S 
108.40p
-0.55%
Close of 9 Nov 2026, in pence
Search any instrument
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
£1.74bn
FY2016FY2025
Net income
−£157.0m
FY2016FY2025
Free cash flow
£36.6m
FY2016FY2025
Shareholders' equity
£900.8m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.74bn | £1.99bn | £1.97bn | £2.33bn | £2.14bn | £1.64bn | £1.46bn | £1.62bn | £1.48bn | £1.05bn |
| Gross profit | £167.4m | £337.7m | £307.3m | £281.0m | £569.7m | £336.7m | £213.0m | £293.8m | £284.8m | £252.6m |
| Research and development | — | £32.7m | £34.0m | £32.0m | £28.9m | £25.8m | £16.6m | £17.1m | £18.3m | £15.0m |
| Operating income | −£6.3m | −£13.4m | −£35.4m | £121.3m | £296.5m | £58.4m | £107.4m | £122.1m | £91.1m | £138.9m |
| Net income | −£157.0m | −£72.6m | −£67.0m | −£32.5m | £208.7m | £3.1m | £84.6m | £99.8m | £74.0m | £110.4m |
| Diluted earnings per share | -0.96 | -0.44 | -0.90 | -0.51 | 3.29 | 0.05 | 1.26 | 5.85 | 4.33 | 6.45 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.28bn | £2.54bn | £2.71bn | £3.15bn | £2.55bn | £2.13bn | £1.26bn | £1.28bn | £1.20bn | £1.10bn |
| Cash and short-term investments | £189.9m | £225.8m | £371.3m | £227.7m | £505.3m | £201.8m | £103.6m | £96.9m | £89.6m | £117.4m |
| Total liabilities | £1.37bn | £1.43bn | £1.54bn | £2.11bn | £1.52bn | £1.50bn | £588.9m | £799.4m | £794.5m | £751.4m |
| Debt | £818.5m | £878.7m | £926.3m | £1.30bn | £663.0m | £719.0m | £124.8m | £310.9m | £270.1m | £267.7m |
| Shareholders' equity | £900.8m | £1.09bn | £1.15bn | £1.02bn | £1.02bn | £615.0m | £649.4m | £463.9m | £387.9m | £326.2m |
| Shares outstanding | 164m | 163m | 75m | 63m | 63m | 58m | 67m | 17m | 17m | 17m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £124.3m | −£33.5m | £150.0m | £133.9m | £273.5m | £186.8m | £151.9m | £97.4m | £131.7m | £136.6m |
| Capital spending | −£87.7m | −£90.6m | −£84.0m | −£90.8m | −£82.2m | −£53.8m | −£69.1m | −£75.7m | −£60.3m | −£45.6m |
| Free cash flow | £36.6m | −£124.1m | £66.0m | £43.1m | £191.3m | £133.0m | £82.8m | £21.7m | £71.4m | £91.0m |
| Dividends paid | — | — | — | −£99.5m | −£73.5m | −£12.8m | −£47.9m | −£42.5m | −£39.1m | −£30.3m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Dec 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £954.3m | £814.0m | £925.2m | £935.7m | £1.05bn | £895.6m | £1.08bn | £1.05bn |
| Gross profit | £132.7m | £140.1m | £27.3m | £309.6m | £28.1m | £284.6m | £22.7m | £234.4m |
| Operating income | £24.8m | −£50.2m | −£1.0m | −£21.9m | −£2.2m | −£25.9m | −£9.5m | −£138.6m |
| Net income | −£5.1m | −£115.3m | −£41.7m | −£41.9m | −£30.7m | −£54.9m | −£12.1m | −£117.9m |
| Diluted earnings per share | -0.03 | -0.70 | -0.25 | -0.26 | -0.19 | -0.74 | -0.16 | -1.86 |
| Cash from operations | −£54.0m | £119.0m | £4.0m | £10.0m | −£43.0m | £102.0m | £49.0m | £172.0m |
| Capital spending | −£39.0m | −£42.0m | −£45.0m | −£52.0m | −£38.0m | −£50.0m | −£33.0m | −£57.0m |
| Free cash flow | −£93.0m | £77.0m | −£41.0m | −£42.0m | −£81.0m | £52.0m | £16.0m | £115.0m |
| Total assets | £2.40bn | £2.28bn | £2.45bn | £2.54bn | £2.62bn | £2.71bn | £2.68bn | £3.15bn |
| Cash and short-term investments | £182.6m | £189.9m | £266.4m | £225.8m | £273.3m | £371.3m | £232.9m | £227.7m |
| Debt | £14.7m | £783.7m | £915.3m | £835.1m | £846.4m | £884.8m | £1.04bn | £1.26bn |
| Shareholders' equity | £914.4m | £900.8m | £983.7m | £1.09bn | £1.13bn | £1.15bn | £950.4m | £1.02bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -9.3% | 1.1% | 7.2% |
| Net income | 69.0% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 13.6% | 13.6% | 16.9% | 17.7% |
| Operating margin | -0.5% | 0.8% | 3.6% | 5.3% |
| Net margin | -6.2% | -4.1% | -1.0% | 1.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.3 | -1.9 | -1.1 | -10.6 | 4.6 | 316.0 | 10.6 | 2.1 | 4.0 | 2.1 |
| Price to sales | 0.0 | 0.1 | 0.0 | 0.1 | 0.5 | 0.6 | 0.6 | 0.1 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 1 Jun 2022.
| FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.043 | 0.035 | 0.006 | 0.026 | 0.025 | 0.023 | 0.018 | 0.024 |
- 20-to-1 reverse split · 26 Sept 2023
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.