R 
47.25p
+0.96%
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
£518.4m
FY2016FY2025
Net income
−£132.3m
FY2016FY2025
Free cash flow
£16.7m
FY2016FY2025
Shareholders' equity
£526.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £518.4m | £538.6m | £568.6m | £601.4m | £615.8m | £600.2m | £702.5m | £723.9m | £713.0m | £713.0m |
| Gross profit | £218.2m | £235.2m | £223.9m | £225.7m | £286.4m | £297.0m | £331.8m | £346.5m | £370.9m | £370.9m |
| Operating income | −£134.8m | £74.2m | £46.1m | £71.3m | £79.3m | £7.6m | £151.6m | £121.8m | £93.5m | £108.2m |
| Net income | −£132.3m | £53.6m | £21.5m | £52.3m | £2.9m | −£26.7m | £94.3m | −£119.6m | £69.5m | £69.5m |
| Diluted earnings per share | -0.42 | 0.17 | 0.07 | 0.17 | 0.01 | -0.09 | 0.30 | -0.39 | 0.24 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £949.4m | £1.21bn | £1.22bn | £1.26bn | £1.34bn | £1.27bn | £1.33bn | £1.34bn | £1.42bn | £1.42bn |
| Cash and short-term investments | £16.1m | £22.7m | £19.9m | £40.4m | £65.7m | £42.0m | £20.4m | £19.2m | £37.8m | £52.6m |
| Total liabilities | £423.2m | £530.9m | £582.1m | £621.5m | £703.7m | £707.2m | £693.4m | £779.7m | £835.7m | £835.7m |
| Debt | £66.7m | £62.3m | £63.2m | £46.7m | £36.2m | £41.6m | — | £60.0m | £81.2m | £81.2m |
| Shareholders' equity | £526.2m | £678.6m | £637.2m | £637.5m | £638.8m | £566.7m | £635.2m | £557.7m | £579.4m | £579.4m |
| Shares outstanding | 318m | 321m | 317m | 316m | 312m | 310m | 314m | 308m | 284m | 293m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £19.3m | £26.0m | £15.9m | £20.0m | £84.4m | £52.6m | £86.8m | £35.2m | £79.3m | £79.3m |
| Capital spending | −£2.6m | −£11.8m | −£3.5m | −£13.7m | −£12.5m | −£1.9m | −£3.9m | −£11.2m | −£4.3m | −£4.3m |
| Free cash flow | £16.7m | £14.2m | £12.4m | £6.3m | £71.9m | £50.7m | £82.9m | £24.0m | £75.0m | £75.0m |
| Dividends paid | −£23.2m | −£23.2m | −£23.1m | −£22.9m | −£21.8m | — | −£18.6m | −£17.5m | −£14.6m | −£14.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £232.9m | £262.4m | £256.0m | £273.6m | £265.0m | £289.2m | £279.4m | £139.7m |
| Gross profit | £96.4m | £110.5m | £107.7m | £124.2m | £111.0m | £122.9m | £101.0m | £50.5m |
| Operating income | £14.2m | −£164.5m | £29.7m | £35.2m | £36.8m | £51.9m | £31.1m | £7.9m |
| Net income | −£26.0m | −£153.2m | £20.9m | £29.0m | £24.6m | £16.9m | £4.6m | £2.3m |
| Diluted earnings per share | -0.08 | -0.48 | 0.07 | 0.09 | 0.08 | 0.05 | 0.01 | 0.01 |
| Cash from operations | £9.0m | £8.0m | £10.0m | £15.0m | £8.0m | £14.0m | £1.0m | — |
| Capital spending | −£1.0m | −£1.0m | −£1.0m | — | — | −£8.0m | −£7.0m | — |
| Free cash flow | £8.0m | £7.0m | £9.0m | — | — | £6.0m | −£6.0m | — |
| Total assets | £837.6m | £949.4m | £1.18bn | £1.21bn | £1.20bn | £1.22bn | £1.23bn | £1.23bn |
| Cash and short-term investments | £16.5m | £16.1m | £16.2m | £22.7m | £12.7m | £19.9m | £11.5m | £11.5m |
| Debt | £64.8m | £48.8m | £42.5m | £39.3m | £29.0m | £34.7m | £19.5m | £42.0m |
| Shareholders' equity | £465.5m | £526.2m | £681.7m | £678.6m | £670.9m | £637.2m | £623.1m | £623.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.8% | -2.9% | -1.3% |
| Net income | — | 37.7% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.9% | 40.5% | 43.2% | 46.4% |
| Operating margin | -5.7% | 2.6% | 4.2% | 10.3% |
| Net margin | -7.4% | -0.2% | -0.8% | 2.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.3 | 5.0 | 11.1 | 5.7 | 303.5 | -16.7 | 4.4 | -1.6 | 3.1 | 4.3 |
| Price to sales | 0.3 | 0.5 | 0.4 | 0.5 | 1.4 | 0.7 | 0.6 | 0.3 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 30 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.045 | 0.073 | 0.073 | 0.073 | 0.073 | 0.07 | 0.06 | 0.11 |
- 1.043-for-1 split · 23 Oct 2020
- 1.101-for-1 split · 12 Jul 1995
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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