O 
2,574.00p
+5.67%
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
£423.2m
FY2017FY2026
Net income
£48.2m
FY2017FY2026
Free cash flow
£47.4m
FY2017FY2026
Shareholders' equity
£340.2m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £423.2m | £500.6m | £470.4m | £444.7m | £367.3m | £318.5m | £317.4m | £314.0m | £296.9m | £300.2m |
| Gross profit | £228.3m | £258.8m | £242.4m | £219.5m | £176.4m | £153.9m | £146.7m | £159.3m | £150.9m | £157.3m |
| Research and development | £36.7m | £41.1m | £39.1m | £34.5m | £30.9m | £27.5m | £23.6m | £32.7m | £33.8m | £36.6m |
| Operating income | £63.7m | £39.2m | £68.3m | £66.7m | £50.8m | £47.4m | £40.7m | £39.3m | £33.1m | £36.8m |
| Net income | £48.2m | £26.0m | £50.7m | £58.6m | £38.6m | £41.8m | £33.8m | £30.0m | £19.6m | −£25.5m |
| Diluted earnings per share | 0.84 | 0.45 | 0.86 | 1.00 | 0.66 | 0.72 | 0.58 | 0.52 | 0.34 | -0.44 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £552.1m | £604.8m | £606.3m | £572.0m | £514.0m | £450.7m | £464.0m | £383.5m | £345.2m | £414.0m |
| Cash and short-term investments | £106.9m | £94.1m | £97.8m | £112.7m | £96.4m | £128.0m | £119.5m | £35.2m | £20.7m | £27.2m |
| Total liabilities | £211.9m | £228.7m | £240.6m | £228.0m | £197.6m | £184.5m | £212.4m | £181.3m | £165.6m | £281.5m |
| Debt | £44.5m | £40.9m | £47.4m | £43.9m | £28.9m | £37.9m | £60.6m | £37.5m | £40.4m | £136.5m |
| Shareholders' equity | £340.2m | £376.1m | £365.7m | £344.0m | £316.4m | £266.2m | £251.6m | £202.2m | £179.6m | £132.5m |
| Shares outstanding | 57m | 58m | 59m | 59m | 58m | 58m | 58m | 58m | 58m | 57m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £54.8m | £49.1m | £42.4m | £66.5m | £49.1m | £41.8m | £55.2m | £44.1m | £30.5m | £33.5m |
| Capital spending | −£7.4m | −£15.9m | −£27.0m | −£32.9m | −£14.7m | −£5.1m | −£7.2m | −£4.9m | −£4.3m | −£3.0m |
| Free cash flow | £47.4m | £33.2m | £15.4m | £33.6m | £34.4m | £36.7m | £48.0m | £39.2m | £26.2m | £30.5m |
| Dividends paid | −£13.0m | −£12.1m | −£11.4m | −£10.6m | −£12.3m | −£8.2m | −£8.2m | −£7.6m | −£7.4m | −£7.4m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £237.7m | £185.5m | £274.8m | £225.8m | £260.7m | £209.7m | £104.8m | £244.2m |
| Gross profit | £130.6m | £97.7m | £135.9m | £117.3m | £131.4m | £106.1m | £55.5m | £120.3m |
| Operating income | £43.5m | £23.9m | £44.9m | £31.1m | £39.7m | £24.1m | £11.3m | £37.4m |
| Net income | £36.2m | £12.0m | £1.9m | £24.1m | £28.4m | £22.3m | £11.2m | £37.9m |
| Diluted earnings per share | 0.63 | 0.21 | 0.03 | 0.41 | 0.48 | 0.38 | 0.19 | 0.65 |
| Cash from operations | £52.0m | £2.0m | £56.0m | −£7.0m | £43.0m | — | — | £21.0m |
| Capital spending | −£3.0m | −£3.0m | −£5.0m | −£8.0m | −£10.0m | −£17.0m | — | −£10.0m |
| Free cash flow | £49.0m | −£1.0m | £51.0m | −£15.0m | £33.0m | — | — | £11.0m |
| Total assets | £552.1m | £577.2m | £604.8m | £592.4m | £606.3m | £576.1m | £576.1m | £572.0m |
| Cash and short-term investments | £106.9m | £72.3m | £94.1m | £53.0m | £97.8m | £101.7m | £101.7m | £112.7m |
| Debt | £16.7m | £30.6m | £14.2m | £17.9m | £18.8m | £27.6m | £51.9m | £17.7m |
| Shareholders' equity | £340.2m | £351.3m | £376.1m | £376.7m | £365.7m | £351.6m | £351.6m | £344.0m |
Financial ratios
Data as of 3 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Gross margin | 53.9% | 51.7% | 51.5% | 49.4% | 48.0% | 48.3% |
| Operating margin | 15.1% | 8.2% | 15.5% | 16.8% | 13.2% | 17.0% |
| Net margin | 11.4% | 5.2% | 10.8% | 13.2% | 10.5% | 13.1% |
| Return on equity | 14.2% | 6.9% | 13.9% | 17.0% | 12.2% | 15.7% |
| Return on assets | 8.7% | 4.3% | 8.4% | 10.2% | 7.5% | 9.3% |
| Free cash flow yield | 0.0% | 0.0% | 0.0% | 0.1% | 0.0% | 0.0% |
| Revenue growth | -15.5% | 6.4% | 5.8% | 21.1% | 15.3% | 0.3% |
| Earnings growth | 85.4% | -48.7% | -13.5% | 51.8% | -7.7% | 23.7% |
| Current ratio | 1.83x | 1.81x | 1.64x | 1.60x | 1.56x | 1.55x |
| Debt to equity | 0.05x | 0.04x | 0.05x | 0.05x | 0.04x | 0.12x |
| Equity ratio | 61.6% | 62.2% | 60.3% | 60.1% | 61.6% | 59.1% |
| Interest coverage | 35.39x | 29.43x | 42.94x | 62.25x | 53.89x | 28.47x |
| R&D as a share of sales | 8.7% | 8.2% | 8.3% | 7.8% | 8.4% | 8.6% |
| Buybacks as a share of market value | 1.8% | 0.5% | -0.3% | -0.2% | -0.2% | -0.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.6% | 5.8% | 2.8% |
| Operating income | -1.5% | 6.1% | 11.6% |
| Net income | -6.3% | 2.9% | 21.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 52.7% | 51.6% | 50.7% | 50.3% |
| Operating margin | 11.1% | 12.9% | 13.3% | 12.5% |
| Net margin | 8.0% | 10.0% | 10.5% | 8.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 28.2 | 46.2 | 24.9 | 23.1 | 33.9 | 36.5 | 34.4 | 29.9 | 25.9 | -19.1 |
| Price to sales | 3.2 | 2.4 | 2.7 | 3.0 | 3.6 | 4.8 | 3.7 | 2.9 | 1.7 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 9 Jul 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.182 | 0.225 | 0.27 | 0.198 | 0.183 | 0.173 | 0.041 | 0.106 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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