S 
38.20p
-0.78%
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
£754.8m
FY2016FY2025
Net income
−£24.8m
FY2016FY2025
Free cash flow
£100.4m
FY2016FY2025
Shareholders' equity
£505.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £754.8m | £848.2m | £1.01bn | £1.07bn | £686.6m | £3.4m | £2.2m | £54.8m | £66.3m | £54.0m |
| Operating income | £21.1m | −£302.3m | £20.2m | £42.9m | £41.4m | £81,330 | £89,710 | −£3.5m | −£168,645 | £2.6m |
| Net income | −£24.8m | −£306.9m | −£6.0m | −£160.5m | −£56.7m | −£39,290 | −£100,400 | −£8.1m | −£142,913 | £459,105 |
| Diluted earnings per share | -0.04 | -0.50 | -0.01 | -0.29 | -0.10 | -0.00 | -0.00 | -0.02 | -0.06 | 0.20 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.35bn | £1.45bn | £1.72bn | £1.94bn | £1.69bn | £11.7m | £7.7m | £5.0m | £2.2m | £27.2m |
| Cash and short-term investments | £240.8m | £168.4m | £145.7m | £223.6m | £301.0m | £1.4m | £661,060 | £250,050 | £2.2m | £1.1m |
| Total liabilities | £841.6m | £867.8m | £854.0m | £1.09bn | £884.4m | £4.5m | £3.1m | £1.6m | £18,653 | £19.5m |
| Debt | £355.8m | £349.9m | £370.1m | £385.3m | £353.1m | £1.2m | £691,360 | £456,380 | £4.8m | £7.6m |
| Shareholders' equity | £505.9m | £577.4m | £865.8m | £849.5m | £801.1m | £7.2m | £4.7m | £3.4m | £2.2m | £6.8m |
| Shares outstanding | 676m | 619m | 663m | 560m | 545m | 498m | 454m | 368m | 2m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £102.7m | £84.1m | −£10.7m | £78.3m | £54.6m | £609,280 | £198,270 | £2.5m | −£142,208 | −£311,535 |
| Capital spending | −£2.3m | −£4.0m | −£5.9m | −£17.9m | −£14.6m | −£74,300 | −£94,430 | −£1.5m | −£852,198 | −£1.5m |
| Free cash flow | £100.4m | £80.1m | −£16.6m | £60.4m | £40.0m | £534,980 | £103,840 | £1.0m | −£994,406 | −£1.8m |
| Dividends paid | −£6.1m | — | — | — | — | — | — | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £344.0m | £394.4m | £360.4m | £425.7m | £422.5m | £494.4m | £517.1m | £623.0m |
| Operating income | £9.0m | £28.6m | −£7.5m | £29.5m | −£2.1m | £21.0m | −£800,000 | £48.5m |
| Net income | −£600,000 | −£2.5m | −£22.3m | −£293.2m | −£13.7m | £13.7m | −£19.7m | −£77.2m |
| Diluted earnings per share | -0.00 | -0.00 | -0.03 | -0.47 | -0.02 | 0.02 | -0.03 | -0.14 |
| Cash from operations | £19.0m | £78.0m | £23.0m | £45.0m | £12.0m | −£35.0m | £13.0m | £80.0m |
| Capital spending | −£1.0m | — | −£1.0m | −£1.0m | −£2.0m | −£2.0m | −£4.0m | −£7.0m |
| Free cash flow | £18.0m | — | £22.0m | £44.0m | £10.0m | −£37.0m | £9.0m | £73.0m |
| Total assets | £1.25bn | £1.35bn | £1.28bn | £1.45bn | £1.65bn | £1.72bn | £1.78bn | £1.94bn |
| Cash and short-term investments | £183.3m | £240.8m | £175.1m | £168.4m | £135.0m | £145.7m | £213.3m | £223.6m |
| Debt | £257.5m | £336.5m | £330.0m | £320.2m | £325.5m | £334.3m | £331.9m | £342.2m |
| Shareholders' equity | £512.9m | £505.9m | £501.5m | £577.4m | £877.8m | £865.8m | £827.7m | £849.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -11.0% | 194.2% | 39.9% |
| Operating income | -21.1% | 204.0% | 26.4% |
| Net income | -46.3% | 263.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -17.5% | -5.9% | -4.0% | -3.8% |
| Net margin | -20.7% | -13.5% | -12.7% | -12.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -5.6 | -0.7 | -59.0 | -6.6 | -21.1 | -21953.6 | -3018.1 | -18.7 | -5.8 | 3.0 |
| Price to sales | 0.2 | 0.2 | 0.3 | 1.0 | 1.8 | 251.7 | 140.8 | 2.8 | 0.0 | 0.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 5 Jun 2025.
| FY2025 | |
|---|---|
| Paid in the year | 0.01 |
- 10-to-1 reverse split · 28 Sept 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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