Y 
277.00p
-0.22%
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
£396.6m
FY2017FY2026
Net income
£5.7m
FY2017FY2026
Free cash flow
£38.6m
FY2017FY2026
Shareholders' equity
£187.8m
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £396.6m | £388.9m | £335.3m | £258.3m | £221.1m | £169.0m | £152.4m | £136.5m | £116.6m | £107.0m |
| Gross profit | £323.2m | £283.3m | £271.1m | £199.9m | £167.0m | £127.5m | £118.3m | £112.3m | £95.1m | £85.7m |
| Research and development | — | — | — | £9.3m | £9.1m | £4.9m | £4.6m | £4.6m | £3.5m | £2.8m |
| Operating income | £44.2m | £44.9m | £10.9m | £47.6m | £40.0m | £25.3m | £21.6m | £18.5m | £12.7m | £8.1m |
| Net income | £5.7m | £13.4m | −£2.4m | £34.5m | £17.1m | £12.5m | £9.6m | £15.0m | £8.2m | £4.7m |
| Diluted earnings per share | 0.05 | 0.11 | -0.02 | 0.29 | 0.15 | 0.11 | 0.09 | 0.13 | 0.07 | 0.04 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £556.8m | £600.3m | £609.7m | £304.3m | £240.4m | £198.5m | £178.3m | £181.1m | £144.8m | £119.6m |
| Cash and short-term investments | £41.9m | £54.8m | £73.6m | £107.2m | £37.4m | £35.5m | £35.3m | £37.9m | £30.6m | £23.5m |
| Total liabilities | £369.0m | £409.2m | £426.5m | £108.1m | £115.4m | £86.5m | £69.0m | £73.7m | £52.7m | £39.1m |
| Debt | £64.2m | £221.9m | £238.8m | £11.2m | £12.2m | £13.2m | £9.3m | £11.1m | −£12.5m | £262,000 |
| Shareholders' equity | £187.8m | £191.1m | £183.2m | £196.4m | £125.3m | £112.7m | £110.1m | £108.0m | £92.1m | £80.5m |
| Shares outstanding | 118m | 118m | 117m | 117m | 112m | 111m | 112m | 113m | 115m | 112m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £39.9m | £45.2m | £39.7m | £59.2m | £61.9m | £49.0m | £35.2m | £33.6m | £18.1m | £16.4m |
| Capital spending | −£1.3m | −£1.1m | −£2.0m | −£17.4m | −£17.5m | −£23.8m | −£18.6m | −£2.7m | −£969,000 | −£843,000 |
| Free cash flow | £38.6m | £44.1m | £37.7m | £41.8m | £44.4m | £25.2m | £16.6m | £30.9m | £17.1m | £15.6m |
| Dividends paid | −£10.8m | −£10.6m | −£10.1m | −£7.7m | −£6.7m | −£5.5m | −£4.3m | −£3.2m | −£2.1m | −£1.5m |
Latest quarters
By quarter end
| Jul 2026 | Jan 2026 | Jul 2025 | Jan 2025 | Jul 2024 | Jan 2024 | Jul 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £201.8m | £194.8m | £197.2m | £191.7m | £192.2m | £143.1m | £126.9m | £131.4m |
| Gross profit | £165.9m | £152.3m | £128.6m | £154.7m | £129.0m | £121.8m | £99.2m | £100.7m |
| Operating income | −£2.8m | £19.0m | £23.1m | £21.8m | £13.0m | £9.5m | £26.2m | £22.1m |
| Net income | −£1.0m | £6.7m | £5.5m | £7.9m | −£6.6m | £4.3m | £18.4m | £16.1m |
| Diluted earnings per share | -0.01 | 0.06 | 0.05 | 0.07 | -0.06 | 0.04 | 0.16 | 0.14 |
| Cash from operations | £31.0m | £8.0m | £26.0m | £19.0m | £24.0m | £13.0m | £31.0m | £28.0m |
| Capital spending | — | — | — | — | −£1.0m | — | −£7.0m | −£9.0m |
| Free cash flow | — | — | — | — | £23.0m | — | £24.0m | £19.0m |
| Total assets | £556.8m | £564.4m | £600.3m | £585.3m | £609.7m | £584.4m | £304.3m | £243.2m |
| Cash and short-term investments | £41.9m | £32.8m | £54.8m | £49.8m | £73.6m | £53.4m | £107.2m | £41.4m |
| Debt | £49.5m | £197.4m | £72.4m | £217.7m | £224.8m | £218.1m | £3.1m | £2.8m |
| Shareholders' equity | £187.8m | £186.5m | £191.1m | £181.3m | £183.2m | £189.3m | £196.4m | £131.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 15.4% | 18.6% | 16.2% |
| Operating income | -2.4% | 11.8% | 23.3% |
| Net income | -45.1% | -14.5% | 5.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 77.2% | 78.1% | 77.5% | 78.1% |
| Operating margin | 11.3% | 10.7% | 12.0% | 11.8% |
| Net margin | 2.4% | 3.7% | 4.6% | 5.1% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 58.1 | 22.6 | -202.3 | 21.5 | 35.7 | 76.5 | 65.7 | 26.1 | 29.8 | 40.6 |
| Price to sales | 0.8 | 0.8 | 1.4 | 2.9 | 2.8 | 5.7 | 4.1 | 2.9 | 2.1 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 27 Nov 2025.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.093 | 0.09 | 0.088 | 0.07 | 0.06 | 0.05 | 0.04 | 0.03 |
- 5-for-1 split · 11 Apr 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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