S 
68.40p
-2.29%
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
£1.06bn
FY2016FY2025
Net income
£28.3m
FY2016FY2025
Free cash flow
£42.7m
FY2016FY2025
Shareholders' equity
£9.5m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.06bn | £1.10bn | £1.09bn | £1.09bn | £1.11bn | £1.16bn | £1.47bn | £1.53bn | £1.59bn | £1.91bn |
| Research and development | — | £400,000 | £200,000 | £300,000 | £400,000 | £400,000 | £600,000 | £1.4m | £1.4m | £1.8m |
| Operating income | £41.3m | £40.0m | £38.3m | £32.4m | £35.8m | £35.5m | £21.2m | −£30.0m | £41.7m | £48.9m |
| Net income | £28.3m | £25.5m | £25.1m | £23.4m | £26.3m | £12.0m | −£31.5m | −£47.0m | £36.6m | £33.4m |
| Diluted earnings per share | 0.11 | 0.11 | 0.10 | 0.09 | 0.10 | 0.05 | -0.13 | -0.19 | 0.15 | 0.14 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £174.0m | £179.6m | £195.3m | £189.4m | £186.2m | £232.4m | £212.7m | £208.5m | £339.9m | £417.9m |
| Cash and short-term investments | £8.2m | £7.0m | £37.3m | £35.3m | £19.3m | £50.6m | £24.0m | £18.0m | £5.5m | £9.1m |
| Total liabilities | £164.5m | £182.9m | £211.6m | £221.4m | £243.9m | £314.0m | £287.0m | £254.4m | £314.8m | £404.9m |
| Debt | £32.2m | £48.5m | £63.4m | £74.7m | £100.5m | £163.5m | £97.8m | £101.3m | £88.5m | £150.8m |
| Shareholders' equity | £9.5m | −£3.3m | −£16.3m | −£32.0m | −£57.7m | −£81.6m | −£74.3m | −£45.9m | £25.1m | £13.0m |
| Shares outstanding | 250m | 240m | 251m | 252m | 254m | 245m | 246m | 246m | 246m | 245m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £46.6m | £18.1m | £36.4m | £49.8m | £41.4m | £23.4m | £23.0m | £37.5m | £51.2m | £58.2m |
| Capital spending | −£3.9m | −£3.4m | −£3.4m | −£2.0m | −£2.4m | −£9.3m | −£8.6m | −£8.5m | −£18.8m | −£13.9m |
| Free cash flow | £42.7m | £14.7m | £33.0m | £47.8m | £39.0m | £14.1m | £14.4m | £29.0m | £32.4m | £44.3m |
| Dividends paid | −£17.4m | −£10.8m | −£9.8m | −£6.1m | −£1.2m | −£2.4m | −£2.4m | −£24.1m | −£23.6m | −£22.7m |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Mar 2025 | Aug 2024 | Feb 2024 | Aug 2023 | May 2023 | Feb 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £515.7m | £527.6m | £536.4m | £563.9m | £539.8m | £541.8m | £270.9m | £550.1m |
| Operating income | £18.1m | £19.8m | £20.0m | £21.4m | £18.7m | £18.4m | £7.7m | £20.3m |
| Net income | £12.2m | £14.8m | £13.5m | £13.9m | £11.6m | £11.8m | £5.9m | £13.3m |
| Diluted earnings per share | 0.05 | 0.06 | 0.05 | 0.06 | 0.05 | 0.05 | 0.02 | 0.05 |
| Cash from operations | £24.0m | £27.0m | £18.0m | £9.0m | £11.0m | £26.0m | — | £5.0m |
| Capital spending | — | −£1.0m | −£1.0m | −£1.0m | −£1.0m | −£1.0m | — | −£2.0m |
| Free cash flow | — | £26.0m | £17.0m | £8.0m | £10.0m | £25.0m | — | £3.0m |
| Total assets | £169.6m | £174.0m | £173.1m | £179.6m | £181.9m | £195.3m | £195.3m | £187.0m |
| Cash and short-term investments | £10.5m | £8.2m | £6.3m | £7.0m | £16.5m | £37.3m | £37.3m | £23.6m |
| Debt | £6.2m | £26.6m | £23.8m | £23.1m | £48.9m | £45.1m | £48.5m | £50.0m |
| Shareholders' equity | £5.9m | £9.5m | −£1.9m | −£3.3m | −£13.9m | −£16.3m | −£16.3m | −£25.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -0.8% | -1.8% | -5.5% |
| Operating income | 8.4% | 3.1% | 1.3% |
| Net income | 6.5% | 18.7% | 2.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.8% | 3.5% | 3.4% | 2.3% |
| Net margin | 2.5% | 2.4% | 2.1% | 1.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.7 | 6.3 | 5.3 | 5.0 | 3.6 | 6.0 | -2.8 | -2.2 | 4.2 | 6.2 |
| Price to sales | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 4 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.056 | 0.052 | 0.045 | 0.042 | 0.037 | 0.005 | 0.01 | 0.098 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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