The IBOX Board has proposed a final dividend of 0.4p to be paid (2020: 0.3p) for FY21, bringing the total for the year to 0.4p (2020: 0.3p). Subject to approval at the AGM, the final dividend will be paid on 8 April 2022 to shareholders on the register at 25 March 2022.
Other financial highlights include:
Revenue
Revenue increased by 9% to £62.2m (2020: £57.3m), including 5% organic increase.
Recurring revenue increased by 2% to £36.3m (2020: £35.7m).
Profit
Adjusted EBITDA increased by 13% to £19.5m (2020: £17.2m).
Adjusted EBITDA margin improved to 31% (2020: 30%).
Operating profit increased by 90% to £7.6m (2020: £4.0m). Operating profit margin improved to 12% (2020: 7%).
Adjusted diluted EPS increased by 54% to 2.27p (2020: 1.47p).
Diluted EPS increased to 1.34p (2020: 0.11p).
Cash and debt
Free cashflow of £7.1m (2020: £11.2m) following planned repayment of 2020 VAT deferrals.
Disposal of Content businesses generated net proceeds of £10.7m; 3 acquisitions completed in the year with initial net consideration of £10.5m.
Net debt at 31 October 2021 reduced by 50% to £8.1m (2020: £16.1m).
