G 
122.40p
+1.32%
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
£400.2m
FY2016FY2025
Net income
−£192.6m
FY2016FY2025
Free cash flow
—
FY2016FY2025
Shareholders' equity
£2.88bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | £400.2m | £234.4m | £966.3m | £377.0m | £118.6m | £55.8m | £208.5m | £66.1m | £65.4m |
| Research and development | — | £0 | £2 | £1 | £1 | £0 | £2 | £1 | £1 |
| Operating income | −£98.6m | £194.0m | £981.4m | £363.2m | £105.0m | £66.7m | £211.2m | £64.5m | £67.5m |
| Net income | −£192.6m | £126.2m | £953.9m | £363.2m | £104.4m | £43.3m | £202.4m | £59.9m | £61.4m |
| Diluted earnings per share | -0.09 | 0.05 | 0.41 | 0.18 | 0.03 | 0.03 | 0.10 | 0.03 | 0.03 |
Balance sheet
At each fiscal year end
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | £4.64bn | £5.60bn | £4.98bn | £4.05bn | £3.34bn | £2.45bn | £1.88bn | £1.41bn | £904.5m |
| Cash and short-term investments | £14.2m | £21.8m | £19.8m | £4.8m | £7.9m | £24.7m | £3.4m | £5.9m | £5.9m |
| Total liabilities | £1.75bn | £1.81bn | £1.11bn | £956.3m | £1.11bn | £605.8m | £483.4m | £269.1m | £104.4m |
| Debt | £1.72bn | £1.79bn | £1.10bn | £950.0m | £1.10bn | £600.0m | £480.0m | £265.0m | £100.0m |
| Shareholders' equity | £2.88bn | £3.79bn | £3.87bn | £3.09bn | £2.23bn | £1.84bn | £1.39bn | £1.14bn | £800.1m |
| Shares outstanding | 2,159m | 2,317m | 2,318m | 2,010m | 3,341m | 1,520m | 1,985m | 1,985m | 1,985m |
Cash flow
Fiscal years
| FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £273.9m | £359.8m | £545.9m | £242.3m | £123.1m | £135.4m | £101.8m | £60.1m | £52.2m |
| Capital spending | −£273.9m | — | — | — | — | — | — | — | — |
| Free cash flow | — | £359.8m | £545.9m | £242.3m | £123.1m | £135.4m | £101.8m | £60.1m | £52.2m |
| Dividends paid | −£227.0m | −£197.0m | −£175.8m | −£138.8m | −£112.6m | −£93.2m | −£72.3m | −£52.3m | −£35.1m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £255.0m | £180.8m | £12.8m | £180.2m | £86.0m | £43.0m | £186.9m | £64.0m |
| Operating income | £172.2m | −£75.5m | −£2.5m | −£17.3m | £67.1m | £33.6m | £106.6m | £53.3m |
| Net income | £127.2m | −£120.2m | −£72.4m | −£74.5m | £19.1m | £9.5m | £60.7m | £30.4m |
| Diluted earnings per share | 0.06 | -0.06 | -0.03 | -0.03 | 0.01 | 0.00 | 0.03 | 0.01 |
| Cash from operations | £197.0m | £119.0m | £153.0m | £134.0m | £203.0m | £101.0m | £94.0m | £69.0m |
| Capital spending | — | −£119.0m | — | — | — | — | — | — |
| Free cash flow | — | £0 | — | — | — | — | — | — |
| Total assets | £4.61bn | £4.64bn | £4.98bn | £5.19bn | £5.44bn | £5.44bn | £5.60bn | £5.60bn |
| Cash and short-term investments | £69.0m | £14.2m | £9.6m | £188,000 | £8.0m | £8.0m | £21.8m | £21.8m |
| Debt | £150.0m | £200.0m | — | — | £550.0m | £550.0m | £500.0m | £500.0m |
| Shareholders' equity | £2.89bn | £2.88bn | £3.18bn | £3.41bn | £3.63bn | £3.63bn | £3.79bn | £3.79bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -25.5% | 27.5% | 27.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -35.4% | 66.7% | 73.4% | 78.6% |
| Net margin | -67.7% | 53.1% | 63.0% | 68.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -11.0 | -51.9 | 27.8 | 3.7 | 7.8 | 42.9 | 52.7 | 12.3 | 40.7 | 38.6 |
| Price to sales | 5.3 | -85.6 | 15.0 | 3.6 | 7.5 | 37.8 | 40.9 | 12.0 | 36.8 | 36.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 13 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.08 | 0.103 | 0.109 | 0.085 | 0.076 | 0.072 | 0.071 | 0.069 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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