S 
293.00p
-1.51%
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
£1.30bn
FY2016FY2025
Net income
£17.7m
FY2016FY2025
Free cash flow
£56.2m
FY2016FY2025
Shareholders' equity
£235.1m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.30bn | £1.49bn | £1.66bn | £1.64bn | £1.33bn | £1.20bn | £1.32bn | £1.26bn | £1.11bn | £959.9m |
| Gross profit | £305.0m | £369.1m | £418.8m | £411.7m | £338.0m | £289.5m | £332.0m | £321.1m | £287.7m | £258.7m |
| Research and development | £224,000 | £1.6m | — | £715,000 | £2.6m | £3.9m | £2.9m | £3.5m | £3.2m | £3.0m |
| Operating income | £26.9m | £66.2m | £78.4m | £77.6m | £61.0m | £37.9m | £57.4m | £53.9m | £44.9m | £41.3m |
| Net income | £17.7m | £49.7m | £56.1m | £54.2m | £42.0m | £17.0m | £41.3m | £34.3m | £27.6m | £27.2m |
| Diluted earnings per share | 0.14 | 0.37 | 0.42 | 0.40 | 0.31 | 0.12 | 0.31 | 0.26 | 0.21 | 0.21 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £483.4m | £506.7m | £472.3m | £470.4m | £400.6m | £338.4m | £305.5m | £360.5m | £273.5m | £231.5m |
| Cash and short-term investments | £68.0m | £69.8m | £83.2m | £65.8m | £57.5m | £50.4m | £15.1m | £50.8m | £21.3m | £15.7m |
| Total liabilities | £248.3m | £258.1m | £249.4m | £270.1m | £242.5m | £209.9m | £188.7m | £258.8m | £192.8m | £155.8m |
| Debt | £84.5m | £39.9m | £29.0m | £34.1m | £35.1m | £36.0m | £4.5m | £54.9m | £15.7m | £5.7m |
| Shareholders' equity | £235.1m | £248.6m | £222.9m | £200.4m | £158.2m | £128.5m | £116.8m | £101.7m | £80.7m | £75.7m |
| Shares outstanding | 130m | 133m | 135m | 135m | 138m | 137m | 133m | 132m | 132m | 131m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £59.6m | £39.7m | £76.0m | £45.6m | £37.8m | £66.5m | £40.2m | £15.7m | £29.3m | £33.8m |
| Capital spending | −£3.4m | −£6.8m | −£8.2m | −£3.7m | −£2.6m | −£5.3m | −£4.6m | −£3.2m | −£2.4m | −£3.2m |
| Free cash flow | £56.2m | £32.8m | £67.8m | £41.9m | £35.1m | £61.2m | £35.7m | £12.6m | £26.9m | £30.6m |
| Dividends paid | −£18.6m | −£15.9m | −£27.5m | −£14.8m | −£6.7m | −£6.7m | −£19.0m | −£18.1m | −£18.1m | −£18.1m |
Latest quarters
By quarter end
| May 2026 | Nov 2025 | May 2025 | Nov 2024 | May 2024 | Nov 2023 | May 2023 | Feb 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £598.8m | £653.4m | £648.8m | £729.5m | £763.4m | £838.0m | £825.2m | £412.6m |
| Gross profit | £139.1m | £146.0m | £159.1m | £180.3m | £188.7m | £202.3m | £200.6m | £104.3m |
| Operating income | £4.2m | £17.0m | £10.0m | £28.5m | £37.7m | £38.9m | £39.5m | £19.6m |
| Net income | £2.6m | £10.5m | £7.2m | £21.6m | £28.1m | £28.4m | £27.7m | £13.8m |
| Diluted earnings per share | 0.02 | 0.08 | 0.06 | 0.16 | 0.21 | 0.21 | 0.21 | 0.10 |
| Cash from operations | — | £43.0m | £16.0m | £6.0m | £31.0m | £30.0m | £45.0m | — |
| Capital spending | −£2.0m | — | −£2.0m | −£4.0m | −£2.0m | −£5.0m | −£3.0m | — |
| Free cash flow | — | — | £14.0m | £2.0m | £29.0m | £25.0m | £42.0m | — |
| Total assets | £422.9m | £483.4m | £443.3m | £506.7m | £468.2m | £472.3m | £436.6m | £436.6m |
| Cash and short-term investments | £43.0m | £68.0m | £47.9m | £69.8m | £90.0m | £83.2m | £74.2m | £74.2m |
| Debt | £9.8m | £10.5m | £10.4m | £10.5m | £10.6m | £11.3m | £11.2m | £21.2m |
| Shareholders' equity | £210.8m | £235.1m | £216.3m | £248.6m | £226.8m | £222.9m | £197.9m | £197.9m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.4% | 1.6% | 4.4% |
| Operating income | -29.7% | -6.6% | -4.2% |
| Net income | -31.2% | 0.8% | -4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.1% | 24.7% | 24.7% | 25.2% |
| Operating margin | 3.3% | 4.1% | 4.0% | 4.2% |
| Net margin | 2.4% | 2.9% | 2.7% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.1 | 7.9 | 10.0 | 10.0 | 15.2 | 24.1 | 12.2 | 11.0 | 17.6 | 14.9 |
| Price to sales | 0.2 | 0.3 | 0.3 | 0.3 | 0.5 | 0.3 | 0.4 | 0.3 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 14 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.092 | 0.143 | 0.167 | 0.16 | 0.13 | 0.08 | 0.149 | 0.14 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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