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240.50p
-0.82%
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
£1.64bn
FY2018FY2025
Net income
£38.5m
FY2018FY2025
Free cash flow
£177.3m
FY2018FY2025
Shareholders' equity
£130.5m
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £1.64bn | £1.54bn | £1.55bn | £1.56bn | £1.53bn | £1.35bn | £1.29bn | £1.20bn |
| Gross profit | £603.8m | £566.6m | £565.0m | £570.5m | £568.5m | £509.1m | £501.3m | £469.7m |
| Research and development | — | — | — | — | — | £4.5m | £3.4m | £1.8m |
| Operating income | £70.6m | £47.3m | £62.9m | £68.8m | £96.7m | £61.0m | £56.2m | £56.6m |
| Net income | £38.5m | £18.4m | £29.8m | £31.9m | £58.8m | £26.3m | £12.9m | £14.9m |
| Diluted earnings per share | 0.17 | 0.08 | 0.12 | 0.12 | 0.23 | 0.10 | 0.05 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | £1.10bn | £1.08bn | £1.07bn | £1.10bn | £1.16bn | £1.14bn | £1.39bn | £1.84bn |
| Cash and short-term investments | £91.7m | £86.3m | £97.5m | £99.5m | £123.4m | £6.5m | £25.4m | £16.2m |
| Total liabilities | £969.8m | £932.5m | £909.8m | £940.1m | £996.1m | £1.05bn | £1.11bn | £1.57bn |
| Debt | £719.8m | £705.3m | £675.8m | £691.3m | £742.1m | £790.0m | £855.0m | £895.2m |
| Shareholders' equity | £130.5m | £145.3m | £163.3m | £164.4m | £160.8m | £129.8m | £278.6m | £263.7m |
| Shares outstanding | 233m | 237m | 255m | 261m | 252m | 252m | 252m | 252m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | £200.1m | £162.0m | £179.3m | £125.7m | £101.4m | £76.8m | £108.5m | £176.8m |
| Capital spending | −£22.8m | −£26.1m | −£32.1m | −£40.4m | −£26.5m | −£20.1m | −£24.1m | −£43.8m |
| Free cash flow | £177.3m | £135.9m | £147.2m | £85.3m | £74.9m | £56.7m | £84.4m | £133.0m |
| Dividends paid | −£24.8m | −£26.1m | −£27.4m | −£31.2m | −£5.3m | — | — | −£50.7m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £865.3m | £788.3m | £847.9m | £738.9m | £799.9m | £399.9m | £726.1m | £363.1m |
| Gross profit | £319.3m | £295.0m | £308.8m | £276.9m | £289.7m | £144.8m | £267.7m | £135.4m |
| Operating income | £37.4m | £33.6m | £37.0m | £12.4m | £35.4m | £17.5m | £28.3m | £15.9m |
| Net income | £19.3m | £17.6m | £20.9m | £1.3m | £16.8m | £8.4m | £13.8m | £6.9m |
| Diluted earnings per share | 0.09 | 0.08 | 0.09 | 0.01 | 0.07 | 0.04 | 0.05 | 0.03 |
| Cash from operations | £165.0m | £27.0m | £169.0m | £15.0m | £152.0m | £74.0m | — | — |
| Capital spending | −£11.0m | −£14.0m | −£8.0m | −£14.0m | −£10.0m | −£5.0m | — | — |
| Free cash flow | £154.0m | £13.0m | £161.0m | £1.0m | £142.0m | £69.0m | — | — |
| Total assets | £1.16bn | £1.10bn | £1.18bn | £1.08bn | £1.16bn | £1.16bn | £1.07bn | £1.07bn |
| Cash and short-term investments | £151.6m | £91.7m | £158.0m | £86.3m | £152.4m | £152.4m | £97.5m | £97.5m |
| Debt | £84.4m | £84.3m | £79.2m | £624.9m | £615.0m | £86.0m | £596.0m | £79.8m |
| Shareholders' equity | £110.4m | £130.5m | £130.3m | £145.3m | £153.4m | £153.4m | £163.3m | £163.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.5% | 4.1% | — |
| Operating income | 0.9% | 3.0% | — |
| Net income | 6.5% | 7.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 36.9% | 36.7% | 36.9% | — |
| Operating margin | 3.7% | 4.0% | 4.4% | — |
| Net margin | 1.8% | 1.9% | 2.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 14.2 | 19.5 | 12.2 | 12.0 | 10.2 |
| Price to sales | 0.3 | 0.2 | 0.2 | 0.3 | 0.4 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 23 Apr 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.073 | 0.109 | 0.109 | 0.109 | 0.124 | 0.021 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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