S 
231.50p
+0.65%
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
−£8.3m
FY2017FY2026
Net income
−£11.8m
FY2017FY2026
Free cash flow
£24.5m
FY2017FY2026
Shareholders' equity
£254.4m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | −£8.3m | £32.5m | £13.4m | −£3.2m | £35.1m | £49.7m | −£13.6m | £21.5m | −£801,000 | £43.8m |
| Operating income | −£10.3m | £30.8m | £11.5m | −£3.8m | £35.0m | £49.1m | −£13.6m | £21.4m | −£918,000 | £43.7m |
| Net income | −£11.8m | £30.1m | £10.4m | −£4.4m | £33.9m | £48.1m | −£15.1m | £20.2m | −£2.1m | £42.6m |
| Diluted earnings per share | -0.10 | 0.25 | 0.08 | -0.05 | 0.34 | 0.48 | -0.14 | 0.19 | -0.02 | 0.38 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £270.2m | £310.8m | £391.1m | £237.0m | £246.5m | £223.8m | £198.2m | £218.6m | £214.4m | £225.5m |
| Cash and short-term investments | £3.3m | £1.5m | £6.4m | £1.6m | £865,000 | £825,000 | £5.1m | £5.1m | £7.1m | £2.9m |
| Total liabilities | £15.7m | £16.2m | £76.8m | £17.8m | £16.9m | £16.1m | £27.7m | £27.2m | £26.7m | £26.0m |
| Debt | £15.1m | £15.1m | £15.4m | £15.8m | £15.0m | £14.6m | £25.8m | £25.2m | £24.5m | £25.5m |
| Shareholders' equity | £254.4m | £294.5m | £314.4m | £219.2m | £229.7m | £207.7m | £170.5m | £191.5m | £187.8m | £199.5m |
| Shares outstanding | 114m | 119m | 133m | 92m | 100m | 100m | 104m | 104m | 105m | 112m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £31.1m | £47.6m | £31.1m | £7.2m | £12.5m | £17.0m | £6.7m | £16.7m | £11.6m | £1.4m |
| Capital spending | −£6.6m | — | — | — | — | — | — | — | — | — |
| Free cash flow | £24.5m | £47.6m | £31.1m | £7.2m | £12.5m | £17.0m | £6.7m | £16.7m | £11.6m | £1.4m |
| Dividends paid | −£11.1m | −£7.8m | −£6.0m | −£6.0m | −£5.8m | −£6.5m | −£6.5m | −£6.5m | −£5.0m | −£6.5m |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Dec 2023 | Sept 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | −£15.0m | £6.8m | £21.6m | £11.7m | £10.6m | £5.3m | £2.8m | £1.4m |
| Operating income | −£16.1m | £5.8m | £20.6m | £10.9m | £9.6m | £4.8m | £1.8m | £918,500 |
| Net income | −£17.2m | £5.4m | £19.3m | £10.8m | £9.1m | £4.5m | £1.3m | £660,500 |
| Diluted earnings per share | -0.15 | 0.05 | 0.16 | 0.08 | 0.07 | 0.05 | 0.01 | 0.01 |
| Cash from operations | £3.0m | £15.0m | £21.0m | £26.0m | £15.0m | £7.0m | £15.0m | £7.0m |
| Capital spending | −£3.0m | — | — | — | — | — | — | — |
| Free cash flow | £0 | — | — | — | — | — | — | — |
| Total assets | £270.2m | £299.1m | £310.8m | £311.3m | £391.1m | £391.1m | £223.3m | £223.3m |
| Cash and short-term investments | £3.3m | £433,000 | £1.5m | £695,000 | £6.4m | £6.4m | £2.2m | £2.2m |
| Debt | £15.1m | — | — | £14.8m | £15.4m | £15.4m | £15.9m | £15.9m |
| Shareholders' equity | £254.4m | £283.6m | £294.5m | £295.7m | £314.4m | £314.4m | £206.7m | £206.7m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 37.7% | — | 16.9% |
| Operating income | 39.5% | — | 17.0% |
| Net income | 39.2% | — | 14.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 84.6% | 81.7% | 94.2% | 95.4% |
| Net margin | 75.7% | 70.7% | 89.2% | 88.4% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -22.6 | 9.4 | 29.6 | -45.7 | 6.6 | 4.8 | -14.2 | 10.7 | -76.3 | 4.5 |
| Price to sales | -32.2 | 8.7 | 22.9 | -62.9 | 6.4 | 4.7 | -15.8 | 10.1 | -201.1 | 4.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 36 years. Last went ex-dividend on 8 Oct 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.043 | 0.099 | 0.063 | 0.069 | 0.061 | 0.057 | 0.062 | 0.063 |
- 1-to-1 reverse split · 27 Jun 2005
- 2-for-1 split · 3 Jul 1989
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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