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35.00p
+2.94%
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
£1.05bn
FY2017FY2026
Net income
−£326.3m
FY2017FY2026
Free cash flow
−£59.7m
FY2017FY2026
Shareholders' equity
−£647.0m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.05bn | £1.12bn | £1.27bn | £1.48bn | £1.02bn | £662.3m | £621.5m | £566.8m | £424.8m | £330.4m |
| Gross profit | £296.5m | £336.1m | £390.8m | £402.3m | £324.6m | £208.1m | £201.4m | £179.5m | £134.2m | £105.2m |
| Operating income | −£26.7m | −£225.4m | −£51.8m | −£24.1m | £67.9m | £40.8m | £40.0m | £41.7m | £39.1m | £28.5m |
| Net income | −£326.3m | −£264.4m | −£108.0m | −£91.8m | −£12.4m | £2.8m | −£71.8m | −£7.9m | £8.6m | £12.6m |
| Diluted earnings per share | -2.83 | -2.31 | -0.94 | -0.80 | -0.11 | 0.02 | -0.57 | -0.06 | 0.07 | 0.13 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.21bn | £1.33bn | £1.63bn | £1.87bn | £1.64bn | £1.35bn | £1.20bn | £984.6m | £790.2m | £329.3m |
| Cash and short-term investments | £68.4m | £77.6m | £94.8m | £93.3m | £273.6m | £348.8m | £176.8m | £66.4m | £54.0m | £28.0m |
| Total liabilities | £1.86bn | £1.60bn | £1.65bn | £1.75bn | £1.44bn | £1.15bn | £959.3m | £664.7m | £524.6m | £250.0m |
| Debt | £1.13bn | £975.5m | £934.8m | £1.20bn | £984.7m | £834.8m | £625.3m | £402.7m | £309.1m | £117.4m |
| Shareholders' equity | −£647.0m | −£273.1m | −£22.2m | £119.0m | £202.6m | £208.2m | £240.6m | £319.9m | £265.6m | £79.3m |
| Shares outstanding | 115m | 115m | 114m | 115m | 118m | 117m | 125m | 125m | 120m | 94m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −£4.5m | −£2.2m | £55.2m | £89.1m | £68.1m | £57.5m | £67.4m | £52.4m | £37.0m | £31.7m |
| Capital spending | −£55.2m | −£77.2m | −£62.5m | −£99.6m | −£53.3m | −£28.5m | −£33.8m | −£43.7m | −£25.9m | −£9.4m |
| Free cash flow | −£59.7m | −£79.4m | −£7.3m | −£10.5m | £14.8m | £29.0m | £33.6m | £8.7m | £11.1m | £22.3m |
| Dividends paid | — | — | — | — | — | −£9.0m | −£9.0m | — | — | — |
Latest quarters
By quarter end
| Mar 2026 | Sept 2025 | Mar 2025 | Sept 2024 | Mar 2024 | Sept 2023 | Jun 2023 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £519.4m | £528.7m | £548.6m | £569.5m | £601.8m | £648.5m | £324.3m | £704.1m |
| Gross profit | £145.8m | £168.6m | £166.6m | £169.5m | £185.1m | £197.7m | £107.7m | £201.0m |
| Operating income | −£19.8m | £11.4m | −£84.6m | −£140.8m | −£75.6m | £45.7m | £13.5m | −£8.7m |
| Net income | −£186.9m | −£139.4m | −£91.8m | −£172.6m | −£85.5m | −£22.5m | — | −£139.3m |
| Diluted earnings per share | -1.62 | -1.22 | -0.80 | -1.51 | -0.74 | -0.20 | -0.10 | -1.21 |
| Cash from operations | −£20.0m | £16.0m | −£11.0m | £9.0m | £23.0m | £31.0m | — | £98.0m |
| Capital spending | −£29.0m | −£25.0m | −£41.0m | −£33.0m | −£30.0m | −£28.0m | — | −£55.0m |
| Free cash flow | −£49.0m | −£9.0m | −£52.0m | −£24.0m | −£7.0m | £3.0m | — | £43.0m |
| Total assets | £1.21bn | £1.34bn | £1.33bn | £1.46bn | £1.63bn | £1.82bn | £1.82bn | £1.87bn |
| Cash and short-term investments | £68.4m | £94.0m | £77.6m | £92.9m | £94.8m | £92.7m | £92.7m | £93.3m |
| Debt | £123.2m | £1.28bn | £815.6m | £115.0m | £1.10bn | £89.6m | £1.15bn | £799.0m |
| Shareholders' equity | −£647.0m | −£411.8m | −£273.1m | −£180.2m | −£22.2m | £82.8m | £82.8m | £119.0m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -10.8% | 9.6% | 15.2% |
| Operating income | 3.5% | — | — |
| Net income | 52.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 29.2% | 29.0% | 29.7% | 30.2% |
| Operating margin | -11.6% | -6.7% | -3.3% | -0.6% |
| Net margin | -27.3% | -16.1% | -12.1% | -9.7% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -0.1 | -0.2 | -0.7 | -3.8 | -45.8 | — | -11.4 | -68.3 | 65.7 | 61.9 |
| Price to sales | 0.0 | 0.0 | 0.1 | 0.2 | 0.6 | 2.1 | 1.3 | 0.9 | 1.3 | 2.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 16 Jul 2014.
| FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.006 | 0.018 | 0.02 | 0.021 | 0.019 | 0.015 | 0.04 | 0.028 |
- 5-for-1 split · 12 Sept 2016
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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