P 
762.00p
+2.97%
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
£337.0m
FY2017FY2026
Net income
£39.3m
FY2017FY2026
Free cash flow
£37.5m
FY2017FY2026
Shareholders' equity
£74.1m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £337.0m | £310.7m | £306.4m | £167.7m | £145.1m | £127.7m | £144.3m | £211.6m | £213.5m | £211.9m |
| Gross profit | £149.1m | £136.4m | £147.4m | £100.2m | £93.5m | £81.4m | £90.7m | £98.3m | £100.0m | £105.9m |
| Research and development | £250,000 | £205,000 | £318,000 | £350,000 | £808,000 | £1.1m | £430,000 | £3.7m | £6.2m | £4.7m |
| Operating income | £71.7m | £33.4m | £56.3m | £52.0m | £50.5m | £22.3m | £51.0m | £54.0m | £53.5m | £52.3m |
| Net income | £39.3m | £19.2m | £35.7m | £34.7m | £39.7m | £22.3m | £45.7m | £44.4m | £42.9m | £59.6m |
| Diluted earnings per share | 0.60 | 0.29 | 0.48 | 0.47 | 0.57 | 0.32 | 0.66 | 0.65 | 0.63 | 0.87 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £503.8m | £508.3m | £519.1m | £480.0m | £232.1m | £284.9m | £258.0m | £231.6m | £262.5m | £199.8m |
| Cash and short-term investments | £150.2m | £33.2m | £86.8m | £160.5m | £24.3m | £10.5m | £93.8m | £37.5m | £46.0m | £53.1m |
| Total liabilities | £428.0m | £411.0m | £397.9m | £368.3m | £148.9m | £251.6m | £219.7m | £181.4m | £201.2m | £126.7m |
| Debt | £142.2m | £105.5m | £98.8m | £100.4m | £51.8m | £87.0m | £70.9m | — | — | — |
| Shareholders' equity | £74.1m | £93.2m | £121.2m | £111.7m | £83.3m | £33.3m | £38.3m | £50.1m | £61.3m | £73.1m |
| Shares outstanding | 65m | 65m | 74m | 74m | 70m | 69m | 69m | 69m | 68m | 68m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £45.5m | £24.4m | £54.0m | £93.6m | £22.6m | £55.4m | £51.5m | £59.6m | £63.0m | £41.8m |
| Capital spending | −£8.1m | −£18.8m | −£16.2m | −£12.7m | −£10.8m | −£12.0m | −£8.4m | −£5.1m | −£7.1m | −£12.1m |
| Free cash flow | £37.5m | £5.6m | £37.8m | £80.9m | £11.7m | £43.4m | £43.1m | £54.5m | £55.9m | £29.7m |
| Dividends paid | −£60.8m | −£27.8m | −£27.3m | −£25.1m | −£23.1m | −£21.4m | −£57.4m | −£56.6m | −£55.9m | −£78.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £192.9m | £144.1m | £171.7m | £65.1m | £65.1m | £175.8m | £87.9m | £126.5m |
| Gross profit | £85.4m | £61.0m | £67.4m | £30.1m | £30.1m | £81.4m | £40.7m | £57.9m |
| Operating income | £44.9m | £26.9m | £7.0m | £13.2m | £13.2m | −£20.8m | −£10.4m | £21.3m |
| Net income | £24.7m | £14.6m | £1.9m | £8.7m | £8.7m | £22.9m | £11.4m | £12.8m |
| Diluted earnings per share | 0.38 | 0.22 | 0.03 | 0.12 | 0.12 | 0.31 | 0.16 | 0.17 |
| Cash from operations | −£40.0m | £86.0m | −£35.0m | £93.0m | £47.0m | −£22.0m | −£9.0m | £72.0m |
| Capital spending | −£3.0m | −£4.0m | −£4.0m | −£2.0m | −£2.0m | −£6.0m | −£3.0m | −£7.0m |
| Free cash flow | −£43.0m | £82.0m | −£39.0m | £91.0m | £45.0m | −£28.0m | −£12.0m | £65.0m |
| Total assets | £503.8m | £605.2m | £508.3m | £587.7m | £587.7m | £519.1m | £519.1m | £560.0m |
| Cash and short-term investments | £150.2m | £151.9m | £33.2m | £151.8m | £20.4m | £86.8m | £26.4m | £221.7m |
| Debt | £139.5m | £114.8m | £103.1m | £107.8m | £940,000 | £94.8m | £17.3m | £104.2m |
| Shareholders' equity | £74.1m | £97.7m | £93.2m | £104.2m | £104.2m | £121.2m | £121.2m | £110.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.2% | 21.4% | 4.7% |
| Operating income | 11.3% | 26.3% | 3.6% |
| Net income | 4.3% | 12.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 44.1% | 47.5% | 50.8% | 50.6% |
| Operating margin | 16.2% | 19.0% | 20.5% | 22.9% |
| Net margin | 9.0% | 11.5% | 13.7% | 16.0% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 12.3 | 16.1 | 17.4 | 11.9 | 9.8 | 22.4 | 10.7 | 16.9 | 14.0 | 11.3 |
| Price to sales | 1.4 | 1.0 | 2.0 | 2.5 | 2.7 | 3.9 | 3.4 | 3.6 | 2.8 | 3.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 27 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.20 | 0.952 | 0.418 | 0.407 | 0.394 | 0.448 | 0.338 | 0.91 |
- 13-to-12 reverse split · 20 Oct 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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