R 
1,772.00p
+0.45%
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, before interest expense
£1.03bn
FY2016FY2025
Net income
£112.3m
FY2016FY2025
Total assets
£5.22bn
FY2016FY2025
Shareholders' equity
£1.35bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £1.03bn | £1.01bn | £677.9m | £455.9m | £468.8m | £397.1m | £383.8m | £340.5m | £310.7m | £271.5m |
| Research and development | — | £2.2m | £1.8m | £1.5m | £1.3m | £1.2m | £1.3m | £686,000 | £492,000 | £421,000 |
| Operating income | £265.9m | £266.9m | £179.0m | £77.5m | £109.0m | £83.1m | £81.5m | £84.3m | £78.0m | £65.6m |
| Net income | £112.3m | £65.5m | £37.5m | £49.0m | £75.2m | £26.7m | £26.9m | £46.2m | £46.8m | £38.2m |
| Diluted earnings per share | 1.04 | 0.58 | 0.38 | 0.82 | 1.26 | 0.48 | 0.48 | 0.83 | 0.92 | 0.77 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £5.22bn | £4.29bn | £4.22bn | £3.47bn | £3.29bn | £3.38bn | £3.41bn | £2.87bn | £2.74bn | £2.40bn |
| Cash and short-term investments | £1.50bn | £1.17bn | £1.2m | £1.48bn | £1.53bn | £1.80bn | £1.93bn | £44.5m | £54.8m | £1.78bn |
| Total liabilities | £3.87bn | £2.93bn | £2.87bn | £2.84bn | £2.67bn | £2.87bn | £2.92bn | £2.40bn | £2.38bn | £2.08bn |
| Debt | £198.1m | £88.5m | £127.2m | £91.4m | £97.1m | £76.8m | £81.0m | £20.3m | £21.0m | £19.9m |
| Shareholders' equity | £1.35bn | £1.36bn | £1.35bn | £634.8m | £623.3m | £513.8m | £485.4m | £464.1m | £363.3m | £324.8m |
| Shares outstanding | 108m | 113m | 99m | 60m | 60m | 56m | 56m | 56m | 51m | 49m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £538.4m | £529.6m | £505.0m | £508.4m | £505.7m | £382.8m | £295.1m | £147.2m |
| Operating income | £131.4m | £143.3m | £122.6m | £135.2m | £131.7m | £94.8m | £84.2m | £20.6m |
| Net income | £51.7m | £67.9m | £44.4m | £20.0m | £45.5m | £17.8m | £19.7m | £9.8m |
| Diluted earnings per share | 0.49 | 0.63 | 0.41 | 0.18 | 0.40 | 0.18 | 0.20 | 0.16 |
| Total assets | £5.51bn | £5.22bn | £5.65bn | £4.29bn | £4.49bn | £4.25bn | £3.44bn | £3.44bn |
| Cash and short-term investments | £1.48bn | £1.50bn | £1.81bn | £1.17bn | £1.03bn | £1.20bn | £1.14bn | £3.1m |
| Debt | £16.3m | £8.4m | £17.5m | £13.8m | £19.4m | £24.3m | £17.2m | £105.9m |
| Shareholders' equity | £1.32bn | £1.35bn | £1.34bn | £1.36bn | £1.37bn | £1.35bn | £618.3m | £618.3m |
Financial ratios
Data as of 28 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 21.8% | 18.1% | 19.9% | 17.0% | 21.2% | 12.1% | — |
| Net margin | 10.9% | 6.5% | 5.5% | 10.7% | 16.0% | 6.7% | — |
| Return on equity | 8.3% | 4.8% | 2.8% | 7.7% | 12.1% | 5.2% | — |
| Return on assets | 2.2% | 1.5% | 0.9% | 1.4% | 2.3% | 0.8% | — |
| Revenue growth | 2.0% | 49.6% | 48.7% | -2.8% | 18.1% | 3.5% | — |
| Earnings growth | 71.5% | 74.7% | -23.4% | -34.9% | 182.3% | -1.0% | — |
| Current ratio | 190.82x | 0.43x | 1.17x | 1.12x | 1.13x | 1.12x | — |
| Debt to equity | 0.01x | 0.01x | 0.02x | 0.01x | 0.01x | 0.05x | — |
| Equity ratio | 25.9% | 31.7% | 32.0% | 18.3% | 18.9% | 15.2% | — |
| Interest coverage | 3.09x | 2.19x | 1.75x | 2.77x | 21.84x | 11.20x | — |
| R&D as a share of sales | — | 0.2% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| Buybacks as a share of market value | 4.8% | -13.7% | -65.3% | -0.5% | -6.7% | -0.9% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 31.4% | 21.1% | 15.8% |
| Operating income | 50.8% | 26.2% | 15.8% |
| Net income | 31.9% | 33.3% | 9.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 26.0% | 24.8% | 24.2% | 24.2% |
| Net margin | 8.7% | 8.3% | 9.0% | 10.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.5 | 28.6 | 46.1 | 25.0 | 15.8 | 32.4 | 43.9 | 28.3 | 27.9 | 25.7 |
| Price to sales | 2.0 | 1.9 | 2.5 | 2.7 | 2.5 | 2.2 | 3.1 | 3.8 | 4.2 | 3.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 3 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.00 | 0.94 | 0.54 | 1.19 | 0.82 | 0.74 | 0.70 | 0.67 |
- 1-to-1 reverse split · 30 Jun 2003
- 1-to-1 reverse split · 15 Jul 2002
- 2-for-1 split · 8 Jun 1992
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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