P 
751.50p
+0.13%
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
£180.3m
FY2016FY2025
Total assets
£19.93bn
FY2016FY2025
Shareholders' equity
£1.42bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating income | £256.5m | £253.8m | £199.9m | £417.9m | £213.7m | £120.0m | £159.0m | £180.3m | £145.2m | £143.8m |
| Net income | £180.3m | £186.0m | £153.9m | £313.6m | £164.5m | £91.3m | £127.4m | £145.8m | £117.2m | £116.0m |
| Diluted earnings per share | 0.88 | 0.86 | 0.67 | 1.27 | 0.63 | 0.36 | 0.48 | 0.54 | 0.42 | 0.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £19.93bn | £19.27bn | £18.42bn | £16.65bn | £15.14bn | £15.51bn | £14.40bn | £14.52bn | £13.68bn | £13.52bn |
| Cash and short-term investments | £2.39bn | £2.53bn | £2.99bn | £1.93bn | £1.38bn | £1.94bn | £1.23bn | £1.32bn | £1.50bn | £1.24bn |
| Total liabilities | £18.51bn | £17.85bn | £17.01bn | £15.24bn | £13.90bn | £14.35bn | £13.29bn | £13.42bn | £12.67bn | £12.55bn |
| Debt | £1.71bn | £1.01bn | £3.10bn | £4.02bn | £4.46bn | £4.38bn | £5.65bn | £6.94bn | £8.23bn | £11.36bn |
| Shareholders' equity | £1.42bn | £1.42bn | £1.41bn | £1.42bn | £1.24bn | £1.16bn | £1.11bn | £1.10bn | £1.01bn | £969.5m |
| Shares outstanding | 205m | 216m | 229m | 247m | 260m | 255m | 264m | 269m | 276m | 287m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Mar 2023 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | £133.2m | £118.9m | £142.9m | £146.4m | £146.3m | £158.1m | £128.9m | £147.2m |
| Net income | £98.6m | £79.5m | £100.8m | £104.1m | £81.9m | £116.0m | £37.9m | £204.5m |
| Diluted earnings per share | 0.50 | 0.39 | 0.49 | 0.48 | 0.38 | 0.51 | 0.17 | 0.83 |
| Total assets | £19.94bn | £19.93bn | £19.17bn | £19.27bn | £18.98bn | £18.42bn | £17.32bn | £16.65bn |
| Cash and short-term investments | £1.64bn | £2.39bn | £2.13bn | £2.53bn | £3.04bn | £2.99bn | £2.28bn | £1.93bn |
| Debt | £103.1m | £103.0m | £104.3m | £108.3m | £103.9m | £52.8m | £2.6m | £172.6m |
| Shareholders' equity | £1.55bn | £1.42bn | £1.41bn | £1.42bn | £1.38bn | £1.41bn | £1.36bn | £1.42bn |
Financial ratios
Data as of 2 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 20.7% | 50.6% | 43.9% | 53.6% | 60.3% | 38.2% |
| Net margin | 14.5% | 37.1% | 33.8% | 40.2% | 46.4% | 29.5% |
| Return on equity | 12.7% | 13.1% | 10.9% | 22.1% | 13.2% | 7.9% |
| Return on assets | 0.9% | 1.0% | 0.8% | 1.9% | 1.1% | 0.6% |
| Revenue growth | 147.6% | 10.1% | -41.6% | 119.9% | 14.5% | 1.0% |
| Earnings growth | -3.1% | 20.9% | -50.9% | 90.6% | 80.2% | -28.3% |
| Current ratio | 0.28x | 0.15x | 15.91x | 34.64x | 41.97x | 43.17x |
| Debt to equity | 0.07x | 0.08x | 0.04x | 0.12x | 0.32x | 0.66x |
| Equity ratio | 7.1% | 7.4% | 7.7% | 8.5% | 8.2% | 7.5% |
| Interest coverage | 0.34x | 0.31x | 0.36x | 2.39x | 1.61x | 0.55x |
| Buybacks as a share of market value | 4.9% | 5.9% | 7.0% | 5.3% | -2.2% | 3.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.8% | 32.0% | 19.4% |
| Operating income | -15.0% | 16.4% | 6.7% |
| Net income | -16.8% | 14.6% | 5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 29.3% | 37.9% | 40.1% | 44.6% |
| Net margin | 21.0% | 28.0% | 29.9% | 34.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 9.7 | 8.6 | 10.4 | 4.4 | 9.0 | 13.6 | 11.2 | 7.1 | 11.6 | 10.3 |
| Price to sales | 1.4 | 3.2 | 3.5 | 1.8 | 4.2 | 4.0 | 4.6 | 3.3 | 5.1 | 4.7 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 2 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.454 | 0.408 | 0.396 | 0.302 | 0.472 | 0.216 | 0.142 | 0.209 |
- 10-to-1 reverse split · 29 Jan 2008
- 10-to-1 reverse split · 8 Mar 1995
- 1-to-1 reverse split · 14 Feb 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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