R 
4,880.00p
+3.57%
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
£815.8m
FY2017FY2026
Net income
£119.0m
FY2017FY2026
Free cash flow
£83.0m
FY2017FY2026
Shareholders' equity
£984.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £815.8m | £713.0m | £691.3m | £688.6m | £673.7m | £567.4m | £509.5m | £574.0m | £611.5m | £536.8m |
| Research and development | £109.4m | £116.3m | £102.5m | £95.3m | £82.5m | £75.8m | £81.8m | £94.9m | £81.5m | £75.3m |
| Operating income | £133.9m | £107.9m | £108.7m | £134.5m | £138.0m | £133.4m | £57.4m | £97.9m | £148.4m | £118.8m |
| Net income | £119.0m | £83.8m | £96.9m | £116.1m | £120.4m | £111.5m | £288,000 | £92.2m | £132.9m | £89.0m |
| Diluted earnings per share | 1.63 | 1.15 | 1.33 | 1.60 | 1.66 | 1.53 | 0.00 | 1.27 | 1.83 | 1.22 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.23bn | £1.14bn | £1.05bn | £1.04bn | £992.8m | £856.9m | £766.5m | £775.8m | £741.6m | £630.1m |
| Cash and short-term investments | £290.9m | £273.6m | £217.8m | £206.4m | £253.2m | £215.0m | £131.0m | £106.8m | £103.8m | £51.9m |
| Total liabilities | £241.6m | £209.4m | £148.6m | £146.9m | £177.6m | £153.6m | £219.6m | £192.5m | £193.0m | £186.3m |
| Debt | £13.5m | £15.6m | £18.5m | £13.3m | £16.3m | £20.0m | £24.7m | £10.4m | — | — |
| Shareholders' equity | £984.7m | £926.4m | £903.4m | £897.2m | £815.7m | £703.9m | £547.4m | £583.9m | £549.2m | £444.4m |
| Shares outstanding | 73m | 73m | 73m | 73m | 73m | 73m | 73m | 73m | 73m | 73m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £121.3m | £147.9m | £124.1m | £84.3m | £121.5m | £135.3m | £104.7m | £106.5m | £132.1m | £115.3m |
| Capital spending | −£38.3m | −£46.3m | −£74.8m | −£84.9m | −£39.7m | −£23.7m | −£59.4m | −£56.8m | −£34.9m | −£42.6m |
| Free cash flow | £83.0m | £101.6m | £49.3m | −£554,000 | £81.8m | £111.6m | £45.3m | £49.7m | £97.3m | £72.6m |
| Dividends paid | −£56.8m | −£55.4m | −£55.4m | −£53.4m | −£49.5m | −£10.2m | −£33.5m | −£43.7m | −£38.9m | −£34.9m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £450.2m | £365.6m | £371.6m | £341.4m | £360.8m | £330.5m | £340.1m | £170.4m |
| Operating income | £97.0m | £36.9m | £56.3m | £51.6m | £61.1m | £43.1m | £61.7m | £32.7m |
| Net income | £82.6m | £36.3m | £37.8m | £45.9m | £51.7m | £45.2m | £52.0m | £26.0m |
| Diluted earnings per share | 1.14 | 0.50 | 0.52 | 0.63 | 0.71 | 0.62 | 0.72 | 0.36 |
| Cash from operations | £84.0m | £36.0m | £77.0m | £82.0m | £72.0m | £60.0m | £31.0m | £31.0m |
| Capital spending | −£21.0m | −£17.0m | −£22.0m | −£23.0m | −£24.0m | −£40.0m | −£26.0m | −£26.0m |
| Free cash flow | £63.0m | £19.0m | £55.0m | £59.0m | £48.0m | £20.0m | £5.0m | £5.0m |
| Total assets | £1.23bn | £1.11bn | £1.14bn | £1.04bn | £1.05bn | £987.7m | £1.04bn | £1.04bn |
| Cash and short-term investments | £290.9m | £240.9m | £273.6m | £233.2m | £217.8m | £178.3m | £206.4m | £206.4m |
| Debt | £5.0m | £6.7m | £6.9m | £7.2m | £7.5m | £7.6m | £7.7m | — |
| Shareholders' equity | £984.7m | £913.8m | £926.4m | £896.3m | £903.4m | £867.3m | £897.2m | £886.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 7.5% | 6.7% |
| Operating income | -0.1% | 0.1% | 4.9% |
| Net income | 0.8% | 1.3% | 8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.8% | 16.7% | 18.2% | 18.5% |
| Net margin | 13.3% | 14.3% | 15.6% | 14.9% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 32.2 | 30.4 | 25.3 | 22.4 | 22.3 | 31.4 | — | 29.8 | 23.1 | 42.9 |
| Price to sales | 4.7 | 3.6 | 3.5 | 3.8 | 4.0 | 6.2 | 8.3 | 4.8 | 5.0 | 7.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 29 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.652 | 0.781 | 0.762 | 0.762 | 0.734 | 0.16 | 0.66 | 0.46 |
- 6-for-5 split · 25 Nov 1996
- 9-for-8 split · 20 Nov 1995
- 11-for-10 split · 22 Nov 1994
- 5-for-4 split · 3 Dec 1990
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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