The JTC Board has recommended an interim dividend of 2.6p per share, an increase of 0.2p period on period (H1 2020: 2.4p). The interim dividend will be paid on 29 October 2021 to shareholders on the register as at close of business on the record date of 1 October 2021.
Other financial highlights include:
Revenue up 24.8% to £67.0m (H1 2020: £53.7m), reflecting continued good net organic growth of 7.6% (+16.0% gross) and inorganic growth of 17.2%
Underlying EBITDA up 22.6% to £21.9m (H1 2020: £17.9m) with an underlying EBITDA margin of 32.7% (H1 2020: 33.3%)
Annualised new business wins totalling £10.3m (H1 2020: £8.6m), comprising £4.8m in ICS and £5.5m in PCS which included their largest ever single mandate (c. £2.5m per annum)
Strong underlying cash conversion of 108% (H1 2020: 108%)
A robust balance sheet further strengthened by £65.9m gross proceeds from their April fundraise, and including an undrawn £45.6m out of the available £150m banking facilities with no debt falling due for repayment before 2023