T 
40.02p
+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
£1.75bn
FY2016FY2024
Net income
−£326.1m
FY2016FY2024
Free cash flow
−£93.8m
FY2016FY2024
Shareholders' equity
£305.8m
FY2016FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.75bn | £1.88bn | £2.24bn | £2.18bn | £1.61bn | £1.14bn | £915.8m | £735.7m | £501.4m |
| Gross profit | £727.2m | £812.6m | £905.5m | £954.4m | £713.2m | £496.8m | £417.5m | £318.5m | £211.2m |
| Research and development | — | — | £42.1m | £40.2m | — | — | — | — | — |
| Operating income | −£23.4m | −£7.6m | −£149.8m | −£8.2m | −£286.1m | £6.3m | £16.6m | −£4.0m | £16.6m |
| Net income | −£326.1m | −£248.4m | −£540.0m | −£138.1m | −£532.6m | −£44.2m | £804,000 | −£10.1m | £10.8m |
| Diluted earnings per share | -0.23 | -0.19 | -0.49 | -0.13 | -0.66 | -0.04 | 0.00 | -0.01 | 0.01 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.55bn | £2.78bn | £3.09bn | £3.42bn | £2.45bn | £1.62bn | £1.22bn | £938.9m | £626.4m |
| Cash and short-term investments | £309.3m | £418.1m | £473.8m | £536.8m | £773.6m | £312.2m | £234.8m | £186.7m | £174.3m |
| Total liabilities | £2.24bn | £1.76bn | £1.79bn | £1.67bn | £1.30bn | £1.16bn | £836.1m | £619.7m | £482.9m |
| Debt | £645.9m | £995.0m | £1.01bn | £839.0m | £762.3m | £788.6m | £528.6m | £406.7m | £308.2m |
| Shareholders' equity | £305.8m | £1.02bn | £1.30bn | £1.76bn | £1.14bn | £467.7m | £385.1m | £319.2m | £143.5m |
| Shares outstanding | 1,369m | 1,297m | 1,099m | 1,099m | 804m | 1,084m | 1,084m | 1,084m | 1,084m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £7.5m | £141.8m | £37.7m | £23.3m | £75.6m | £54.1m | £45.0m | £16.4m | £75.0m |
| Capital spending | −£101.3m | −£125.7m | −£176.4m | −£189.2m | −£239.4m | −£180.3m | −£79.3m | −£71.6m | −£151.1m |
| Free cash flow | −£93.8m | £16.1m | −£138.7m | −£165.8m | −£163.8m | −£126.1m | −£34.3m | −£55.2m | −£76.1m |
Latest quarters
By quarter end
| Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sept 2022 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £783.4m | £817.4m | £848.1m | £910.6m | £969.3m | £484.6m | £1.16bn | £581.2m |
| Gross profit | £321.9m | £322.2m | £360.0m | £390.0m | £407.4m | £207.3m | £437.4m | £231.5m |
| Operating income | −£24.7m | £15.9m | −£16.0m | £52.4m | −£75.2m | −£61.1m | −£115.6m | −£62.1m |
| Net income | £76.3m | −£204.9m | −£121.2m | −£115.3m | −£133.1m | −£66.5m | −£433.6m | −£216.8m |
| Diluted earnings per share | 0.06 | -0.16 | -0.08 | -0.09 | -0.10 | -0.05 | -0.43 | -0.17 |
| Cash from operations | −£40.0m | £44.0m | −£37.0m | £162.0m | −£20.0m | — | £191.0m | — |
| Capital spending | −£10.0m | −£47.0m | −£53.0m | −£53.0m | −£72.0m | — | −£90.0m | — |
| Free cash flow | −£50.0m | −£3.0m | −£90.0m | £109.0m | −£92.0m | — | £101.0m | — |
| Total assets | £1.62bn | £2.55bn | £2.58bn | £2.78bn | £2.82bn | £2.82bn | £3.09bn | £3.09bn |
| Cash and short-term investments | £146.3m | £309.3m | £293.0m | £418.1m | £397.8m | £392.6m | £474.1m | £473.8m |
| Debt | £537.8m | £522.9m | £896.7m | £922.5m | £907.7m | £907.7m | £938.6m | £938.6m |
| Shareholders' equity | £424.1m | £305.8m | £913.2m | £1.02bn | £1.16bn | £1.16bn | £1.30bn | £1.30bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -7.0% | 9.0% | — |
| Operating income | 41.7% | — | — |
| Net income | 33.2% | 49.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 42.4% | 42.2% | 42.7% | — |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|
| Price to earnings | -1.9 | -4.5 | -0.9 | -18.2 | -11.8 |
| Price to sales | 0.3 | 0.6 | 0.2 | 1.2 | 3.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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