| Market Cap | — | |
| Enterprise Value | — | |
| Revenue | £726.0M | +7.6% |
| Gross Profit | £572.0M | +7.7% |
| EBITDA | — | — |
| Net Income | £551.0M | −7.2% |
| Diluted EPS | £0.41 | −8.7% |
| Free Cash Flow | — | — |
| DPS (FY2025) | — |
| Trailing yield | — |
| Payout ratio | — |
| Growth streak | — |
| 5y DPS growth | — |
| Fiscal year | DPS | YoY | Basis |
|---|---|---|---|
| FY20252025-12-31 | — | — | reported |
| FY20242024-12-31 | — | — | reported |
| FY20232023-12-31 | — | — | reported |
| FY20222022-12-31 | — | — | reported |
| Ratio | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend · 6y | vs own | vs sector |
|---|---|---|---|---|---|---|---|---|---|
| ▾Margins | |||||||||
| Gross Margin | 75.93% | 74.36% | 68.01% | 78.50% | 78.67% | 78.79% | 92% | 76% | |
| Operating Margin | 347.45% | 819.96% | −253.21% | −24.03% | 104.15% | 91.32% | 42% | 96% | |
| NOPAT Margin | 339.15% | 765.74% | −200.04% | −18.99% | 97.27% | 89.85% | 42% | 93% | |
| Net Margin | 330.32% | 743.59% | −288.04% | −33.78% | 88.00% | 75.90% | 42% | 94% | |
| OCF Margin | 46.06% | 59.89% | 31.84% | 57.54% | 48.89% | 54.55% | 58% | 81% | |
| Gross Profitability | 2.59% | 2.28% | 2.62% | 3.40% | 3.02% | 3.15% | 75% | 16% | |
| ▸Returns on Capital · 5 ratios | |||||||||
| ▸DuPont factors (ROE drivers) · 4 ratios | |||||||||
| ▸Earnings quality · 4 ratios | |||||||||
| ▸Liquidity & coverage · 4 ratios | |||||||||
| ▸Leverage · 8 ratios | |||||||||
| ▸Working capital · 5 ratios | |||||||||
| ▸Capital allocation · 3 ratios | |||||||||
The five drivers multiply to 4.6% vs reported ROE 4.5%. High ROE from margin and turnover is earned; from the equity multiplier it is borrowed.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | £432.0M | £546.0M | £669.0M | £749.0M | £675.0M | £726.0M |
| YoY % | +26.4% | +22.5% | +12.0% | -9.9% | +7.6% | |
| Cost of Revenue | £104.0M | £140.0M | £214.0M | £161.0M | £144.0M | £154.0M |
| YoY % | +34.6% | +52.9% | -24.8% | -10.6% | +6.9% | |
| Gross Profit | £328.0M | £406.0M | £455.0M | £588.0M | £531.0M | £572.0M |
| YoY % | +23.8% | +12.1% | +29.2% | -9.7% | +7.7% | |
| SG&A Expense | £52.0M | £59.0M | £59.0M | £63.0M | £76.0M | £73.0M |
| YoY % | +13.5% | 0.0% | +6.8% | +20.6% | -3.9% | |
| Operating Income | £1.50B | £4.48B | -£1.69B | -£180.0M | £703.0M | £663.0M |
| YoY % | +198.3% | -5.7% | ||||
| Interest Expense | £87.0M | £157.0M | £340.0M | £167.0M | £159.0M | £129.0M |
| YoY % | +80.5% | +116.6% | -50.9% | -4.8% | -18.9% | |
| Interest & Investment Income | £50.0M | £35.0M | £67.0M | £84.0M | £92.0M | £26.0M |
| YoY % | -30.0% | +91.4% | +25.4% | +9.5% | -71.7% | |
| Equity Method Income | — | £461.0M | -£144.0M | -£76.0M | £53.0M | £109.0M |
| YoY % | +105.7% | |||||
| Pretax Income | £1.46B | £4.36B | -£1.97B | -£263.0M | £636.0M | £560.0M |
| YoY % | +197.5% | -11.9% | ||||
| Income Tax | £35.0M | £288.0M | -£37.0M | -£10.0M | £42.0M | £9.0M |
| YoY % | +722.9% | -78.6% | ||||
| Net Income (incl. NCI) | £1.43B | £4.07B | -£1.93B | -£253.0M | £594.0M | £551.0M |
| YoY % | +184.6% | -7.2% | ||||
| Minority Interest (P&L) | £2.0M | £7.0M | -£3.0M | £0 | — | — |
| YoY % | +250.0% | |||||
| Net Income | £1.43B | £4.06B | -£1.93B | -£253.0M | — | — |
| YoY % | +184.5% | |||||
| EPS (Basic) | £1.24 | £3.39 | -£1.60 | -£0.21 | £0.45 | £0.41 |
| YoY % | +173.2% | -8.9% | ||||
| EPS (Diluted) | £1.24 | £3.38 | -£1.60 | -£0.21 | £0.45 | £0.41 |
| YoY % | +173.5% | -8.7% |
The sector classification is SIC-derived, not official GICS. Statement lines are XBRL facts as filed with the company's home regulator (SEC EDGAR for US filers; ESEF/EDINET and other national regulators for foreign filers); ratios and other derived figures are computed from them. A blank cell means the tag was absent — never imputed.
| FY20212021-12-31 | — | — | reported |
| FY20202020-12-31 | — | — | reported |
