S 
562.00p
+1.08%
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
£30.2m
FY2016FY2025
Net income
£17.7m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
£878.6m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £30.2m | £87.2m | £56.4m | −£62.6m | £160.0m | £87.7m | £110.0m | −£14.8m | £73.8m | £98.6m |
| Gross profit | £26.0m | £82.6m | £121.4m | −£62.6m | £160.0m | £87.7m | £110.0m | −£17.6m | £71.1m | £98.4m |
| Research and development | — | — | £2 | £2 | £3 | £4 | £3 | £1 | £1 | £3 |
| Operating income | £24.6m | £55.3m | £116.0m | −£62.9m | £167.6m | £96.5m | £119.3m | −£23.4m | £78.4m | £206.2m |
| Net income | £17.7m | £51.9m | £105.0m | −£65.6m | £157.0m | £85.1m | £107.6m | −£16.9m | £71.9m | £96.9m |
| Diluted earnings per share | 0.11 | 0.29 | 0.59 | -0.37 | 0.90 | 0.55 | 0.74 | -0.12 | 0.53 | 0.73 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £978.3m | £1.05bn | £1.03bn | £944.0m | £1.03bn | £816.0m | £685.6m | £569.2m | £584.7m | £519.0m |
| Cash and short-term investments | £3.5m | £2.8m | £7.3m | £4.2m | £11.3m | £9.7m | £7.5m | £7.5m | £2.9m | £4.2m |
| Total liabilities | £99.7m | £98.4m | £97.5m | £97.3m | £98.3m | £84.8m | £85.1m | £85.7m | £86.8m | £87.3m |
| Debt | £94.8m | £94.7m | £94.7m | £94.7m | £95.2m | £81.1m | £81.9m | £82.7m | £83.4m | £84.1m |
| Shareholders' equity | £878.6m | £952.7m | £935.2m | £846.7m | £930.2m | £731.2m | £600.5m | £483.5m | £497.9m | £431.6m |
| Shares outstanding | 165m | 177m | 178m | 177m | 175m | 154m | 146m | 139m | 135m | 133m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £22.3m | £21.1m | £19.6m | £19.4m | £12.9m | £11.0m | £11.3m | £16.1m | £9.7m | £8.6m |
| Capital spending | −£22.3m | — | — | — | — | — | — | — | −£32.3m | −£32.3m |
| Free cash flow | — | £21.1m | £19.6m | £19.4m | £12.9m | £11.0m | £11.3m | £16.1m | −£22.6m | −£23.7m |
| Dividends paid | −£26.4m | −£25.8m | −£24.8m | −£23.8m | −£21.0m | −£18.5m | −£17.0m | −£15.8m | −£14.8m | −£14.4m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £47.2m | £11.8m | £12.5m | £46.3m | £55.2m | £27.6m | £21.6m | £24.1m |
| Gross profit | £45.3m | £9.7m | £12.5m | £44.1m | £55.2m | £27.6m | £19.6m | £24.1m |
| Operating income | £44.6m | £9.0m | £9.7m | £3.0m | £52.4m | £26.2m | £45.4m | £22.7m |
| Net income | £41.8m | £10.1m | £7.6m | £2.3m | £49.6m | £24.8m | £39.3m | £19.7m |
| Diluted earnings per share | 0.26 | 0.06 | 0.05 | 0.01 | 0.28 | 0.14 | 0.22 | 0.11 |
| Cash from operations | £12.0m | £9.0m | £12.0m | £10.0m | £10.0m | £5.0m | £8.0m | £4.0m |
| Capital spending | — | −£9.0m | — | — | — | — | — | — |
| Free cash flow | — | £0 | — | — | — | — | — | — |
| Total assets | £929.3m | £978.3m | £1.02bn | £1.05bn | £1.07bn | £1.07bn | £1.03bn | £1.03bn |
| Cash and short-term investments | £2.3m | £3.5m | £4.0m | £2.8m | £4.3m | £4.3m | £7.3m | £7.3m |
| Shareholders' equity | £828.4m | £878.6m | £915.9m | £952.7m | £971.9m | £971.9m | £935.2m | £935.2m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | -19.2% | 4.6% |
| Operating income | — | -23.9% | 0.3% |
| Net income | — | -27.0% | 0.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 92.6% | 150.6% | 115.7% | 107.8% |
| Operating margin | 68.1% | 119.7% | 110.7% | 124.1% |
| Net margin | 59.3% | 98.0% | 97.8% | 97.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 48.3 | 17.0 | 9.1 | -13.7 | 6.0 | 8.4 | 5.8 | -28.9 | 6.9 | 4.5 |
| Price to sales | 28.3 | 10.1 | 16.9 | -14.3 | 5.9 | 8.1 | 5.7 | -33.1 | 6.7 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 37 years. Last went ex-dividend on 13 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.124 | 0.155 | 0.145 | 0.14 | 0.135 | 0.123 | 0.12 | 0.118 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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