | 0.9% |
| Revenue growth | -9.2% | 19.0% | 56.5% | 45.1% | 9.4% | 108.2% |
| Earnings growth | -7.3% | 9.0% | -31.1% | 18.7% | 75.9% | 23.6% |
| Current ratio | 0.01x | 0.13x | 0.11x | 0.00x | 0.00x | 0.00x |
| Debt to equity | 0.03x | 0.89x | 0.07x | 0.23x | 0.02x | 0.69x |
| Equity ratio | 6.8% | 7.4% | 7.2% | 8.0% | 8.3% | 7.1% |
| Interest coverage | 0.31x | 0.29x | 0.34x | 1.48x | 2.92x | 1.09x |
| Buybacks as a share of market value | 4.7% | 6.8% | 5.1% | 2.8% | -0.5% | -33.9% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 19.1% | 21.8% | 27.3% |
| Operating income | -10.4% | 8.0% | 13.8% |
| Net income | -11.3% | 7.8% | 13.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 20.0% | 24.8% | 29.1% | 33.9% |
| Net margin | 14.9% | 18.7% | 21.9% | 25.6% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.3 | 5.1 | 6.9 | 5.2 | 7.3 | 9.7 | 9.2 | 6.2 | 8.0 | 6.9 |
| Price to sales | 1.3 | 0.8 | 1.1 | 1.9 | 3.3 | 2.7 | 4.3 | 3.1 | 4.2 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 13 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.359 | 0.341 | 0.465 | 0.32 | 0.298 | 0.194 | 0.152 | 0.136 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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