T 
119.80p
-0.17%
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
£72.1m
FY2017FY2026
Net income
£82.6m
FY2017FY2026
Free cash flow
—
FY2017FY2026
Shareholders' equity
£757.9m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £72.1m | £72.9m | £78.5m | −£3.3m | £55.5m | £49.2m | £35.9m | £32.6m | £28.4m | £23.1m |
| Gross profit | £63.5m | £64.8m | £78.5m | −£3.3m | £55.5m | £49.2m | £35.9m | £32.6m | £24.6m | £19.3m |
| Research and development | — | — | — | £0 | £1 | £1 | £1 | £1 | £1 | £1 |
| Operating income | £60.9m | £59.6m | £73.0m | −£6.6m | £55.7m | £43.9m | £31.6m | £33.0m | £25.2m | £19.3m |
| Net income | £82.6m | £60.8m | £73.0m | −£6.6m | £49.1m | £43.9m | £31.6m | £29.9m | £27.6m | £19.1m |
| Diluted earnings per share | 0.13 | 0.10 | 0.12 | -0.01 | 0.08 | 0.08 | 0.07 | 0.07 | 0.08 | 0.08 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £989.5m | £986.2m | £967.4m | £908.3m | £963.7m | £718.4m | £663.8m | £538.4m | £434.8m | £306.2m |
| Cash and short-term investments | £50.9m | £39.6m | £38.9m | £15.4m | £34.5m | £21.1m | £36.4m | £26.9m | £41.4m | £10.4m |
| Total liabilities | £231.6m | £273.7m | £278.1m | £253.4m | £264.9m | £153.2m | £169.7m | £125.3m | £76.2m | £49.3m |
| Debt | £197.7m | £240.3m | £240.7m | £227.1m | £231.4m | £127.9m | £150.1m | £106.4m | £64.2m | £39.3m |
| Shareholders' equity | £757.9m | £712.5m | £689.3m | £654.8m | £698.8m | £565.2m | £494.1m | £413.1m | £358.6m | £256.9m |
| Shares outstanding | 620m | 620m | 620m | 620m | 620m | 578m | 457m | 423m | 353m | 252m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £44.8m | £41.1m | £42.3m | £29.7m | £30.4m | £25.0m | £21.5m | £18.2m | £22.1m | £3.2m |
| Capital spending | −£44.8m | — | — | — | — | −£714,000 | −£570,000 | −£876,000 | −£697,000 | −£61.1m |
| Free cash flow | — | £41.1m | £42.3m | £29.7m | £30.4m | £24.2m | £20.9m | £17.3m | £21.4m | −£57.8m |
| Dividends paid | −£37.1m | −£36.1m | −£35.2m | −£40.3m | −£39.8m | −£31.5m | −£29.2m | −£23.6m | −£17.4m | −£15.6m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Dec 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £35.1m | £36.9m | £37.7m | £35.3m | £35.5m | £34.1m | £33.7m | £16.9m |
| Gross profit | £30.5m | £32.9m | £33.5m | £31.4m | £35.5m | £30.4m | £30.1m | £16.9m |
| Operating income | £28.7m | £32.3m | £30.0m | £29.6m | £29.4m | £28.6m | £28.3m | £13.8m |
| Net income | £35.5m | £47.0m | £30.9m | £30.0m | £42.3m | £30.8m | £27.6m | £13.8m |
| Diluted earnings per share | 0.06 | 0.08 | 0.05 | 0.05 | 0.07 | 0.05 | 0.04 | 0.02 |
| Cash from operations | £20.0m | £24.0m | £19.0m | £21.0m | £19.0m | £22.0m | £7.0m | £7.0m |
| Capital spending | −£20.0m | — | — | — | — | — | — | — |
| Free cash flow | £0 | — | — | — | — | — | — | — |
| Total assets | £989.5m | £976.5m | £986.2m | £980.3m | £967.4m | £946.7m | £908.3m | £908.3m |
| Cash and short-term investments | £50.9m | £67.2m | £39.6m | £37.9m | £38.9m | £17.6m | £19.7m | £15.4m |
| Debt | — | — | £91.9m | £97.6m | — | £1.8m | £1.8m | — |
| Shareholders' equity | £757.9m | £740.3m | £712.5m | £700.5m | £689.3m | £665.1m | £654.8m | £304.5m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | — | 7.9% | 15.6% |
| Operating income | — | 6.8% | 16.5% |
| Net income | — | 13.5% | 21.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 88.5% | 92.4% | 94.9% | 94.2% |
| Operating margin | 83.1% | 84.9% | 88.2% | 88.6% |
| Net margin | 98.9% | 95.3% | 93.2% | 91.6% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 8.9 | 9.9 | 7.1 | -81.5 | 10.1 | 15.6 | 16.5 | 16.4 | 13.8 | 14.8 |
| Price to sales | 10.3 | 8.3 | 6.6 | -164.1 | 9.0 | 13.9 | 14.5 | 15.1 | 13.4 | 12.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 13 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.015 | 0.06 | 0.058 | 0.057 | 0.065 | 0.066 | 0.051 | 0.067 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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