W 
745.00p
-0.27%
Close of 9 Nov 2026, in pence
Search any instrument
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
£1.83bn
FY2017FY2026
Net income
£99.0m
FY2017FY2026
Free cash flow
£174.3m
FY2017FY2026
Shareholders' equity
£628.7m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.83bn | £1.65bn | £1.54bn | £1.54bn | £1.24bn | £905.1m | £810.5m | £773.5m | £631.2m | £5.1m |
| Gross profit | £237.2m | £211.2m | £189.4m | £226.4m | £188.7m | £123.3m | £99.2m | £72.6m | £57.4m | £388,340 |
| Research and development | — | — | — | — | — | — | — | £2.6m | £886,000 | £8,860 |
| Operating income | £178.8m | £113.9m | £120.0m | £178.8m | £143.6m | £92.6m | £69.8m | £45.5m | £37.4m | £226,490 |
| Net income | £99.0m | £53.8m | £59.1m | £121.8m | £101.0m | £50.6m | £507,000 | −£1.8m | £399,000 | £52,890 |
| Diluted earnings per share | 0.42 | 0.23 | 0.25 | 0.51 | 0.42 | 0.21 | 0.00 | -0.01 | 0.00 | 0.00 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £1.46bn | £1.48bn | £1.33bn | £1.24bn | £1.03bn | £827.2m | £852.2m | £512.7m | £531.0m | £4.0m |
| Cash and short-term investments | £65.1m | £79.7m | £115.7m | £136.4m | £105.9m | £76.1m | £72.9m | £34.5m | £49.2m | £284,020 |
| Total liabilities | £832.4m | £936.0m | £804.4m | £765.7m | £668.7m | £576.9m | £652.7m | £436.2m | £446.0m | £3.5m |
| Debt | £548.1m | £647.4m | £573.7m | £530.4m | £459.2m | £419.3m | £507.7m | £267.1m | £284.8m | £2.2m |
| Shareholders' equity | £628.7m | £539.6m | £523.0m | £469.3m | £361.3m | £250.3m | £199.5m | £76.6m | £85.1m | £510,460 |
| Shares outstanding | 233m | 232m | 233m | 238m | 240m | 239m | 239m | 228m | 182m | 239m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £242.6m | £183.7m | £191.3m | £211.9m | £170.3m | £171.8m | £95.2m | £64.3m | £47.4m | £467,030 |
| Capital spending | −£68.3m | −£75.4m | −£84.0m | −£75.0m | −£41.0m | −£24.1m | −£22.4m | −£36.0m | −£14.9m | −£177,150 |
| Free cash flow | £174.3m | £108.3m | £107.3m | £136.9m | £129.3m | £147.7m | £72.8m | £28.3m | £32.5m | £289,880 |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £982.8m | £845.1m | £866.7m | £784.8m | £776.5m | £761.4m | £777.6m | £388.8m |
| Gross profit | £135.5m | £101.7m | £115.9m | £97.3m | £87.9m | £101.5m | £113.0m | £56.5m |
| Operating income | £100.3m | £78.5m | £94.2m | £60.2m | £70.2m | £81.7m | £85.4m | £42.7m |
| Net income | £54.6m | £44.4m | £24.9m | £28.9m | £12.1m | £47.0m | £57.2m | £28.6m |
| Diluted earnings per share | 0.23 | 0.19 | 0.11 | 0.12 | 0.05 | 0.20 | 0.24 | 0.12 |
| Cash from operations | £156.0m | £86.0m | £106.0m | £65.0m | £97.0m | £93.0m | £123.0m | £61.0m |
| Capital spending | −£27.0m | −£40.0m | −£28.0m | −£43.0m | −£35.0m | −£46.0m | −£45.0m | −£22.0m |
| Free cash flow | £129.0m | £46.0m | £78.0m | £22.0m | £62.0m | £47.0m | £78.0m | £39.0m |
| Total assets | £1.46bn | £1.50bn | £1.48bn | £1.53bn | £1.33bn | £1.31bn | £1.24bn | £1.24bn |
| Cash and short-term investments | £65.1m | £44.3m | £79.7m | £110.5m | £99.3m | £86.1m | £136.4m | £136.4m |
| Debt | £179.1m | £232.7m | £591.4m | £58.0m | £517.0m | £119.5m | £167.4m | — |
| Shareholders' equity | £628.7m | £585.1m | £539.6m | £547.6m | £523.0m | £515.8m | £469.3m | £340.0m |
Financial ratios
Data as of 5 Nov 2026
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross margin | 13.0% | 12.8% | 12.3% | 14.7% | 15.2% | 13.6% | — | — | — | — |
| Operating margin | 9.8% | 6.8% | 7.9% | 11.5% | 11.4% | 10.2% | — | — | — | — |
| Net margin | 5.4% | 3.3% | 3.8% | 7.9% | 8.2% | 5.6% | — | — | — | — |
| Return on equity | 15.7% | 10.0% | 11.3% | 26.0% | 28.0% | 20.2% | — | — | — | — |
| Return on assets | 6.8% | 3.6% | 4.5% | 9.9% | 9.8% | 6.1% | — | — | — | — |
| Free cash flow yield | 0.2% | 0.1% | 0.2% | 0.2% | 0.1% | 0.1% | — | — | — | — |
| Revenue growth | 10.7% | 7.4% | -0.3% | 24.6% | 36.8% | 11.7% | — | — | — | — |
| Earnings growth | 84.0% | -9.0% | -51.5% | 20.6% | 99.6% | 9880.3% | — | — | — | — |
| Current ratio | 1.91x | 1.95x | 1.95x | 1.88x | 1.72x | 1.66x | — | — | — | — |
| Debt to equity | 0.28x | 0.46x | 0.33x | 0.36x | 0.46x | 0.62x | — | — | — | — |
| Equity ratio | 43.0% | 36.6% | 39.4% | 38.0% | 35.1% | 30.3% | — | — | — | — |
| Interest coverage | 4.68x | 2.97x | 3.96x | 7.42x | 8.90x | 5.20x | — | — | — | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.3% | 0.1% | 0.2% | 0.2% |
| Buybacks as a share of market value | -0.4% | 0.3% | 2.2% | 0.5% | -0.0% | 0.0% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.8% | 15.1% | 16.1% |
| Operating income | 0.0% | 14.1% | 29.8% |
| Net income | -6.7% | 14.4% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 12.9% | 13.2% | 13.5% | 12.6% |
| Operating margin | 8.4% | 9.0% | 9.5% | 8.8% |
| Net margin | 4.4% | 5.1% | 5.6% | 4.2% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 17.8 | 20.5 | 22.1 | 8.8 | 12.4 | 42.6 | — | -307.0 |
| Price to sales | 1.0 | 0.7 | 0.8 | 0.7 | 1.0 | 2.4 | 1.1 | 0.7 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.