| TIDM | RAT |
|---|---|
| Ticker Code | RAT.L |
| ISIN | GB0002148343 |
| Currency | GBX |
| Issue Country | GB |
| Sector | NMX302020 |
| Year End | 31-Dec-25 |
| Shares in Issue | 103.44m |
|---|---|
| Market Cap. | £2.02b |
| Market Size | 200 |
| PE Ratio | 18.1279 |
| Earnings | 107.90 |
| Dividend | 94.00 |
| Yield | 4.806% |
| # of Trades | 439 |
|---|---|
| Vol Sold | 49,422 |
| Vol Bought | 31,595 |
| 52 Week High | 2,495.00 |
| 52 Week High Date | 27-Feb-2026 |
| 52 Week Low | 1,600.00 |
| 52 Week Low Date | 09-Jun-2025 |
| Standard | IFRS | IFRS | IFRS | IFRS | IFRS |
|---|---|---|---|---|---|
| Millions | Millions | Millions | Millions | Millions | |
| Income Statement | 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 |
| Revenue | 858.90 | 835.10 | 560.60 | 509.00 | 435.93 |
| Operating Profit / Loss | 152.90 | 99.60 | 57.60 | 64.10 | 95.03 |
| Net Interest | n/a | n/a | n/a | n/a | n/a |
| Pre Tax Profit | 152.90 | 99.60 | 57.60 | 64.10 | 95.03 |
| Post Tax Profit | 112.30 | 65.50 | 37.50 | 49.00 | 75.23 |
| Profit for the Period | 112.30 | 65.50 | 37.50 | 49.00 | 75.23 |
| Equity Holders of Parent Company | 112.30 | 65.50 | 37.50 | 49.00 | 75.23 |
| Minority Interests | n/a | n/a | n/a | n/a | n/a |
| Continuing EPS | |||||
| Earnings per Share (Basic) | 107.90p | 63.00p | 52.60p | 83.60p | 133.50p |
| Earnings per Share (Diluted) | 104.70p | 60.40p | 50.80p | 81.60p | 129.30p |
| Earnings per Share (Adjusted) | 170.50p | 161.60p | 135.80p | 130.80p | 172.20p |
| Continuing and Discontinued EPS | |||||
| Earnings per Share (Basic) | 107.90p | 63.00p | 52.60p | 83.60p | 133.50p |
| Earnings per Share (Diluted) | 104.70p | 60.40p | 50.80p | 81.60p | 129.30p |
| Earnings per Share (Adjusted) | 170.50p | 161.60p | 135.80p | 130.80p | 172.20p |
| Dividend per Share | 99.00p | 93.00p | 87.00p | 84.00p | 81.00p |
| Millions | Millions | Millions | Millions | Millions | |
| Balance Sheet | 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 |
| Non-Current Assets | |||||
| Intangible Assets | 947.00 | 982.70 | 1,025.30 | 356.19 | 376.19 |
| Property, Plant and Equipment | 121.60 | 95.50 | 80.60 | 51.77 | 56.95 |
| Investments | 1,864.30 | 1,278.20 | 1,295.80 | 1,056.45 | 791.59 |
| Investment Properties | n/a | n/a | n/a | n/a | n/a |
| Other Financial Assets | n/a | n/a | n/a | n/a | n/a |
| Other Non-Current Assets | n/a | n/a | n/a | n/a | n/a |
| Total Non-Current Assets | 2,932.90 | 2,356.40 | 2,401.70 | 1,464.42 | 1,224.73 |
| Current Assets | |||||
| Inventories | n/a | n/a | n/a | n/a | n/a |
| Trade and Other Receivables | 247.60 | 242.80 | 225.30 | 126.69 | 115.99 |
| Cash at Bank and in Hand | n/a | n/a | n/a | 1,412.92 | 1,463.29 |
| Current Asset Investments | n/a | n/a | n/a | n/a | n/a |
| Other Current Assets | 1,937.20 | 1,555.30 | 1,420.80 | 3.47 | 383.43 |
| Total Current Assets | 2,184.80 | 1,798.10 | 1,646.10 | 1,543.08 | 1,962.71 |
| Other Assets | 99.50 | 135.60 | 176.60 | 75.22 | 84.31 |
| Total Assets | 5,217.20 | 4,290.10 | 4,224.40 | 3,447.20 | 3,271.75 |
| Current Liabilities | |||||
| Borrowings | n/a | n/a | n/a | n/a | n/a |
| Other Current Liabilities | n/a | n/a | n/a | 0.25 | n/a |
| Total Current Liabilities | n/a | n/a | n/a | 0.25 | n/a |
| Net Current Assets | n/a | n/a | n/a | n/a | n/a |
| Non-Current Liabilities | |||||
| Borrowings | 114.80 | 84.70 | 114.80 | 90.38 | 94.86 |
| Provisions | 106.80 | 106.10 | 111.50 | 20.43 | 29.14 |
| Other Non-Current Liabilities | n/a | n/a | n/a | n/a | n/a |
| Total Non-Current Liabilities | 221.60 | 190.80 | 226.30 | 110.81 | 124.00 |
| Net Assets | 1,352.00 | 1,359.40 | 1,350.20 | 634.83 | 623.28 |
| Capital and Reserves | |||||
| Share Capital | 5.40 | 5.50 | 5.40 | 3.17 | 3.10 |
| Share Premium Account | 6.90 | 317.80 | 312.30 | 309.97 | 291.03 |
| Other Reserves | 761.20 | 756.30 | 768.80 | 24.45 | 40.34 |
| Retained Earnings | 578.50 | 279.80 | 263.70 | 297.24 | 288.82 |
| Shareholders Funds | 1,352.00 | 1,359.40 | 1,350.20 | 634.83 | 623.28 |
| Minority Interests / Other Equity | n/a | n/a | n/a | n/a | n/a |
| Total Equity | 1,352.00 | 1,359.40 | 1,350.20 | 634.83 | 623.28 |
| 31 Dec '25 | 31 Dec '24 | 31 Dec '23 | 31 Dec '22 | 31 Dec '21 | |
| Operating Margin | 17.80% | 11.93% | 10.27% | 12.59% | 21.80% |
| Return on Capital Employed | n/a | n/a | n/a | n/a | n/a |
| Dividend Cover | 1.72 | 1.74 | 1.56 | 1.56 | 2.13 |
| Dividend Yield | 5.10 | 5.60 | 5.00 | 4.10 | 4.10 |
| PE Ratio | 11.30 | 10.30 | 12.80 | 15.60 | 11.50 |
| PEG | 1.90 | 0.50 | 3.20 | n/a | 0.40 |
| Dividend per Share Growth | 6.45% | 6.90% | 3.57% | 3.70% | 12.50% |
| Net Asset Value per Share | 446.63p | 415.42p | 358.30p | 307.28p | 272.49p |