V 
43.05p
-4.12%
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, before interest expense
£605.7m
FY2016FY2025
Net income
£8.7m
FY2016FY2025
Total assets
£3.94bn
FY2016FY2025
Shareholders' equity
£487.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £605.7m | £458.5m | £599.2m | £539.5m | £534.6m | £615.4m | £579.6m | £621.4m | £1.12bn | £1.10bn |
| Research and development | — | — | £800,000 | £1.0m | £0 | £0 | £0 | £0 | £0 | £0 |
| Operating income | £157.1m | £34.4m | £324.2m | £177.3m | £213.0m | £87.7m | £128.8m | £90.7m | −£1.32bn | £425.6m |
| Net income | £8.7m | −£119.3m | −£6.0m | £77.4m | −£32.1m | −£83.4m | £76.4m | £65.3m | −£134.4m | £262.9m |
| Diluted earnings per share | 0.03 | -0.47 | -0.02 | 0.30 | -0.13 | -0.33 | 0.30 | 0.26 | -0.92 | 1.80 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £3.94bn | £3.38bn | £3.21bn | £2.66bn | £2.73bn | £3.08bn | £2.91bn | £3.02bn | £2.97bn | £2.83bn |
| Cash and short-term investments | £1.06bn | £1.01bn | £748.7m | £464.9m | £717.7m | £919.7m | £353.6m | £387.9m | £328.7m | £231.7m |
| Total liabilities | £3.45bn | £2.93bn | £2.63bn | £2.05bn | £2.09bn | £2.43bn | £2.18bn | £2.23bn | £2.43bn | £2.04bn |
| Debt | £3.39bn | £2.87bn | £2.57bn | £1.97bn | £1.90bn | £2.25bn | £696.6m | £623.8m | £2.17bn | £1.86bn |
| Shareholders' equity | £487.3m | £441.2m | £583.1m | £614.7m | £631.2m | £647.7m | £729.3m | £703.3m | £535.1m | £790.1m |
| Shares outstanding | 274m | 255m | 255m | 254m | 251m | 251m | 253m | 255m | 146m | 146m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue, before interest expense | £318.8m | £311.8m | £153.6m | £300.3m | £144.4m | £72.2m | £315.8m | £86.1m |
| Operating income | £88.3m | £77.7m | £153.6m | −£6.6m | £145.5m | −£17.8m | £91.1m | £14.6m |
| Net income | £7.7m | £3.1m | £5.6m | −£83.5m | −£35.8m | −£17.9m | £4.4m | £2.2m |
| Diluted earnings per share | 0.03 | 0.01 | 0.02 | -0.33 | -0.14 | -0.07 | 0.02 | 0.01 |
| Total assets | £4.40bn | £3.94bn | £3.45bn | £3.38bn | £3.09bn | £3.09bn | £3.21bn | £3.21bn |
| Cash and short-term investments | £1.26bn | £1.06bn | £805.3m | £1.01bn | £777.9m | £772.8m | £743.3m | £743.3m |
| Debt | — | — | — | £1.85bn | — | — | £1.13bn | — |
| Shareholders' equity | £494.9m | £487.3m | £434.7m | £441.2m | £529.7m | £529.7m | £583.1m | £583.1m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.9% | -0.3% | -5.2% |
| Operating income | -4.0% | 12.4% | -5.4% |
| Net income | -51.7% | — | -27.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 18.0% | 31.5% | 29.6% | 7.6% |
| Net margin | -10.4% | -1.8% | -4.6% | 4.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 22.3 | -0.6 | -17.3 | 2.0 | -8.8 | -2.9 | 4.8 | 7.0 | -3.1 | 1.7 |
| Price to sales | 0.3 | 0.1 | 0.2 | 0.3 | 0.5 | 0.4 | 0.6 | 0.7 | 0.4 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 18 Apr 2024.
| FY2024 | FY2023 | FY2022 | FY2019 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.01 | 0.153 | 0.17 | 0.19 | 0.007 | 0.322 | 0.324 | 0.282 |
- 1.292-to-1 reverse split · 16 Jul 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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