Total dividend for FY22 of 10.0p per share, with final dividend of 6.8p proposed to be paid on 11 May 2023. The ex-dividend date is 6 April 2023, and the record date is 11 April 2023.
Other Financial Highlights:
- Underlying profit before tax of £98.9m, down £15.0m from FY21 primarily as a result of costs associated with technology platform of £7.6m and increased interest charges of £4.9m
- Statutory profit after tax of £81.6m, up from £78.3m as the losses from discontinued operations and non-underlying costs from the prior period are no longer recognised.
- Free cash flow decreased by £25.6m to an inflow of £79.0m, as EBITDA generated was offset by working capital outflows as a result of timing differences and receivables increases, which are expected to reverse or normalise in 2023.
- Overall net debt increased by £53.6m to £253.3m as a result of the dividends, share buybacks and capital expenditure as we continue to invest in the business, offset with cash inflows from disposals.