The Personal Group Holdings Plc Company is to announce an interim dividend for 2024 of 6.5p, representing an 11% increase on the previous year, to be paid on 8 November 2024 to members on the register as at 4 October 2024. Shares will be marked ex-dividend on 3 October 2024.
Other financal highlights include:
Revenue from Continuing Operations up 14% to £21.0m (H1 2023: £18.4m), with growth across all areas
Recurring revenue now 81% of total, up from 76% in H1 2023
Adjusted EBITDA from Continuing Operations up 31% to £3.9m (H1 2023: £3.0m)
Profit before tax from Continuing Operations up 14% to £2.3m (H1 2023: £2.0m)
Basic EPS of 5.4p (H1 2023: 4.5p)
Recurring revenue continues to increase across the Group, providing high levels of visibility for the second half of FY24 and beyond:
oInsurance Annualised Premium Income ("API") increased by c.14% to £33.8m (H1 2023: £29.6m)
oBenefits Platform Annual Recurring Revenue ("ARR") increased c.15% to £6.3m (H1 2023: £5.5m)
oPay & Reward ARR increased c.6% to £0.7m (H1 2023: £0.6m)
£5.2m of cash generated from operations, with cash and deposits at 30 June 2024 of £23.1m (31 December 2023: £20.1m), and debt free
