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2025 Interim Summary

  • Underlying profit before taxation* of £39.4m (2024: £51.5m)
  • Underlying basic earnings per share* of 98.6p (2024: 129.1p)
  • Strong balance sheet, with £206.2m of free cash resources* (30 June 2024: £178.4m)

 

* Classed as an Alternative Performance Measure ('APM').

  • Increased interim dividend of 33p per share (2024: 32p per share) – 23rd consecutive year of dividend increases
  • The Board’s expectation remains that the year will be second-half weighted and in line with the AGM Trading Statement

Interim results summary

To 30 June 2025

 
Six months ended 30 June 2025
Six months ended 30 June 2024
Revenue £297.8m £310.1m
Underlying profit before taxation* £39.4m £51.5m
Reported profit before taxation £37.5m £50.1m
Underlying basic earnings per share* 98.6p 129.1p
Reported basic earnings per share 93.0p 124.6p
Interim Dividend per share 33p 32p

* Classed as an Alternative Performance Measure ('APM').

2024 Performance Summary

  • Another record underlying profit before taxation* of £115.3m (2023: £109.2m), an increase of 6%
  • Underlying basic earnings per share* increased 4% to 286.9p (2023: 275.0p)
  • Full year dividend of 109p, an increase of 7% on 2023, giving rise to a 22nd consecutive year of dividend growth

 

* Classed as an Alternative Performance Measure ('APM').

  • Forward order book as at 31 December 2024, for invoicing in 2025 was US$231m (31 December 2023: US$217m) 
  • Strong balance sheet with free cash resources* of £216.3m (2023: £175.4m)

Results summary

To 31 December 2024

 
Year ended 31 Dec 2024
Year ended 31 Dec 2023
Revenue £661.4m £639.4m
Underlying profit before taxation* £115.3m £109.2m
Reported profit before taxation £112.1m £108.8m
Underlying basic earnings per share* 286.9p 275.0p
Reported basic earnings per share 277.1p 275.2p
Dividend per share 109p 102p

* Classed as an Alternative Performance Measure ('APM').