S 
245.00p
-0.61%
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
£48.5m
FY2016FY2025
Net income
−£8.0m
FY2016FY2025
Free cash flow
£5.0m
FY2016FY2025
Shareholders' equity
£381.9m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £48.5m | £37.2m | £24.6m | £58.2m | £86.4m | −£45.6m | £5.7m | −£7.1m | £50.9m | £75.7m |
| Research and development | — | — | £1 | £1 | £2 | £95 | £0 | £0 | £1 | £4 |
| Operating income | −£8.0m | £75.0m | £24.0m | £32.5m | £85.5m | −£46.4m | £4.9m | −£8.0m | £50.0m | £75.6m |
| Net income | −£8.0m | £62.2m | £20.4m | £29.0m | £77.9m | −£47.4m | £4.1m | −£9.4m | £48.5m | £74.7m |
| Diluted earnings per share | -0.07 | 0.52 | 0.84 | 1.17 | 2.92 | -1.65 | 0.14 | -0.31 | 1.57 | 2.41 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £417.2m | £450.6m | £391.8m | £377.4m | £382.2m | £290.8m | £362.2m | £346.3m | £373.3m | £352.5m |
| Cash and short-term investments | £6.7m | £38.0m | £18.1m | £7.5m | £17.5m | £22.5m | £40.9m | £19.0m | £32.8m | £47.4m |
| Total liabilities | £35.3m | £47.5m | £37.2m | £34.2m | £36.7m | £1.4m | £16.1m | £870,000 | £4.0m | £27.7m |
| Debt | £29.9m | £29.8m | £29.8m | £29.8m | £29.8m | — | — | — | — | £20.0m |
| Shareholders' equity | £381.9m | £403.1m | £354.6m | £343.2m | £345.5m | £289.4m | £346.1m | £345.4m | £369.3m | £324.8m |
| Shares outstanding | 115m | 119m | 24m | 25m | 27m | 29m | 30m | 30m | 31m | 31m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £5.0m | £5.5m | £4.7m | £4.9m | −£12.9m | −£5.4m | £24.1m | £2.0m | £10.6m | £21.2m |
| Free cash flow | £5.0m | £5.5m | £4.7m | £4.9m | −£12.9m | −£5.4m | £24.1m | £2.0m | £10.6m | £21.2m |
| Dividends paid | −£5.1m | −£3.1m | −£3.5m | −£3.1m | −£3.3m | −£3.4m | −£3.4m | −£3.6m | −£3.6m | −£3.6m |
Latest quarters
By quarter end
| Feb 2026 | Aug 2025 | Feb 2025 | Aug 2024 | Feb 2024 | Nov 2023 | Aug 2023 | May 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −£8.0m | £53.5m | −£5.0m | £47.9m | £32.0m | £16.0m | £21.9m | £10.9m |
| Operating income | −£9.9m | −£998,000 | −£7.0m | £45.9m | £30.2m | £15.1m | £20.0m | £10.0m |
| Net income | −£9.6m | −£4.1m | −£3.9m | £37.1m | £25.1m | £12.5m | £15.5m | £7.8m |
| Diluted earnings per share | -0.08 | -0.04 | -0.03 | 0.31 | 0.21 | 0.52 | 0.64 | 0.32 |
| Cash from operations | — | £4.0m | — | £5.0m | — | — | £2.0m | £1.0m |
| Total assets | £392.3m | £417.2m | £420.5m | £450.6m | £407.0m | £407.0m | £391.8m | £391.8m |
| Cash and short-term investments | — | £6.7m | — | £38.0m | £19.0m | £19.0m | £18.1m | £18.1m |
| Shareholders' equity | £361.8m | £381.9m | £388.9m | £403.1m | £34.3m | £371.3m | £354.6m | £354.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.9% | — | — |
| Operating income | — | -29.7% | -9.3% |
| Net income | — | -30.0% | -9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 78.2% | 73.3% | 77.6% | 84.1% |
| Net margin | 63.2% | 61.4% | 64.0% | 73.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -39.8 | 5.8 | 3.1 | 2.0 | 0.8 | -1.2 | 14.5 | -6.2 | 1.4 | 0.8 |
| Price to sales | 6.5 | 9.6 | 2.6 | 1.0 | 0.7 | -1.2 | 10.4 | -8.1 | 1.3 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 1 years. Last went ex-dividend on 8 Jan 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.034 | 0.044 | 0.026 | 0.028 | 0.023 | 0.023 | 0.023 | 0.023 |
- 5-for-1 split · 28 Feb 2025
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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