S 
9.10p
+1.11%
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
£2.59bn
FY2016FY2025
Net income
−£64.1m
FY2016FY2025
Free cash flow
£52.7m
FY2016FY2025
Shareholders' equity
£120.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £2.59bn | £2.61bn | £2.76bn | £2.74bn | £2.29bn | £1.87bn | £2.08bn | £2.43bn | £2.88bn | £2.85bn |
| Gross profit | £625.0m | £640.0m | £699.6m | £706.3m | £597.4m | £464.4m | £533.0m | £618.6m | £752.5m | £747.9m |
| Operating income | £24.8m | −£5.4m | £4.0m | £56.2m | £14.0m | −£171.2m | £28.6m | £25.7m | −£39.5m | −£95.2m |
| Net income | −£64.1m | −£48.6m | −£43.4m | £15.5m | −£28.3m | −£200.5m | −£124.5m | £3.7m | −£60.2m | −£122.1m |
| Diluted earnings per share | -0.06 | -0.04 | -0.04 | 0.01 | -0.02 | -0.17 | -0.20 | 0.01 | -0.10 | -0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.14bn | £1.18bn | £1.27bn | £1.33bn | £1.20bn | £1.15bn | £1.35bn | £1.24bn | £1.34bn | £1.49bn |
| Cash and short-term investments | £81.3m | £86.8m | £132.2m | £130.1m | £145.1m | £235.3m | £110.0m | £83.3m | £108.2m | £128.1m |
| Total liabilities | £1.02bn | £998.4m | £1.04bn | £1.07bn | £937.0m | £848.3m | £1.05bn | £778.0m | £870.9m | £953.3m |
| Debt | £601.4m | £585.7m | £590.6m | £574.6m | £510.7m | £474.4m | £555.7m | £270.9m | £358.2m | £409.2m |
| Shareholders' equity | £120.5m | £179.8m | £228.5m | £267.8m | £264.7m | £301.9m | £294.2m | £462.9m | £469.6m | £535.5m |
| Shares outstanding | 1,156m | 1,161m | 1,155m | 1,148m | 1,177m | 1,182m | 614m | 592m | 592m | 591m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £68.8m | £75.5m | £114.4m | £89.2m | −£38.6m | −£60.2m | £155.2m | £89.6m | £74.6m | £70.3m |
| Capital spending | −£16.1m | −£16.7m | −£15.8m | −£15.3m | −£18.6m | −£13.3m | −£34.5m | −£22.7m | −£19.9m | −£37.5m |
| Free cash flow | £52.7m | £58.8m | £98.6m | £73.9m | −£57.2m | −£73.5m | £120.7m | £66.9m | £54.7m | £32.8m |
| Dividends paid | — | — | — | — | — | — | −£22.2m | −£22.2m | −£18.2m | −£28.0m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.29bn | £1.29bn | £1.30bn | £1.29bn | £1.32bn | £1.34bn | £1.42bn | £1.39bn |
| Gross profit | £308.8m | £310.6m | £315.4m | £314.4m | £324.6m | £333.6m | £363.2m | £353.0m |
| Operating income | £9.8m | £14.4m | −£7.3m | £11.6m | £7.1m | £14.4m | £32.0m | £36.6m |
| Net income | −£21.4m | −£29.7m | −£34.4m | −£34.4m | −£14.2m | −£48.1m | £4.7m | −£400,000 |
| Diluted earnings per share | -0.02 | -0.03 | -0.03 | -0.03 | -0.01 | -0.04 | 0.00 | -0.00 |
| Cash from operations | £26.0m | £38.0m | £30.0m | £25.0m | £15.0m | £63.0m | £16.0m | £79.0m |
| Capital spending | −£5.0m | −£7.0m | −£8.0m | −£8.0m | −£7.0m | −£10.0m | −£5.0m | −£8.0m |
| Free cash flow | £21.0m | £31.0m | £22.0m | £17.0m | £8.0m | £53.0m | £11.0m | £71.0m |
| Total assets | £1.21bn | £1.14bn | £1.26bn | £1.18bn | £1.28bn | £1.27bn | £1.39bn | £1.33bn |
| Cash and short-term investments | £64.2m | £81.3m | £81.7m | £86.8m | £100.7m | £132.2m | £106.3m | £130.1m |
| Debt | £88.5m | £345.3m | £338.8m | £327.0m | £318.7m | £325.7m | £320.1m | £323.4m |
| Shareholders' equity | £99.9m | £120.5m | £148.1m | £179.8m | £215.1m | £228.5m | £273.1m | £267.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.9% | 6.7% | 0.1% |
| Operating income | -23.9% | — | -9.2% |
| Net income | — | -20.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.3% | 24.9% | 25.1% | 25.6% |
| Operating margin | 0.4% | 0.7% | -0.5% | -0.3% |
| Net margin | -2.2% | -1.3% | -2.5% | -2.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -1.8 | -3.9 | -8.9 | 21.9 | -19.8 | -1.9 | -5.8 | 169.0 | -16.7 | -4.8 |
| Price to sales | 0.0 | 0.1 | 0.1 | 0.1 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 3 Oct 2019.
| FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.036 | 0.036 | 0.03 | 0.046 | 0.05 | 0.041 | 0.034 | 0.027 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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