Z 
464.50p
-0.64%
Close of 6 Nov 2026, in pence
At a glance
Figures in GBP, from our data supplier.
Revenue
£1.86bn
FY2017FY2026
Net income
£76.2m
FY2017FY2026
Free cash flow
−£226.7m
FY2017FY2026
Shareholders' equity
£1.09bn
FY2017FY2026
Income statement
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | £1.86bn | £1.81bn | £1.83bn | £1.49bn | £1.24bn | £1.11bn | £779.3m | £745.5m | £701.7m | £667.4m |
| Gross profit | £403.8m | £397.9m | £414.3m | £415.4m | £326.4m | £233.0m | £154.7m | £152.2m | £136.7m | £151.2m |
| Operating income | £167.3m | £136.4m | £193.9m | £213.0m | £144.2m | £68.7m | £70.7m | £76.6m | £68.0m | £81.0m |
| Net income | £76.2m | £79.8m | £125.0m | £139.2m | £101.5m | £65.6m | £7.7m | £51.4m | £43.2m | £60.9m |
| Diluted earnings per share | 0.34 | 0.34 | 0.54 | 0.60 | 0.42 | 0.26 | 0.03 | 0.38 | 0.29 | 0.43 |
Balance sheet
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | £2.54bn | £2.34bn | £2.23bn | £2.11bn | £1.85bn | £1.72bn | £1.79bn | £1.13bn | £1.12bn | £955.2m |
| Cash and short-term investments | £23.5m | £33.7m | £39.8m | £14.1m | £24.6m | £11.2m | £67.8m | £35.7m | £21.4m | £41.4m |
| Total liabilities | £1.44bn | £1.27bn | £1.18bn | £1.11bn | £900.2m | £807.1m | £920.5m | £564.8m | £579.8m | £438.6m |
| Debt | £1.02bn | £869.9m | £782.0m | £708.6m | £607.1m | £541.5m | £643.7m | £472.6m | £460.7m | £351.0m |
| Shareholders' equity | £1.09bn | £1.06bn | £1.04bn | £994.6m | £946.8m | £908.1m | £871.6m | £563.6m | £539.1m | £516.6m |
| Shares outstanding | 227m | 237m | 230m | 233m | 244m | 249m | 249m | 136m | 148m | 143m |
Cash flow
Fiscal years
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | £462.7m | £16.5m | £378.4m | £357.3m | £295.9m | £253.0m | £239.5m | £267.6m | £218.2m | £217.2m |
| Capital spending | −£689.4m | −£14.2m | −£569.3m | −£407.3m | −£346.7m | −£312.8m | −£373.8m | −£419.5m | −£500.3m | −£352.3m |
| Free cash flow | −£226.7m | £2.2m | −£190.9m | −£50.0m | −£50.8m | −£59.8m | −£134.2m | −£152.0m | −£282.1m | −£135.2m |
| Dividends paid | −£59.5m | −£59.0m | −£56.2m | −£52.2m | −£43.9m | −£24.9m | −£24.3m | −£23.4m | −£23.4m | −£21.9m |
Latest quarters
By quarter end
| Apr 2026 | Oct 2025 | Apr 2025 | Oct 2024 | Apr 2024 | Oct 2023 | Apr 2023 | Jan 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | £929.3m | £929.6m | £909.0m | £903.6m | £921.8m | £911.3m | £793.4m | £396.7m |
| Gross profit | £203.1m | £200.7m | £195.0m | £184.6m | £198.3m | £216.0m | £207.9m | £109.0m |
| Operating income | £84.1m | £83.2m | £81.2m | £75.8m | £81.3m | £112.6m | £102.6m | £51.3m |
| Net income | £26.6m | £49.6m | £36.4m | £43.4m | £50.5m | £74.6m | £57.2m | £28.6m |
| Diluted earnings per share | 0.12 | 0.21 | 0.15 | 0.19 | 0.22 | 0.32 | 0.25 | 0.12 |
| Cash from operations | £219.0m | £242.0m | £217.0m | £241.0m | £241.0m | £136.0m | £199.0m | £23.0m |
| Capital spending | −£336.0m | −£353.0m | −£336.0m | −£347.0m | −£298.0m | −£272.0m | −£226.0m | −£2.0m |
| Free cash flow | −£117.0m | −£111.0m | −£119.0m | −£106.0m | −£57.0m | −£136.0m | −£27.0m | £21.0m |
| Total assets | £2.54bn | £2.50bn | £2.34bn | £2.28bn | £2.23bn | £2.21bn | £2.11bn | £2.11bn |
| Cash and short-term investments | £23.5m | £39.6m | £33.7m | £15.1m | £39.8m | £29.6m | £14.1m | £14.1m |
| Debt | £914.1m | £870.4m | £771.5m | £740.5m | £668.4m | £665.4m | £601.3m | — |
| Shareholders' equity | £1.09bn | £1.08bn | £1.06bn | £1.04bn | £1.04bn | £1.02bn | £994.6m | £623.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.7% | 10.9% | 11.6% |
| Operating income | -7.7% | 19.5% | 6.1% |
| Net income | -18.2% | 3.0% | 2.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 21.8% | 23.3% | 23.4% | 22.9% |
| Operating margin | 8.3% | 10.2% | 9.9% | 10.2% |
| Net margin | 4.2% | 6.0% | 6.3% | 6.3% |
Valuation history
At each fiscal year end
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 13.9 | 11.4 | 5.9 | 6.1 | 9.9 | 16.6 | 86.4 | 8.2 | 13.0 | 8.9 |
| Price to sales | 0.6 | 0.5 | 0.4 | 0.6 | 0.8 | 1.0 | 0.8 | 0.6 | 0.8 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 14 years. Last went ex-dividend on 27 Aug 2026.
| FY2027 | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.182 | 0.264 | 0.263 | 0.248 | 0.225 | 0.18 | 0.102 | 0.184 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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