P 
120.20p
+3.89%
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 USD, from our data supplier.
Revenue
$1.16bn
FY2017FY2026
Net income
$357.2m
FY2017FY2026
Free cash flow
$340.8m
FY2017FY2026
Shareholders' equity
$1.04bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.16bn | $540.0m | $373.8m | $321.6m | $376.4m | $368.9m | $274.1m | $217.7m | $139.2m | $218.3m |
| Research and development | $428,000 | $2.6m | $64,000 | $87,000 | $208,000 | $426,100 | $391,300 | $260,500 | $1.1m | $772,221 |
| Operating income | $548.6m | $192.0m | $114.6m | $101.5m | $111.6m | $111.8m | $85.1m | $38.8m | $25.7m | $17.7m |
| Net income | $357.2m | $141.6m | $79.4m | $61.1m | $75.1m | $74.7m | $44.3m | $38.0m | −$121.9m | $23.3m |
| Diluted earnings per share | 0.18 | 0.07 | 0.82 | 0.64 | 0.78 | 0.77 | 0.46 | 0.39 | -1.26 | 0.26 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $1.61bn | $1.00bn | $686.1m | $500.9m | $457.1m | $483.1m | $368.6m | $393.1m | $346.9m | $404.7m |
| Total liabilities | $572.1m | $457.8m | $322.0m | $206.3m | $162.5m | $199.5m | $185.0m | $209.5m | $195.6m | $123.0m |
| Debt | $38.6m | $103.6m | $123.1m | $42.5m | $33.3m | $28.0m | $73.3m | $133.8m | $118.2m | $17.5m |
| Shareholders' equity | $1.04bn | $548.8m | $365.2m | $295.1m | $294.8m | $283.6m | $183.6m | $183.6m | $151.3m | $281.8m |
| Shares outstanding | 2,027m | 2,027m | 96m | 96m | 96m | 96m | 96m | 96m | 96m | 90m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $557.0m | $154.9m | $90.8m | $123.3m | $135.0m | $96.5m | $57.2m | $37.7m | −$2.4m | $16.4m |
| Capital spending | −$216.1m | −$158.6m | −$166.2m | −$112.7m | −$82.7m | −$44.4m | −$34.6m | −$55.1m | −$124.7m | −$35.5m |
| Free cash flow | $340.8m | −$3.8m | −$75.4m | $10.6m | $52.3m | $52.1m | $22.7m | −$17.4m | −$127.1m | −$19.1m |
| Dividends paid | — | — | — | −$23.2m | −$25.0m | −$20.6m | −$3.4m | −$3.4m | −$11.0m | −$13.3m |
Latest quarters
By quarter end
| Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Dec 2019 | Sept 2019 | Jun 2019 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $487.1m | $350.7m | $189.3m | $179.8m | $191.1m | $66.4m | $66.4m | $61.4m |
| Operating income | $220.0m | $147.9m | $42.9m | $54.9m | $62.6m | $16.7m | $16.7m | $14.1m |
| Net income | $148.0m | $96.2m | $48.2m | $36.8m | $40.9m | $11.0m | $11.0m | $14.3m |
| Diluted earnings per share | 0.07 | 0.05 | 0.03 | 0.02 | 0.02 | 0.11 | 0.11 | 0.15 |
| Cash from operations | $170.0m | $158.0m | −$3.0m | $63.0m | $27.0m | $6.0m | $6.0m | $8.0m |
| Capital spending | −$63.0m | −$66.0m | −$92.0m | −$101.0m | −$64.0m | −$7.0m | −$7.0m | −$7.0m |
| Free cash flow | $107.0m | $92.0m | −$95.0m | −$38.0m | −$37.0m | −$1.0m | −$1.0m | $1.0m |
| Total assets | $1.16bn | $1.00bn | $848.9m | $686.1m | $573.7m | $405.2m | $405.2m | $393.1m |
| Debt | $72.2m | $103.6m | $208.3m | $123.1m | $89.4m | $113.1m | $113.1m | $133.8m |
| Shareholders' equity | $689.7m | $548.8m | $421.5m | $365.2m | $328.2m | $201.8m | $201.8m | $183.6m |
Financial ratios
Data as of 20 Oct 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating margin | 54.1% | 40.3% | 32.4% | 28.6% | 22.2% | 29.6% |
| Net margin | 30.9% | 26.2% | 21.2% | 19.1% | 20.0% | 20.2% |
| Return on equity | 34.3% | 25.8% | 21.7% | 20.9% | 25.5% | 26.3% |
| Return on assets | 22.2% | 14.1% | 11.6% | 12.2% | 16.4% | 15.5% |
| Free cash flow yield | 0.3% | 0.1% | 2.3% | 1.9% | 1.7% | 1.1% |
| Revenue growth | 114.7% | 44.5% | 16.9% | -15.0% | 2.0% | 34.6% |
| Earnings growth | 152.9% | 78.4% | 29.8% | -18.6% | 0.6% | 68.6% |
| Current ratio | 1.47x | 0.60x | 0.71x | 0.76x | 0.95x | 0.80x |
| Debt to equity | 0.05x | 0.35x | 0.35x | 0.18x | 0.12x | 0.21x |
| Equity ratio | 64.6% | 54.6% | 53.2% | 58.4% | 64.5% | 58.7% |
| Interest coverage | 36.15x | 11.56x | 12.70x | 11.68x | 13.33x | 14.24x |
| R&D as a share of sales | 0.0% | 0.5% | 0.0% | 0.0% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.0% | -2001.6% | -0.7% | 0.0% | 0.6% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 53.2% | 25.7% | 17.8% |
| Operating income | 75.5% | 37.5% | 26.3% |
| Net income | 80.1% | 36.8% | 26.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 43.7% | 40.0% | 37.6% | 33.3% |
| Net margin | 29.4% | 26.7% | 25.2% | 19.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Price to earnings | 8.4 | 23.4 | 0.6 | 0.4 | 0.3 | 0.3 | 0.7 |
| Price to sales | 2.6 | 6.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 12 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.022 | 0.01 | 0.008 | 0.009 | 0.008 | 0.007 | 0.001 | 0.004 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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